Tietoevry Banking, a provider of modular software solutions for FIs, has recently joined the Banking Industry Architecture Network (BIAN).
This strategic move is part of Tietoevry Banking’s international expansion efforts and its commitment to modernizing the banking sector through the adoption of global standards and fostering multi-vendor collaborations.
By aligning with BIAN, an independent not-for-profit standards association, Tietoevry Banking is set to enhance its presence across Europe and other global markets. The membership allows the company to participate in BIAN’s various working groups, focusing on areas such as payments, transaction banking, and lending. This involvement provides Tietoevry Banking with a significant opportunity to shape the future of banking standards and explore new collaboration avenues with other industry leaders.
Jon Bremnes, CIO at Tietoevry Banking, expressed enthusiasm about joining the BIAN community, highlighting the importance of integrating software capabilities to deliver real value to end customers. He noted, “We believe that the banking industry’s modernization journey is about integrating software capabilities around ecosystems that deliver real value to the end customer. Open Banking, Embedded Finance, and Banking as a Platform are key examples where multiple vendors, banks, and non-financial institutions collaborate to embed financial products into the customer experience. Over the years, BIAN has transformed to become a true standard for integrating software components enabling the creation of new business models.”
Hans Tesselaar, Executive Director of BIAN, also commented on the new membership: “We at BIAN are excited to welcome Tietoevry Banking as a member. As a key player in the Nordic banking solutions space, Tietoevry Banking has proven its commitment to the BIAN standard over the years, and we are sure that they will continue on this path.”
Tietoevry Banking’s involvement with BIAN will play a crucial role in maintaining its position as a leading software solutions provider in Europe. By engaging with BIAN, Tietoevry Banking ensures that its products and services remain at the forefront of industry developments, providing customers worldwide with secure, compliant, and future-ready banking experiences.
Keep up with all the latest FinTech news here
Copyright © 2024 FinTech Global
