Difference between revisions of "Financial Industry Business Ontology"
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Latest revision as of 19:22, 5 October 2019
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 used for harmonization of data across repositories as a common language (i.e. Rosetta stone) for risk analysis and business process automation. FIBO is expressed in the triplestore language of the Web (RDF/OWL) for machine readable inference processing and UML for people readable analysis.
