BIAN and The Open Group launch practical guide to Enterprise Architecture in banking
LONDON, UK - 14th November 2013 - The Banking Industry Architecture Network (BIAN) and The Open Group today launch their latest collaborative whitepaper, detailing how banking industry architects can make use of both the BIAN Service Landscape and TOGAF®, an Open Group standard, in order to accelerate their work to drive transformational change across the industry, improving the quality and consistency of the architecture products they deliver.
The whitepaper is designed to further highlight the synergies between the two complementary industry frameworks, and has been updated to reflect BIAN’s Service Landscape 2.0. TOGAF is an open Enterprise Architecture methodology and framework, while BIAN delivers a banking specific framework and set of IT definitions. Together the standards frameworks add value to one another; when applying TOGAF in a banking environment, the addition of BIAN content speeds up Enterprise Architecture development and improves quality.
BIAN and The Open Group first announced their collaboration in February 2012, with a whitepaper and webinar. Since then the marketplace for financial institutions has continued to change, placing growing pressure on banking IT landscapes and resulting in an ever-increasing interest in Enterprise Architecture as a tool for enabling IT services transformation.
Hans Tesselaar, executive director, BIAN, said of this latest whitepaper: “The banking industry continues to change at a rapid pace, with regulators, emerging economies and new market players all making their mark on the ecosystem. This whitepaper, an extension of the work we undertook with The Open Group back in 2012, sets out to support Enterprise Architects grappling with these market issues.”
“Ongoing collaboration between BIAN and The Open Group is a positive development for Enterprise Architects and I welcome this whitepaper and subsequent steps towards developing Enterprise Architecture in the banking industry and therefore the key enabler for the reduction of integration cost and improved agility.”
Allen Brown, CEO, The Open Group, also commented: “The purpose of TOGAF® is to improve business efficiency by providing the same Enterprise Architecture methodology and framework used by the world’s leading organisations.”
“Given that BIAN, the banking landscape experts, also focus their architecture on business deliverables, it is clear that our frameworks are perfectly complementary. The Open Group looks forward to continuing work with BIAN.”
The whitepaper is available to download here
BIAN and The Open Group are due to discuss the new whitepaper in a webinar held on 18th November. There are already over 100 registrations to date. Visit here to sign up and hear how BIAN and The Open Group collaborate to support Enterprise Architects across the banking industry.
Established in 2008, the Banking Industry Architecture Network (BIAN) is an independent, member owned, not-for-profit association to establish and promote a common architectural framework for banking interoperability issues. BIAN’s goal is to define SOA and semantic definitions for IT services in the banking industry. The community focuses on creating a standard semantic banking services landscape, while ensuring consistent service definitions, levels of detail and boundaries. This will help banks to achieve a reduction of integration costs and use the advantages of a service-oriented architecture.
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.
To learn more about BIAN please visit bian.org.
About The Open Group
The Open Group is an international vendor- and technology-neutral consortium upon which organisations rely to lead the development of IT standards and certifications, and to provide them with access to key industry peers, suppliers and best practices. The Open Group provides guidance and an open environment in order to ensure interoperability and vendor neutrality.