Eighteen of the world's largest financial institutions formed an alliance yesterday to create standards for network computing.
The banks, which were joined by Sun and IBM, called on all leaders in the NC market to join them and create specifications, practices and management strategies for implementing a network computing model.
Founder members of the Client Networking Computing Coalition (CNCC) include Bank of America, Natwest Bank of the UK, Royal Bank of Canada and Switzerland's ABN Amro. 14 further international financial institutions and five IT vendors, as yet unnamed, have signed letters of intent to join.
Analysts said this is one example of large users trying to wrest control of technological directions from the political machinations of their suppliers. The goal is to drive forward practical implementation of network computing in as short a time frame as possible in the financial world, with the main aim being to reduce cost of ownership.
"We cannot sit back while the industry goes forward with tentative steps towards a series of standards that may take years to become reality and which may not be specific to our requirements at all," said a CNCC spokesperson.
Once the group has identified its needs and outlined its standards and specifications, it will challenge vendors to deliver the goods.
The first phase of the work, to be detailed next month, consists of a series of pilot projects, to identify pitfalls and success factors by sharing experiences among the members. They believe their 'fast track' creation of de facto standards will also be useful for other vertical markets.
The results of phase one will be publicly presented at the IT Horizons 97 conference, sponsored by Uniforum, in San Jose, California on 9 June.
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