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Need for standardisation remains strong
As the recent banking crisis has shown, it is becoming necessary to introduce increased standardisation across the banking industry to introduce industry fail-safes and tougher compliance regulations.
While complying with these mandates may seem daunting, FERNBACH's objects4lending can help your bank create opportunities to make improvements that go beyond mere compliance to increase the efficiency and predictability of your business processes. Industry standardisation, which is strongly enforced by FERNBACH, can spur productivity, enhance customer service and boost return on technology investments.
FERNBACH supports the following standardisations within the banking sector:
BIAN (Banking Industry Architecture Network): An independent, member-owned, not-for-profit association to establish and promote a common architectural framework for banking interoperability issues.
SOA (Service Oriented Architecture): An IT infrastructure composed of collections of reuseable solutions and having common business processes available in a central repository.
BPM (Business Performance Management): A set of management and analytical processes that enable the performance of an organisation to be managed with a view to achieving a common goal.