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 such as
RDF/OWL and widely adopted OMG modeling standards such as UML.
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 by providing clear
and unambiguous meaning of data from authoritative sources
FIBO News - July 7, 2014
During the June 2014 OMG meeting, the Financial Industry
Domain Task Force unanimously voted to submit FIBO Indices and
Indicators (FIBO-IND) to the Architecture Board to be voted on
as the first step in the OMG standards ratification process.
FIBO-IND joins FIBO Foundations and FIBO Business Entities in
the OMG process. Discover what else happened during the most
recent Task Force meeting here.