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FIB-DM Semantics for Midsize Banks

The class provides an overview of the FIBO Data Model for smaller and mid-sized financial institutions. The target audience is not strictly limited to the licensing segment of assets valued at less than $20 million. While every bank and data architecture team is different, challenges and solutions apply to most banks of similar size and semantic technology sophistication. The lecture gives an overview of the Financial Industry Business Ontology, its creators, the EDM Council and Object Management Group, and the ontology-derived data model, FIB-DM. We explain Semantic Enterprise Information Architecture SEIA, FIB Concept Maps, and the Data Model Packages. FIB-DM is the path for midsize banks for SEIA.