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Banking industry promotes new common IT architecture

13/05/2015 by Sharon Shahzad

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Banking Industry Architecture Network (BIAN) has completed the development of a globally standardised IT architecture.

The Banking Industry Architecture Network (BIAN) has completed the development of a globally standardised IT architecture design for banks.

Established in 2008, BIAN is an independent, member owned and not-for-profit association, which aims to build and promote a common architectural framework for banking interoperability issues.

Following seven years of collaborative work between international banks, IT vendors, service providers and academic institutions, BIAN’s banking technology framework is ready to be put into practice at banks worldwide.

Designed by members including SAP, Microsoft, IBM, UBS, PNC and ABN-AMRO, BIAN’s Service Landscape defines the standard business capabilities that make up a bank - grouped into Service Domains. By identifying the information dependencies (known as Service Operations) between these business “building blocks”, BIAN is creating a “simplified solution” to update or replace core IT systems and overcome legacy issues, BIAN said.

Service Landscape 4.0 finalises the identification of Service Domains and takes the number of defined Service Operations from 375 to nearly 2,000. BIAN anticipates that more Service Operations will come to light as banks put the framework into practice.

This article has been extracted from http://www.computerworlduk.com, please click on this link tot read the article in full http://www.computerworlduk.com/news/infrastructure/banking-industry-promotes-new-common-it-architecture-3611561/

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