Tietoevry Banking, a leading provider of financial SaaS solutions, has announced its membership in the Banking Industry Architecture Network (BIAN). This strategic move aims to drive the company’s international growth, advance the modernization of the banking sector, and foster collaboration with multi-vendor networks using global standards.
This announcement follows Tietoevry Banking’s recent partnership with Tapster, which sought to expand wearable payment technology across Europe. By integrating Tapster’s contactless payment solutions, Tietoevry Banking empowers European financial institutions to offer enhanced payment options. Meanwhile, Tapster benefits from reaching a broader customer base, supporting banks in delivering innovative, user-centric payment methods.
Advancing Banking with BIAN
BIAN provides a collaborative platform where banks and software vendors develop regulatory-compliant, interoperable financial services. As a new member, Tietoevry Banking joins a network dedicated to fostering innovation through open standards and seamless integration across the financial ecosystem.
By engaging in BIAN’s specialized working groups, such as those focused on payments, lending, and transaction banking, Tietoevry Banking can actively contribute to shaping future industry standards. This collaboration enhances the company’s ability to deliver cutting-edge solutions aligned with regulatory requirements and emerging trends.
Tietoevry Banking’s Growth Strategy
Aligning with its vision to deliver modular and customer-centric banking solutions, Tietoevry Banking sees its BIAN membership as a pivotal step in its development strategy. The company aims to leverage Open Banking opportunities and embedded finance to provide secure, compliant, and innovative services that meet evolving customer demands.
Representatives highlighted how ecosystem-based collaboration can streamline software integration, enabling banks to create value-rich experiences for end-users. They noted that trends like Open Banking, Embedded Finance, and Banking-as-a-Platform are reshaping financial services by enabling diverse players—banks, vendors, and non-financial entities—to embed financial products seamlessly into the customer journey.
Tietoevry Banking’s involvement with BIAN reinforces its commitment to staying at the forefront of banking innovation. By continuously enhancing its offerings and participating in global collaborations, the company ensures that its clients benefit from secure, scalable, and future-ready solutions.
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