Invitation to participation in the FIBO W3C Community Group [via Financial Industry Business Ontology Community Group]

Dear All,
We are very glad to see such a large number of enthusiasts in the W3C FIBO
Community Group. Before publishing the Charter of our group, please let us
explain the goal of the group, as well as its actions that are to be expected in
the near future.

FIBO™ is the conceptual business ontology standard for the Finance Industry.
FIBO™ provides a description of the structure and contractual obligations of
financial instruments, legal entities, market data and financial processes.
FIBO™ is released as a series of standards under the technical governance of
the EDM Council. FIBO™ is being published as a family of specifications by the
Object Management Group.

It is perhaps less clear what fibo.schema.org is and what are its goals.
Firstly, let us explain that schema.org is a collaborative, community-based
initiative whose mission is to create, maintain, and promote schemas for
structured data on the Internet, on web pages, in email messages, and beyond.

Secondly, fibo.schema.org is intended to belong to the group of "Reviewed/hosted
Extensions" of schema.org. As such, if accepted, it will share types and
properties with the "core" of schema.org.

In February 2015 the EDMC started a schema.org FIBO Content Team under the
leadership of David Newman, SVP, Wells Fargo Innovation Group, who chairs the
FIBO initiative, and Dennis Wisnosky, Founder, Wizdom Systems, who is the senior
advisor to the Council. The FIBO Content Team, which included member volunteers
of the EDMC, intended to identify a set of requirements that would drive
recommendations for new financial terms and concepts to be proposed to
schema.org that would also align with FIBO.

In September 2015 the EDMC engaged Mirek Sopek, founder and vice-CEO of MakoLab
SA and members of his international team (Martin Hepp, Richard Wallis, Dominik
Kuzinski, Robert Trypuz, Piotr Goetzen and Adam Lis) to further develop these
recommendations and to prepare the necessary content and artefacts needed to
successfully deliver a formal submission to schema.org that will be approved.

In November 2015, with support from the EDMC team, the group created this W3C
Community Group in order to encourage more specialists, particularly from the
banking industry, to join an open discussion about the best form and content of
the extensions.

The current plan for the group is to propose a certain minimal set of types and
properties describing basic financial products to be included into
schema.org’s “core” vocabulary. This process will deliver a set of basic
terms that shall enable webmasters to describe the most important financial
products on their websites, and in other forms of digital communication.
Immediately after this proposal, the group will propose a hosted extension
(fibo.schema.org) that will contain much more types and properties that satisfy
the needs of more advanced users.

Compliance with the FIBO Ontology will be sought during all the stages of the
extensions’ creation. This may involve references to existing FIBO classes and
properties, as well as proposals to the FIBO team to add certain new terms to
FIBO.

We will soon publish the first result of this work – the proposal of terms to
be included in schema.org’s core and will start the open discussion about it
here. We are looking forward to your active participation and fruitful
discussions.
The Community Chairs:
David Newman, Dennis Wisnosky, Mirek Sopek



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This post sent on Financial Industry Business Ontology Community Group



'Invitation to participation in the FIBO W3C Community Group'

https://www.w3.org/community/fibo/2015/12/04/invitation-to-participation-in-the-fibo-w3c-community-group/



Learn more about the Financial Industry Business Ontology Community Group: 

https://www.w3.org/community/fibo

Received on Friday, 4 December 2015 02:10:06 UTC