on: April 25, 2016, by: Ann Kelly
Financial institutions around the world struggle to establish a common vocabulary that describes the structure and contractual obligations for financial instruments, legal entities and financial processes. The EDM council has developed the Financial Industry Business Ontology (FIBO); a framework that provides a consistent vocabulary, which organizations use to harmonize their data across repositories to support risk analysis and business process automation.
In a world where organizations have more information than they can easily manage, the ability to keep up and comply with an ever-changing regulatory landscape is difficult. The ability to manually identify, categorize and manage unstructured information within the enterprise is unfeasible.
Semaphore, Smartlogic’s semantic platform, helps organizations take the FIBO vocabulary and put it work within the enterprise. With Semaphore Ontology Editor you can quickly import the FIBO vocabulary and build it out to reflect the unique characteristics of your organization. The vocabulary can then be exposed to applications across the enterprise and used to drive precise and consistent metadata tagging so that content intensive processes and workflows can be improved. With Semaphore and FIBO the cost of regulatory reporting is reduced and compliance ensured.
To discover how you can use Semaphore and FIBO in your enterprise download our complimentary whitepaper now.
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