In this episode, Hans Tesselaar, Executive Director of Banking Industry Architecture Network (BIAN) and Saket Sinha, Sr. Partner & Global Vice President - Financial Services IBM, explain the role and impact of BIAN in the financial industry.

They introduce the organisation as a not-for-profit standards body to make the financial industry more agile and standardised.

They discuss IBM's collaboration with BIAN to convert legacy banking systems into modern architectures using common standards.

Hans and Saket elaborate on how ΒIΑΝ's framework, which includes a "periodic table" of financial components and common APIs, helps banks and fintechs seamlessly integrate and innovate. Highlights include the analogy of BIAN's components to a periodic table and real-life AI use cases that showcase the practical applications of BIAN standards.

Both guests emphasise the importance of adopting common standards for efficient financial integration and future advancements such as embedded finance and Gen AI.