Applying FIBO for Operational Benefit: An exploration of FIBO’s semantic capabilities for various financial use cases

This presentation will explore example semantic capabilities and design patterns within FIBO that can be used to support financial industry use cases including operational techniques ranging from semantic reasoning to SPARQL queries. Some of the use cases that will be covered include:

Generating an enterprise vocabulary to support BCBS-239 risk data aggregation
Identifying companies that are considered Regulation W affiliates
Constructing ownership and control hierarchies of business entities for counterparty risk
Identifying network models for systemic risk analysis

David Newman is Senior Vice President and Strategic Planning Manager for the Innovation Group at Wells Fargo Bank. David chairs the Financial Industry Business Ontology (FIBO) program for the Enterprise Data Management Council, which is an industry-wide initiative to develop semantic knowledge bases for the financial industry. FIBO is being developed as the next generation global financial data standard. At Wells Fargo, David provides leadership for innovation initiatives that utilize emerging technologies that will have positive impact upon Wells Fargo’s customers and internal operations. David’s area of concentration is the application of machine intelligence technologies to financial services. This includes a focus on semantic technologies, machine learning, natural language processing, and graph analytics. David also leads the Semantic Technology Community of Interest at Wells Fargo. David is a frequent speaker at technology, academic and financial industry conferences. David holds an MBA in Information Technology and an MSW in Psychiatric Social Work.