TORONTO, ONTARIO--(Marketwire - Jan 21, 2013) - Axxiome, a leading banking solutions provider, has joined the Banking Industry Architecture Network (BIAN). Axxiome joins other global names such as ABN AMRO, Credit Suisse, Microsoft and Deutsche Bank amongst others, who it will work with to create common banking platforms which benefit consumers while also making banks significantly more efficient.
BIAN drives common industry agreements on how banking solutions will integrate with one another. It promotes open standards and helps make banks operate more effectively. Working together through BIAN, member companies can reduce integration costs, align IT with their business objectives and respond more quickly to customer needs. BIAN solutions will also reduce costs as common platforms enable banks to buy technical solutions from different providers knowing they will work with the core banking system, which isn''t the case when each bank has their own bespoke platforms and systems.
Axxiome is participating in BIAN to help shape the direction of common banking solutions. Axxiome has experience across the globe of advising on and implementing new banking systems and is a rapidly growing banking transformation solution provider, so it will help the BIAN community by bringing its international banking experience based on many SAP Banking implementations.
Kris Hansen, Vice President Architecture and Management Consulting at Axxiome North America, says, "There is a move amongst banks across the globe to move to services oriented software (SOA) and combine this with industry-agreed IT standards. Axxiome has extensive field knowledge on banking transformations that we can feed into BIAN. We have developed models and methods, aligned with BIAN, to help the banks we work with to exceed global standards. Bringing global methods and standards, helps mitigate risk as the banks will be aligned with global banking standards."
SOA will ensure different IT systems within a bank can work together as seamlessly as possible without additional time or cost requirements for integration.
Hans Tesselaar, Executive Director at BIAN adds, "The BIAN community is very pleased to welcome the Swiss headquartered global consultancy firm for the financial industry, Axxiome as one of our latest members. It''s my strong belief that this membership will not only benefit Axxiome and BIAN, but the whole Banking Industry. For many years Axxiome is developing their reference models for Financial Services. For BIAN it is a great opportunity to leverage Axxiome''s models and industry knowledge. By becoming a member of the BIAN community Axxiome has decide to migrate their models toward the BIAN open industry models to become better positioned for the near future. As know Axxiome has a strong position in the area of SAP for the financial industry and given the fact that SAP is one of the founding members of BIAN, it will also strengthen the value of Axxiome as SAP implementation partner. The BIAN community is looking forwards to the close working relationship that we will develop during the upcoming period."
NOTES TO EDITORS
Axxiome is a global solutions provider for the financial services industry focused on advising on core banking and insurance complexity reduction and analytics. Axxiome provides advanced SAP Banking and Insurance expertise for accelerating the implementation and integration of transformation initiatives. With these methods, products, and expertise, Axxiome helps financial institutions reach clarity from a business, technology, integration and portfolio perspective. Axxiome is committed to supporting the achievement of tangible business outcomes including: new business operating models, regulatory agility, increased efficiency, the transformation of customer channels, and reducing total cost of ownership for its clients.
Established in 2008, The Banking Industry Architecture Network (BIAN) is an independent, member owned, not-for-profit association set up to establish and promote a common architectural framework for banking interoperability issues. 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.
BIAN Members: ABN AMRO, Axxiome, Banco Galicia, Bangkok Bank, Callataÿ & Wouters, Capital Banking Solutions, CGI, Commonwealth Bank of Australia, COREtransform, Credit Suisse, Deutsche Bank, Deutsche Postbank, Erste Group, FERNBACH, HCL Axon, IBM, ifb group, IKOR, Infosys, ING, innobis AG, kutxa, Microsoft, Rabobank, SAB, SAP, Singapore Management University, SunGard, Standard Bank of South Africa, SWIFT, Scotiabank Group, Tata Consultancy Services, Temenos, UBS, UniCredit Group, Zürcher Kantonalbank.