IBM (Armonk, N.Y.) announced it is joining the Banking Industry Architecture Network (BIAN) a technology association dedicated to creating a service-oriented architecture standard in the financial industry.
As well as becoming a full member of the BIAN community, IBM's vice president of financial services solutions, Chae An, will take a position on BIAN's board of directors.
Since its inception in 2008, BIAN's mission has been to establish a service-oriented architecture standard in the banking industry, the group said. In 2011, BIAN signed nine new members and launched its "Service Landscape 1.5," a guide on how bank IT departments can use service-oriented architecture to operate more efficiently.
IBM joins the 30-strong global community of experts from the banking and software industries, which includes ING, Commonwealth Bank of Australia, Credit Suisse, Microsoft, Scotiabank, SAP, Callaty & Wouters, Infosys and SunGard. Its members are "working together to develop standards that help banks significantly reduce IT costs," according to the organization.