[May 19, 2015] |
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IFX Forum Elects Directors from Bank of America, FIS; Launches New BIAN Services Working Group
The IFX
Forum has announced the kickoff of its newest initiative, the BIAN
Services Working Group, which took place at the Forum's recent Annual
Meeting. This effort follows up on the Proof of Concept jointly
developed by BIAN
and the IFX Forum in 2013 and is a direct response to member interest in
proceeding to the next logical steps from the promising results of that
initiative.
The BIAN Services group will work closely with the IFX Forum's
Architecture Committee and its Service Oriented Architecture Working
Group, to help define changes to the architecture, framework and content
necessary to support BIAN services.
"The IFX Forum and BIAN are leaders in standardization in the banking
industry, and both organizations have strength and roots in Service
Oriented Architecture," said Urban. "It's no surprise, then, that we
have many member companies in common, nor is it unexpected that these
members have a strong desire to bring to market the fruits of efforts
made in both standards. I invite any company that shares these interests
to join the IFX Forum and participate in this significant new endeavor."
Specific activities the BIAN Services WG will undertake include:
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Creating a more detailed mapping of the current IFX Business Message
Specification to the current BIAN Service Landscape
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Crating defined service interfaces - i.e., working code - in the form
of IFX services that implement chosen capabilities from the BIAN
Service Landscape
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Defining and documenting best practices for implementing BIAN services
using IFX
Additional details about the new group's activities are available on the
IFX Forum website.
The group's 2015 Annual Meeting took place April 27-29 in Wakefield,
Massachusetts, USA. Participants included members and guests from eight
countries and five continents. At the event, member companies'
representatives re-elected Director Terri Willis of Bank of America
Merrill Lynch, and elected Charles Washburn of FIS, both to terms
expiring in 2018. The new Board then re-elected Chairman Richard DuVall
of ACI Worldwide, Inc., Secretary Mark Tiggas of Wells Fargo Bank, and
Treasurer Victor Dossey of Microsoft (News - Alert) Corporation.
The IFX Business Message Specification is available at no charge at http://bms.ifxforum.org/.
The Forum also hosts a free IFX
Discussion Forum, where knowledgeable Forum members and other
subject matter experts will answer IFX-related questions from the public.
About the IFX Forum
Founded in 1997, the Interactive Financial eXchange (IFX) Forum is an
international not-for-profit industry association whose mission is to
develop IFX and promote its adoption as an open, interoperable standard
for financial data exchange, suitable for use by all sectors of the
financial services industry. The IFX Forum also promotes
interoperability of industry standards by working cooperatively with
other standards organizations and consortia.
Forum membership is open to all organizations interested in contributing
to the development of open financial standards. Forum members include
financial institutions, hardware, software and service firms, and
related non-profit groups. IFX Forum Working Groups, in concert with an
Architecture Committee to coordinate their efforts, develop open
Internet-compatible messages for all sectors of the financial services
industry. More information about IFX and the benefits of IFX Forum
membership can be found at www.IFXForum.org.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150519005575/en/
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