A joint effort by OMG and the
Enterprise Data Management (EDM) Council, the Financial
Industry Business Ontology (FIBO) is an industry initiative to
define financial industry terms, definitions and synonyms using
semantic web principles and widely adopted OMG modeling
standards. A financial industry ontology, such as FIBO, will
contribute to transparency in the global financial system, aid
industry firms in providing a cost-effective means for
integrating disparate technical systems and message formats, and
aid in regulatory reporting.
At OMG’s September 2013 meeting, the Finance Domain Task
Force issued a Request for Comment (RFC) for a FIBO Foundation
comments by November 11th, 2013.
To view the RFC documents, click