London (Vocus) May 1, 2008
SunGard (http://www.sungard.com ) announced that it is a founding member of the Banking Industry Architecture Network (BIAN). BIAN is a new association, formed by leading software and financial industry firms and banks, aimed at helping banks to move to a service oriented architecture (SOA) by openly sharing technical and domain expertise to apply SOA principles and methodologies. Creation of the network was announced today by SAP. (http://www.sap.com/about/press/press.epx?pressid=9405)
Working with standards bodies and banks worldwide, BIAN aims to encourage standards and best practice adoption, define enterprise services, and develop and deliver SOA and business process management based banking platforms. BIAN’s work will help banks to more flexibly use software to run core banking processes and achieve better interoperability among their IT systems.
SunGard’s experience in developing SOA-based technologies and methodologies will play an important role in the new association. SunGard’s own SOA initiative, Infinity, uses a SOA development framework to offer business process management and a Software-as-a-Service (SaaS) infrastructure to SunGard customers. It aims to help banks develop and deploy custom applications, as well as integrate SunGard components with proprietary or third-party applications.
SunGard’s Ambit, the recently launched banking solution suite and strategy, uses the Infinity framework. Ambit brings the technology of a range of SunGard solutions in an environment which provides an infrastructure for creating, registering, developing, integrating, deploying, running and managing its applications as software services. Ambit’s SOA foundation will enable banking customers to use SunGard’s banking software assets by orchestrating business requirements across applications.
Matts Lillienberg, division chief technology officer at SunGard’s financial systems business, commented: “Infinity and Ambit have demonstrated SunGard’s commitment to developing SOA-based technology and a SaaS infrastructure for banks. Our BIAN membership gives us a collaborative platform on which to share this knowledge and expertise, and benefit from others’ experience. Being part of BIAN will help our customers to build the bank of the future.”
About SunGard Ambit
SunGard’s Ambit is a banking solution suite for retail, commercial and private banks. It provides banking professionals with solutions that support front-, middle- and back-office operations, as well as solutions for financial management, risk and compliance. Ambit helps banks improve customer service management, streamline business processes, comply with regulations and capture growth opportunities. For more information, visit http://www.sungard.com/ambit .
With annual revenue of $5 billion, SunGard is a global leader in software and processing solutions for financial services, higher education and the public sector. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 25,000 customers in more than 50 countries, including the world’s 50 largest financial services companies. Visit SunGard at http://www.sungard.com .
Trademark Information: SunGard, the SunGard logo and Ambit are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.