FinTech Alliance company Thought Machine has joined the Banking Industry Architecture Network (BIAN) to promote a common banking framework.
Thought Machine provides cloud native core banking technology for banks to help them move away from legacy tech.
BIAN is a nonprofit that promotes and provides a common framework of banking from standards to technology.
Thought Machine will ensure its platform Vault complied with BIAN standards.
What does this mean?
BIAN and Thought Machine share a common vision to strengthen the banking industry through common standards. They want to promote modern banking infrastructure and will work with banks, technology providers and others in the industry.