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Industry Association Supports Banks in Their Journey to SOA
MONTREAL, Oct. 1 /PRNewswire-FirstCall/ – CGI Group Inc. (TSX: GIB.A; NYSE: GIB), a global leader in information technology (IT) and business process services is pleased to announce that it has joined Banking Industry Architecture Network (BIAN).
BIAN's goal is to enable banks to rapidly adapt their IT systems to strategic and operational business changes and to enhance interoperability between banks. To achieve this, BIAN seeks to accelerate the adoption of Service Oriented Architecture (SOA) in the banking industry, fostering easier and more cost effective integration of SOA for financial institutions.
Leveraging existing technology standards and specifications, BIAN will create a comprehensive framework of business-focused semantic services for banking. The framework will provide a model that institutions can use to rapidly integrate best of breed SOA components into highly functional and flexible applications, providing a cost effective way to migrate from today's legacy systems to the more agile, SOA-based next-generation banking platforms.
"CGI is pleased to be a member of BIAN," said Jame Cofran, Senior Vice-President, Global Banking & Financial Markets at CGI. "By contributing our expertise in building enterprise-wide SOA banking applications, CGI will join with other BIAN members in defining a standard framework for the next generation of SOA solutions. As a result, the industry can move towards a more flexible and responsive business platform."
BIAN was created in the spring of 2008, as a successor of SAP's Industry Value Network for Banks (IVN) originally created in 2005, and now operates as an independent non-profit organization. BIAN will soon be publishing first work products including SOA Building Blocks, Architecture Foundation and Methodologies, a banking specific Service Landscape and services from different areas like Sales and Services, Operations and Execution and Analytics.
BIAN is an open and independent not-for-profit association, founded in April, 2008. It currently comprises 22 members of the Financial Services Industries including banks, software vendors and service providers. BIAN is focused on the standardization and promotion of banking specific IT services amongst and beyond its members. Website: www.bian.org.
Founded in 1976, CGI Group Inc. is one of the largest independent information technology and business process services firms in the world. CGI and its affiliated companies employ approximately 27,000 professionals in over 100 offices across 16 countries. CGI provides end-to-end IT and business process services to clients worldwide from offices in Canada, the United States, Europe, Asia Pacific as well as from centers of excellence in North America, Europe and India. CGI's annual revenue run rate stands at $3.8 billion and at June 30th, 2008, CGI's order backlog was $12.03 billion. CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB) and are included in the S&P/TSX Composite Index as well as the S&P/TSX Capped Information Technology and MidCap Indices. Website: www.cgi.com.
SOURCE CGI GROUP INC.