Of Special Interest

12th July 2011

Banking Industry Architecture Network grows

The Banking Industry Architecture Network has added three new banking members - Commonwealth Bank of Australia, Rabobank and Scotiabank. They join Credit Suisse, Deutsche Bank, Deutsche Postbank, ING, Standard Bank of South Africa and Zürcher Kantonalbank as banking members. At the same time ACI Worldwide joined Axon, Callataÿ & Wouters, Capital Banking Solutions, CGI, Fernbach, IFB group, IKOR, Innobis, Microsoft, SAP, SunGard, Swift, Syskoplan and Temenos as vendor members.

"CBA joining BIAN is an exciting step forward into the Asia-Pacific market and Scotiabank from Canada demonstrates the further internationalization of BIAN. ACI Worldwide offers the perspective from an international provider of payment systems. Rabobank is also a truly international operating bank and the first cooperative bank that joins BIAN. They all share with BIAN a common vision about the interoperable architectures in banking and a common understanding regarding the strategic evolution of core banking systems." said Karin Fischenbeck, secretary general of BIAN, who continues "We are looking forward to their inputs and the joint creation of global standards that can be used by the entire banking ecosystem, such as the latest BIAN results from the Lending Working Group, along with a comprehensive version of the BIAN Service Landscape."

As with all such organisations members will tread a fine line between making useful contributions in order to gain from the contributions of others and seeking not to give away any important commercial advantage. A number of security issues arise from such groups also. The first is not revealing to the wider community information of use to criminals and hackers. Secondly too much standardisation may mean that should security be breached in one bank it becomes easier to breach the security in others. For this reason banks that are known to share many architectural features in common may become of more interest to hackers than if they did not.