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Building the Bank of the Future

The traditional world of Banking is going through unprecedented change, and well established business models are being re-imagined from the ground-up.

We all know that the way financial services are sold (by banks) and consumed (by customers) has started to change.

Building the Bank of the Future

Open Banking is fast becoming a standard, and Banks are beginning to embrace new distribution channels. While the BIAN model has been around for a number of years, in this conversation shot at our offices in London earlier this year, Biju Suresh Babu, Managing Director of Fioranos Banking & Financial services practice catches up with Hans Tesselaar, Executive Director of BIAN to discuss:

Why the BIAN model is relevant to Banks today
How BIAN can be used as a template to build the Bank of the future, and
How Fiorano technology brings BIAN based standardisation to-life, through APIs and microservices.

Building the Bank of the Future

Fiorano technology helps:

Banks deliver on requirements for Embedded Finance / Embedded Banking / Banking as a Service.
Banks with legacy systems, retain and re-use these assets, adapting to next generational business models with minimum disruption and risk.

With BIAN on Fiorano, banks can progressively modernize, in the process moving away from closed, proprietary formats to open, standards based models. Most important, BIAN on Fiorano offers a model for Banks to introduce microservices and API-centric architectures at their cores, so they are future-ready.

For more details, download our free whitepaper ‘ Restructuring Your Bank for the Digital Age Using APIs and Microservices’.