Enabling More Efficient and Flexible Reporting Through Semantic Ontologies and FIBO

摘要

Financial institutions face a new world order of mass regulation and ever more demanding queries from regulators, which strain legacy systems and require a large amount of time and effort to piece together. For their part, regulators currently have to work to homogenize the data they receive in terms of formatting and aggregation. Given these challenges as well as the requirements of BCBS 239, there is a significant demand from regulators to be supplied with homogenous data and from financial institutions for an alternative to the development of data lakes and warehouses and IT architecture redesign.