The banking industry is being promised an improved software project working environment with the integration of two different major standards.

The Banking Industry Architecture Network (BIAN) and The Open Group are integrating their individual industry frameworks for specific use in the banking industry. "Mapping together these frameworks will accelerate project delivery while dramatically reducing IT integration costs", said the pair.

BIAN and The Open Group have produced a white paper in which the core elements of the two individual frameworks have been projected onto each other. "This is a practical document which will be used by enterprise architects within banks and the vendor community who wish to reap the benefits of both architecture frameworks," they said.

They said there are clear synergies in using BIAN's Service Landscape in combination with TOGAF, The Open Group's Architecture Framework. TOGAF will be used to speed up project work when the Service Landscape is used.

Hans Tesselaar, executive director of BIAN, said: "The Open Group is a serious heavyweight in architectural standards. The banking industry can now take another step towards interoperability."

Both organisations promote standards that are not vendor dependant and which allow banks to work towards a service orientated archictecture (SOA). The Open Group recently published two new industry standards that enable businesses to integrate SOA and cloud computing into their enterprise infrastructure.