Commonwealth Bank has formally joined the Banking Industry Architecture Network, the industry association announced this week.
CBA foreshadowed its involvement in 2010. Its collaboration with other founding members of the network dates from 2009.
The
Banking Industry Architecture Network, based in Frankfurt, is a not-for-profit association. It describes its goals as being "to establish and promote a common architectural framework for banking interoperability issues."
A related goal is to push vendors, as well as the internal development teams at banks, to adopt agreed definitions - or "semantic standards", in the words of the BIAN website - in their work for banking clients.
Participation in BIAN overlaps with CBA's collaboration with Deutsche Bank, one of BIAN's founding members, in a buying consortium.
CBA has also shared detailed information of its IT vision with Bank of America, though the latter is not yet a member of the standard-setting network that CBA has now joined.