Microsoft announced that the Banking Industry Architecture Network (BIAN) alliance has published the first major banking industry information technology (IT) services standards to its members and the banking community at large. BIAN’s mission is to enable faster strategic and operational changes of the banking business by providing systematically defined banking functional IT services based on a broad consensus in the banking industry. It achieves this via an open and transparent model leveraging its 23 bank and technology members. The six standards published today represent a major milestone in BIAN’s efforts to help banks evolve a standards-based service-oriented architecture (SOA) to accelerate return on investment (ROI) from their IT investments.

More info: PressPass