Home 5 Certification 5 BIAN Coreless Bank initiative aims to promote a more efficient and effective approach to modernising banking software

BIAN Coreless Bank initiative aims to promote a more efficient and effective approach to modernising banking software

ID: 1399042401
Issued July 14, 2020
Learning Type: Webinar
Certification Type: Without Certificate
Language: English
Course Duration: 1 Hours
Credential ID: -

Course Overview

BIAN Coreless Bank initiative aims to promote a more efficient and effective approach to modernising banking software The initial focus of the PoC is to develop API micro-services based solution covering saving, loans and checking account. BIAN’s Coreless Banking Proof of Concept demonstrates the following functions: • Complete plug and play functionality, to ensure no impact to user experience • Fully deployable to the cloud, so organizations can take advantage of modern software development techniques • Bank consumable API interface to orchestrate (where necessary) BIAN APIs and reduce network traffic • Cross domain orchestration, fully controlled by the bank, to also reduce network traffic 11 BIAN members have already taken up support of the initiative at a pilot stage, including PNC, Citi, Wells Fargo, JPMorgan Chase, Bangkok Bank, CIBC, IBM, Technisys, Infosys, Finxact and Zafin. In this 1-hour webinar BIAN’s Executive Director, Hans Tesselaar, will provide you an insight in the construct of the PoC and he will demo the software and some of the technology participants will share their lessons learned.
BIAN

The Banking Industry Architecture Network e.V. (BIAN) is an independent, member owned, not-for-profit association to establish and promote a common architectural framework for enabling banking interoperability. It was established in 2008. BIAN's goal is to establish a semantic framework to identify and define IT services in the banking industry. The underlying architectural pattern originates from a service-oriented architecture (SOA). The community focuses on creating a standard semantic banking services landscape, while ensuring consistent service definitions, levels of detail and boundaries. This will enable banks to achieve a reduction of integration costs and use the advantages of a service-oriented architecture of implementing commercial off-the-shelf (COTS) software. Financial institutions, software vendors, and system integrators, along with technology partners, are invited to join the association and play a collaborative role with other industry leaders in defining, building and implementing next-generation banking platforms.

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