By tapping into industry collaboration offered by BIAN members, HSBC will be able to focus on priorities that will best serve its customers’ needs both now and in the future.

As the financial services sector continues to adapt to new and existing regulations, worldwide banks like HSBC need to ensure their systems are highly-resilient, operate at scale and are able to deliver change at pace.

Due to the scale of its business, serving over 40 million customers across 64 countries globally, HSBC is set to bring collective knowledge of many technologies and techniques to the network, meaning that BIAN’s members can benefit and learn from their experience.

Additionally, BIAN, a non-profit organisation that looks to establish and promote a common architectural framework for the banking sector, will look to benefit from HSBC’s international perspective and regional knowledge.

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“The continuous improvement of our IT architecture is a crucial enabler of excellent customer experience and growth,” said Dan King, chief technology architect at HSBC.

“Our customers come first, and keeping up with their needs is essential and highly-dependent on our IT systems.

“One of BIAN’s main selling points is its coreless banking initiative, which promotes a more efficient and effective approach to modernising banking software.

“This initiative is incredibly interesting to us, as we look to future-proof our technology architecture.”

Steve Van Wyk, BIAN board member and global CIO at HSBC, added: “As the chair of BIAN’s Executive Board, I am hugely passionate about the role BIAN plays across the industry, and I am excited to welcome my colleagues at HSBC to the organisation.

“As an industry, we have common challenges, and by collaborating, we can overcome them to create an even more resilient and innovative sector.”

Hans Tesselaar, executive director of BIAN, commented: “We’re proud to welcome HSBC to our growing organisation. As we continue to drive innovation across the industry, our members will undoubtedly benefit from HSBC’s wealth of experience and expertise.

“Collaboration is truly key to the success of our industry, and I look forward to our future, with our members by our side.”