An overview and introduction to the FIBO Data Model and its application as an Open Banking accelerator.
This presentation was for an overview meeting with a large European bank. I replaced the bank’s logo and name with a generic one.
You can watch the video and download the Semantics for Large Banks (PDF).
Text of the presentation
Semantics for Large Banks
Semantics for Large Banks
An overview and introduction to the FIBO Data Model
Its application as an Open Banking accelerator.
*This presentation was for an overview meeting with a large European bank. I replaced the bank’s logo and name with a generic.
F Finance key point 1
https://fib-dm.com
FIB-DM training
You should have completed Semantics for Managers, Project Architects, and Finance Users with the 15 Concepts.
The Education path shows 3 lessons for midsize, large, or very large banks.
- The classes are fully applicable to other Financial Institutions.
- The asset size is just a rough indicator. The XL class covers the Transformation Technology.
- This class has an Open Banking example.
Every bank is different.
In practice, we cover all three lessons and move faster when content repeats or is not critical.
F Finance key point 2
EDM Council and Object Management Group
Global Association of over 200 Financial Institutions (FI).
- Data Management
- Data Standards. DCAM FIBO
Over 220 member organizations. Standards development (UML, BPML, DDS, SysML) CommonsOntology Library
The Enterprise Data Management Council acquired the Object Management Group (OMG) effective 1 October, 2025, creating the world’s largest non-profit trade standard-setting body for data management.
F Finance key point 3
FIBO is a business model and a schema
“The Financial Industry Business Ontology (FIBO) is a business conceptual model developed by our members to describe how all financial instruments, business entities, and processes work in the financial industry.” (EDM Council)
The council specifies the model in Resource Description Framework Schema and Ontology Web Language, RDF/OWL.
The ontology enables you to specify sample data values and complex constraints beyond the Conceptual Data Model.
F Finance key point 4
FIBO is the authoritative model concepts, their definitions, and
of Financial Industry relations.
EDMC members, mainly large banks and Investment Companies, developed the Financial Industry Business Ontology (FIBO), a business conceptual model.
2435 classes detail loans, financial instruments, business entities, and processes. The FIBO imports OMG Commons as an upper ontology.
The Financial Industry Business Data Model (FIB-DM) has 3,173 entities and includes the complete FIBO semantics and documentation.
Jayzed created the FIB-DM using its patented (US 12,038,939) Configurable Ontology to Data model Transformation (CODT).
F Finance key point 5
There is a chasm between semantic conventional data management.
The EDMC specified FIBO in Ontology Web Language (OWL).
FIBO is comprehensive with detailed coverage of business entities, loans, securities, derivatives, and indicators.
Large financial institutions started implementations on RDF (“triple”) stores
and
OWL needs highly specialized ontologists.
Many banks and investment managers don’t have the expertise inhouse.
IT-departments must still support and design conventional databases.
F Finance key point 6
FIB-DM is the bridge across the chasm.
in
The Industry Standard is available in your Data Modeling tool.
F Finance key point 7
FIBO and FIB-DM are the Industry Standard
The Enterprise Data Management Council endorses the FIBO Data Model on its website
Three thousand five hundred users and 162 banks downloaded the Open-Source core version.
ELB Data Architecture team downloads the PowerDesigner model.
F Finance key point 8
Semantic Enterprise Information Architecture
Use Type FIB-CM RDF FIBO OWL Level
Business Conceptual FIB-UM Enterprise FIB-DM
Design Logical
Data Model
Department
Physical
Development RDBMS
Implementation
RDF Project
Data Message Process Object
Semantic Model-Driven Development, common names, definitions and design patterns.
F Finance key point 9
The Path to SEIA
Immediate ROI using the FIBO content and design patterns from day one.
2026, adopt the Industry Standard, FIBO Data and Concept Model
2027, train data architects in OWL. Customize FIBO to become your Enterprise Ontology
2028, Semantic Enterprise Information Architecture
Easy to learn a new language, OWL, and tooling, if you already know the content and design.
F Finance key point 10
Financial Industry Business Data Model
= in
(and other data modeling tools)
- Financial Industry Business Data Model of 3,173 Entities, complete definitions, annotations, and axioms (business rules).
- Data Architects leverage the full content of the Industry Standard.
- Common Language and design patterns for Semantic & Relational data.
F Finance key point 11
The ontology transformed into a data model leverages the design for relational databases.
FIBO RDF OWL
FIB-DM Data Model
Configurable Ontology to Data-model Transformation
Semantic Triple Store Relational Database
The RDF-Store is for knowledge and analytics – not for transaction processing, core banking
Data Architect 12
Atlantic is the way to Semantic EIA and MDD
2025/Q4
Full
release
3,173 entities
The world’s largest data model.
Configurable Ontology to Data model Transformation (CODT)
F Finance key point 13
FIB-CM 15 concepts name, icon, and abbreviation
90% of FIB-DM entities are a subtype of the concept entity
SIT Situation
A Agent
OCC Occurrence
R Role
ASP Aspect
TE Temporal Entity
D Designation
SP Specification
DOC Document
CST Constituent
ARR Arrangement
SQ Scalar Quantity
COL Collection
M Measure
ACT Account
https://fib-dm.com/semantics-for-finance-users/
Enough to visualize design in user-friendly concept maps
F Finance kuesyerpoint 14
Open Banking example
European Union: Revised Payment Services Directive, PSD2
The standard PSD2 diagram shows the four actors and their relations.
National Competent Authority
certifies enrolls
In the FIBO, they are a Role.
The FIB concept maps use the mask as a symbol.
uses Requests payment
Payment Service User
Third Party Provider
validates
Account Servicing/ Payment Service Provider
F Finance key point 15
Expanding the scope
identifies
Photo ID number
All Roles have an identity, the Agent.
Person
Has Identity
Bank
ELB Itau
The payment user is a Person. The Photo ID, a Reference, identifies her.
uses
Requests payment
Third Party Provider
Account Servicing/ Payment Service Provider
An Agent can have many roles.
It may also be a third-party provider requesting information from another bank.
F Finance key point 16
The concepts and vocabulary establish a direct correspondence between the map and the data model.
Legal Entity
Identifier
Monetary has Issued Capital Amount
Country
has Country
has Legal Address
Stock Corporation
Plays Role
Physical Address
Registration registers Authority
Depository Institution
Is registered In
FDIC Certificate Number
FDIC Registry Entry
Data Architect 17
Transparency for your FIB-DM evaluation
Explore the PowerDesigner Model
Semantics for Data Architects Study the Education resources
Examine the 2025/Q4 Full Model content
Review license, maintenance, and pricing
F Finance key point 18
Thanks,
and enjoy ELB the ride
Semantics for Finance Users explains the 15 fundamental concepts for non-technical audiences.
Scoping our first data model transforms a concept map into PowerDesigner and creates a project model.
https://www.youtube.com/c/fibdm https://fib-dm.com/
F Finance key point 19