HSBC has joined the Banking Industry Architecture Network (BIAN) to develop its IT architecture through the use of common standards.

BIAN, which was established in 2008, is a collaborative not-for-profit global network made up of banks, tech providers, consultants, and academics. The organisation aims to establish and promote a common framework for banking interoperability issues.

The UK bank said it was attracted to the network because of its comprehensive industry reference models, open API exchange, and proof-of-concept projects, including the coreless banking initiative.

“The continuous improvement of our IT architecture is a crucial enabler of excellent customer experience and growth,” said Dan King, chief technology architect at HSBC. “Our customers come first, and keeping up with their needs is essential and highly-dependent on our IT systems.”

King identified the organisation’s coreless banking initiative, which promotes a more efficient approach to modernising banking software, as one of the main selling points for the bank.

“This initiative is incredibly interesting to us, as we look to future-proof our technology architecture,” he added.

BIAN said that because of the scale of HSBC’s business, which has over 40 million customers across 64 countries, the bank will bring a “wealth of perspective” to the organisation.

“HSBC has collective knowledge of many technologies and techniques, meaning that BIAN’s members can benefit and learn from their experience,” said the network. “BIAN will also benefit from HSBC’s international perspective and regional knowledge.”

Hans Tesselaar, executive director of BIAN, said that the organisation’s members would benefit from the bank’s experience and expertise.

“Collaboration is truly key to the success of our industry, and I look forward to our future, with our members by our side,” said Tesselaar.

Steve Van Wyk, global chief information officer at HSBC, said: “As the chair of BIAN’s Executive Board, I am hugely passionate about the role BIAN plays across the industry, and I am excited to welcome my colleagues at HSBC to the organisation. As an industry, we have common challenges, and by collaborating, we can overcome them to create an even more resilient and innovative sector.”

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