Oracle Extends Commitment to Open Banking and Payments Standards Through BIAN & IFX Forum Memberships - Seite 2

"The IFX Forum is very pleased to welcome Oracle into its membership. This is a time of significant change in the financial services industry. Standards are playing an important role in enabling dramatic new capabilities that can only work well if financial institutions and their partners work together to create smooth, interoperable solutions that are resilient in the face of rapid innovation," said Richard Urban, President, IFX Forum, Inc. "We are committed to that mission and believe Oracle can bring valuable expertise to our efforts."

"BIAN, like Oracle, believes that technological innovation within financial services is essential for business growth. Having Oracle on board is a fantastic boost to the BIAN network and should be inspirational for others to join. BIAN can benefit from Oracle's vast experience of providing specialized solutions across multiple industries, which can benefit BIAN as it continues the development of a standardized IT banking business framework for the global financial ecosystem," said Hans Tesselaar, Executive Director of BIAN.

Through Oracle's membership in both BIAN and the IFX Forum, Oracle can contribute from experience gained delivering a broad range of solutions and technology to innovative financial institutions across the globe. Critically both BIAN and IFX Forum include leading financial institutions in the definition of their standards thus helping to ensure that the standards address both the existing systems and business requirements and the future strategic requirements of banks.

ABOUT BIAN
Established in 2008, the Banking Industry Architecture Network (BIAN) is an independent, member owned, not-for-profit association, designed to build 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.