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Zafin Joins Banking Industry Architecture Network (BIAN)
1. Zafin Joins Banking Industry Architecture Network (BIAN)
VANCOUVER, British Columbia--(BUSINESS WIRE)--Zafin, the leader in relationship banking
software encompassing Product and Pricing Lifecycle Management for the financial services
industry, is pleased to announce that it has joined the Banking Industry Architecture Network
(BIAN).
BIAN's standardized IT framework consists of pre-defined (SOA) services which are core IT building
blocks with identified links between them. It allows financial institutions to adapt to constant
business and regulatory changes, and to support gradual strategic transformation while controlling
integration costs.
"Zafin is proud to join BIAN at this critical juncture of financial technology innovation where retail
and business customers are demanding cloud, mobile, analytics, and social media services," said
Dinesh Krishnan, Managing Director, Global Product Development at Zafin. "As a member of the
BIAN consortium, we hope to contribute Zafin's Product and Pricing expertise to the cost-effective
transformation of banking IT architecture within financial institutions and interoperability between
them," he added.
Hans Tesselaar, Executive Director of BIAN and a Zafin Board Member, said: "Adding Zafin to the
community of 58 leading financial institutions, software and service providers, as well as IT giants,
will enhance BIAN's ability to achieve a consensus-based approach to a standardised banking IT
architecture and meet Industry objectives of increased agility and reduced cost."
About Zafin
Zafin is an award-winning provider of relationship banking software solutions to the financial
services industry. As the market leader in relationship banking for Retail, Corporate, Wealth
Management and Correspondent Banking, Zafin is transforming the way banks manage products,
pricing, loyalty and billing across the entire client relationship.
Our flexible software suite, miRevenue, is a complete Product and Pricing Lifecycle Management
(PPLM) platform - a "start-to-finish" view of the way banks bring products to market quickly and
easily with a focus on revenue enhancement. For more information, visit www.zafin.com.
About BIAN
2. 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 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.
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ture-Network-BIAN