Turning Financial Industry Standards into business solutions and technical answers.

Thematix uses financial industry standards to create regulatory compliance and risk management solutions for banks and financial institutions of all sizes, domestic and global. We meld business architecture with semantic technologies to derive financial vocabularies, data schemata, and data governance and operational solutions, using industry standards as foundations and templates for custom solutions. We call this practice “Business Architecture and Applied Semantics” (or “BAAS”). BAAS serves to increase revenue opportunities, provide competitive advantage, satisfy regulatory oversight and compliance, and provide other productivity and cost savings.

Our leadership and has been instrumental in the creation of two essential industry standards, in particular: FIBO and FIGI:

• Financial Industry Business Ontology® (FIBO®) A joint effort by OMG and Enterprise Data Management (EDM) Council, FIBO is an industry initiative to define financial industry terms, definitions and synonyms using semantic web principles such as RDF/OWL and widely adopted OMG modeling standards such as UML. FIBO®* will contribute to transparency in the global financial system, aid industry firms in providing a cost-effective means for integrating disparate technical systems and message formats, and aid in regulatory reporting by providing clear and unambiguous meaning of data from authoritative sources.
• Financial Instrument Global Identifier® (FIGI™) Many of the systems in use today across securities industry have been built around proprietary, closed methodologies for identifying financial securities. Hundreds of symbologies are in use, with companies often using various classification methods to name and manage financial securities and map contextual information about these securities during the trade negotiation, execution, settlement, and clearing process. Supporting multiple identifiers methodologies can make data management and integration more costly and redundant. FIGI removes this obstacle by specifying the structure and semantics of Global Identifiers, how they are constructed and validated, and their relationship with other financial information. (Source: http://www.omg.org/hot-topics/finance.htm)

It is these standards and others (such as ISO 704 and 1087) that form the basis for our BAAS work — why start at ground zero when decades of person-hours have already created a foundation on which you can build?

Learn more about BAAS. Ask Questions. Free Consulting.

Every Wednesday at 3:00-3:30pm EDT/12:00-12:30pm PDT, Thematix will be hosting a lightening talk plus Questions & Answers. These presentations are generally non-technical in nature and have the objective of offering thoughts and insights that can be applied to operations. These are our tentative topics, subject to change. Please submit questions in advance on any topic related to FIBO and FIGI. Please contact us if you would like to participate.

• September 14: Business Architecture: The Basics by Jim Rhyne with guest William M. Ulrich
  Add to Calendar 08/21/2016 09:00 AM08/21/2016 11:00 AMAmerica/New_YorkSummary of the eventDescription of the event
  Example of a new lineLocation of the eventOrganizerOrganizer e-mailhttps://www.facebook.com/events/703782616363133falseMM/DD/YYYYakbFCrTqizLONoBrimZw19805

   

• September 21: FIGI and the implications to Financial Institutions by Elisa Kendall with guest Richard Beach, Bloomberg
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• September 28: Applying Semantics to Everyday Business
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  Example of a new lineLocation of the eventOrganizerOrganizer e-mailhttps://www.facebook.com/events/703782616363133falseMM/DD/YYYYakbFCrTqizLONoBrimZw19805

   

• October 5: Getting started with FIBO
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  Example of a new lineLocation of the eventOrganizerOrganizer e-mailhttps://www.facebook.com/events/703782616363133falseMM/DD/YYYYakbFCrTqizLONoBrimZw19805

   

• October 12: FIBO Tools and Techniques
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• October 19: Understanding the Standards with guest Dr. Richard Soley, OMG
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  Example of a new lineLocation of the eventOrganizerOrganizer e-mailhttps://www.facebook.com/events/703782616363133falseMM/DD/YYYYakbFCrTqizLONoBrimZw19805

   

• October 26: Applying Business Architecture for Innovation
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  Example of a new lineLocation of the eventOrganizerOrganizer e-mailhttps://www.facebook.com/events/703782616363133falseMM/DD/YYYYakbFCrTqizLONoBrimZw19805