Financial Industry Business Data Model – The Financial Industry Business Data Model (FIB-DM) is a relational standard derived from the reference ontology for banks and investment companies

*** October release derived from FIBO 2023/Q3 – 2,969 entities – new packages for Asset-Backed Securities, Student-, and Consumer Loans ***

FIB-DM is a complete model transformation of FIBO, the Financial Industry Business Ontology. Working with major financial institutions, the Enterprise Data Management Council created FIBO as the open-source industry-standard for financial concepts, their relationships, and definitions.

Jayzed Data Models Inc., a US corporation, derived FIB-DM with CODT, our patent-pending Configurable Ontology to Data-model Transformation.

FIBO in Data Modeling tools — FIBO in PowerDesigner, ERWin, Sparx EA, ER/Studio, Visual Paradigm and other data modeling tools.

With 2,969 normative entities released in October 2023, FIB-DM is by far the most extensive reference Enterprise Data Model for Banks, Investment Companies, and their Regulators.

There is a chasm between semantic and conventional data management. The EDM Council specified the FIBO in Ontology Web Language (OWL), a powerful semantic language that fully encompasses the Entity-Relationship meta-model. However, that is a barrier for Data Architects and Financial Institutions, because OWL has a gradual learning curve and Ontologists with Finance domain experience are rare. Furthermore, semantic technologies require heavy investment in tools, platforms and specialized databases

Ontologist and Data Architect unite at Bridge across the chasm. — The bridge across the chasm unites Ontologists and Data Architects

The Financial Industry Business Data Model is the bridge from semantic to conventional data management. We took the industry standard ontology and made it available in SAP PowerDesigner, and you can migrate to other data modeling tools. Data Architects can use FIB-DM as an Enterprise reference model and directly derive models from the blueprint.

Semantic Enterprise Information Architecture places the ontology at the apex of model-driven development and derives models for data, message, object, and process..

Semantic Enterprise Information Architecture.

Ontologists, Data Architects, and Developers use common names, definitions, and design patterns across the enterprise.

The FIBO Data Model has a clear and concise design, fully mapped back to the source ontology, with more than one hundred Package, Hierarchy, and Concept diagrams.

A dependency diagram for the base (root-level) packages in FIB-DM. — Base Packages diagram

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