Best Practice Report

Full Impact Of BIAN's Semantic Specifications Requires Compliant, Off-The-Shelf Solutions

The BIAN Revisited Series: Part 2

Jost Hoppermann
 and  two contributors
Feb 26, 2014

Summary

BIAN — the Banking Industry Architecture Network, a nonprofit organization working on definitions of semantically standardized business services for banking — has worked on semantic specifications of business services for the banking industry for a couple of years. Next to being a tool for communication and enterprise architecture, potential benefits of BIAN deliverables include ease of integration, improved interoperability, lower cost, and shorter implementation times. To make these benefits real requires market-available banking software solutions that comply with BIAN specifications. Based on discussions with selected BIAN vendor members, this report provides insights into the vendor side of the BIAN initiative. It answers important questions about the objectives vendors intend to reach with BIAN, how they use BIAN deliverables today, and how they intend to use them in the future, after the full availability of BIAN's service landscape.

Log in to continue reading
Client log in
Welcome back. Log in to your account to continue reading this research.
Become a client
Become a client today for these benefits:
  • Stay ahead of changing market and customer dynamics with the latest insights.
  • Partner with expert analysts to make progress on your top initiatives.
  • Get answers from trusted research using Izola, Forrester's genAI tool.
Purchase this report
This report is available for individual purchase ($1495).