SAP (West Chester, Pa.) has lined up several banks to participate in its Industry Value Network for Banks, a consortium that will define business processes that can be shared between network members, deployed as components of a service-oriented architecture (SOA). The participating banks announced last month are ABN Amro, Absa, Barclays, Banco Bilbao Vizcaya Argentaria, Credit Suisse, Deutsche Postbank, ING, and Standard Bank.
The idea is to identify business processes that do not add strategic advantage for banks, and then make these processes available as a networked resource so that participating banks can accomplish them at a lower cost.
