IBM has joined the independent BIAN board, which seeks to establish a service-oriented architecture (SOA) standard for the banking industry that can help cut IT costs.
BIAN (the Banking Industry Architecture Network) was established in 2008 after being spun out of business software firm SAP.
Chae An, IBM's vice president of financial services solutions, has now taken a position on BIAN's board. "Open standards create interoperability and accelerate the adoption of new technologies that help industries work more intelligently," he said.
BIAN is also working with financial industry groups such as the Object Management Group (OMG) and SWIFT as part of its open standards strategy.
Steve Van Wyk, chairman of BIAN's board, and global chief information officer at ING Bank, said: "Together we will continue to work hard to establish the de-facto SOA standards for the global banking industry. IBM's expertise will enable BIAN to make great strides forward in creating a common model from which the whole industry will benefit."
Other members of BIAN include Commonwealth Bank of Australia, Credit Suisse, Microsoft, Scotiabank, SAP, Callata & Wouters, Infosys and SunGard.BIAN recently published its "BIAN Service Landscape version 1.5" as an IT reference framework.