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What is FIBO

The Financial Industry Business Ontology (FIBO) defines the sets of things that are of interest in financial business applications and the ways that those things can relate to one another. In this way, FIBO can give meaning to any data (e.g., spreadsheets, relational databases, XML documents) that describe the business of finance.

FIBO is hosted and sponsored by the Enterprise Data Management Council (EDMC) and is published in a number of formats for operating use and business definitions. FIBO is a trademark of EDM Council, Inc. It is also standardized by the Object Management Group (OMG).

FIBO is developed as an ontology in the Web Ontology Language (OWL). The language is codified by the World Wide Web Consortium (W3C), and it is based on Description Logic. The use of logic ensures that each FIBO concept is framed in a way that is unambiguous and that is readable both by humans and machines.

EDM Council

FIBO concepts have been reviewed by EDMC member firms over the years and represent a consensus of the common concepts as understood in the industry and as reflected in industry data models and message standards.

A number of companies and people have made substantial contributions to FIBO over the years. These include 88 Solutions, Adaptive, Inc., BIAN, Bloomberg LP, Bureau of Economic Analysis (BEA, US Department of Commerce), Bureau of Labor Statistics (BLS, US Department of Commerce), Census Bureau (US Department of Commerce), Citigroup, Commodities Futures Trading Commission (CFTC), Credit Suisse, Deutsche Bank, Exprentis, Federal Reserve Bank of Kansas City, Goldman Sachs, HP Enterprise / Mphasis, MakoLab, Mizuho, NoMagic, Nordea Bank AB, Office of Financial Research (US Dept of the Treasury), Pinnacle Bank (Morgan Hill, California), Quarule, State Street Bank and Trust, Statistics Canada, Tahoe Blue Ltd, Thematix Partners LLC, Wells Fargo, and Working Ontologist.

Mission

Since January 2020, EDMC FIBO has been developed by an open community process with a mission to develop, maintain, and promote global platform-independent, machine-readable and unambiguous data standard that enables understanding of the financial terminology, cross-system federation and aggregation of data to improve effectiveness of decisions, to improve efficiency in regulatory reporting and to fast-track the adoption of advanced analytical capabilities for financial services.

How to contribute

The FIBO development process follows rigorous and well-defined rules and principles.

FIBO activities and development process are organized via two groups: the FIBO Steering Group and the FIBO Community Group.

Since January 2020, the FIBO GitHub repository is the main platform for the FIBO Community Group discussion. Please read READ.md for details.



TEAM WIKIS

Leadership Team

FLT - FIBO Leadership Team
Documentation and other materials for the FIBO Leadership Team.
FLT - FIBO FTF OMG
Documentation and other materials for the FIBO Leadership Team.

Process Team

FPT - FIBO Process Team
Collaborate on the FIBO Development Process and Methodologies.
FPT - BTDM
Documentation and other materials for the team.
FPT - Infra
Documentation and other materials for the team.
FIBO - RDF Toolkit
Documentation and other materials for the team.

Vendor Team

FVT - FIBO Vendor Team
This space is to document the proceedings and actions of the FIBO Vendor Team.

Content Teams

FCT - Business Entities
Documentation and other materials for the FIBO Content Team "Business Entities". 
FCT - Debt
Documentation and other materials for the FIBO Content Team "Derivatives". 
FCT - Derivatives
Documentation and other materials for the FIBO Content Team "Derivatives". 
FCT - Financial Business & Commerce
Documentation and other materials for the FIBO Content Team "Financial Business & Commerce". 
FCT - Foundations
Documentation and other materials for the FIBO Content Team "Foundations". 
FCT - Indices & Indicators
Documentation and other materials for the FIBO Content Team "Indices & Indicators".  
FCT - Loans & Mortgages
Documentation and other materials for the FIBO Content Team "Loans & Mortgages". 
FCT - Schema.org
Documentation and other materials for the FIBO Content Team "Securities & Equities".  
FCT - Securities & Equities
Documentation and other materials for the FIBO Content Team "Securities & Equities".  
FCT - State Street PoC
This project is a Proof of Concept led by State Street Bank. 
Vocabulary Team
FVT - FIBO Vocabulary Team
This project is a Proof of Concept led by State Street Bank. 

CFTC PoC Team

CFTC PoC
This is the wiki for managing all aspects of FIBO CFTC PoC.





FIBO INFORMATION

FIBO Leadership Team

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