Financial business ontology

  • What is FIBO data model?

    Financial Industry Business Data Model – The Financial Industry Business Data Model (FIB-DM) is a relational standard derived from the reference ontology for banks and investment companies..

  • What is financial industry business ontology?

    The Financial Industry Business Ontology (FIBO\xae) defines the sets of things that are of interest in financial business applications and the ways that those things can relate to one another..

  • Financial Industry Business Data Model – The Financial Industry Business Data Model (FIB-DM) is a relational standard derived from the reference ontology for banks and investment companies.
  • The variety of services offered by lending institutions, brokerage firms, and other businesses are collectively referred to as the financial services sector.
    The financial services sector is comprised of banking, mortgages, credit cards, payment services, tax preparation and planning, accounting, and investing.
Definition. The Financial Industry Business Ontology is a business conceptual ontology developed by the members of the EDM Council. FIBO provides a description of the structure and contractual obligations of financial instruments, legal entities and financial processes.
Definition. The Financial Industry Business Ontology is a business conceptual ontology developed by the members of the EDM Council. FIBO provides a description of the structure and contractual obligations of financial instruments, legal entities and financial processes.
FIBO is developed as an ontology in the Web Ontology Language (OWL). The language is codified by the World Wide Web Consortium (W3C), and it is based on  FIBO ViewerFIBO Ontology ToolsFIBO-DMFIBO Products
The Financial Industry Business Ontology (FIBO) defines the sets of things that are of interest in financial business applications and the ways that those  FIBO ViewerFIBO Ontology ToolsFIBO-DMFIBO Products
The Financial Industry Business Ontology (FIBO) defines the sets of things that are of interest in financial business applications and the ways that those 

What are conceptual ontologies?

Conceptual ontologies are the cornerstone of any mature data-intensive development.
They provide the means to validate that data models conform to business requirements.
Conceptual ontologies may also be used in integration and mapping, to provide the ‘Hub’ in a ‘Hub and Spoke’ mapping approach.

What is OMG Finance DTF?

Mission of OMG Finance DTF is to promote the use of financial services standards such as:

  • Financial Industry Business Ontology® (FIBO®)
  • Financial Instrument Global Identifier® (FIGI®) and semantics across corporate and regulatory landscapes.
    FIBO defines financial industry terms, definitions and synonyms using semantic web principles.

    • What is the difference between BCO and operational ontology?

    That is, while the class-level information in the operational ontology is precisely the same as that in the Business Conceptual Ontology (BCO), these are populated with physical instance data in a physical application environment.

    What is the financial industry business ontology (FIBO)?

    The Financial Industry Business Ontology (FIBO) defines the sets of things that are of interest in financial business applications and the ways that those things can relate to one another.
    In this way, FIBO can give meaning to any data (e.g., spreadsheets, relational databases, XML documents) that describe the business of finance.


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