IBM Knowledge Accelerator for Financial Services
The IBM Knowledge Accelerator for Financial Services is an extensive vocabulary describing the detailed characteristics of business information that a Financial Institution deals with on a day to day basis.
Watch this video for a walk-through of IBM Knowledge Accelerator for Financial Services.
With an ever increasing surge of regulatory demands, data integration challenges, a changing business landscape, the emergence of competitive niche players, sophisticated customers needs, product innovation and the impact of a series of global financial crises, Financial Institutions are challenged with fast paced adaption to change and evolution of their existing business offerings. Adaptability is dependent on a clear and precise understanding of the Financial Institution's data landscape and ability to quickly relate their requirements to ongoing business demands.
The IBM Knowledge Accelerator for Financial Services vocabulary offers an industry specific representation of the business terms and relationships between that information. It provides a plan of core business topics, their characteristics and relationships to other business terms. It is a blueprint of business information relationships. It is independent of any one application which allows it to be used in a holistic capacity across all business information. The Financial Institution can use it to map their siloed, application specific, virtual or non virtual data instances to one target thereby providing an overview of where information lies and how it relates together.
- Accounting
- Arrangement
- Business Activity
- Business Direction
- Communication
- Condition
- Documentation
- Event
- Group (including Portfolios, Channels, Segments, etc.)
- Involved Party (all parties involved with the Financial Institution and their roles)
- Location
- Product
- Property
- Transaction
- Campaign Analysis
- Card Loyalty Analysis
- Contact Center Usage Analysis
- Credit Risk Analysis
- Customer Credit Risk Profile
- Customer Delinquency Analysis
- Customer Lifetime Value Analysis
- Data Breach Analysis
- Data Subject Consent Analysis
- Financial Market Transaction Analysis
- Individual Credit Assessment Analysis
- Long Term Liquidity Analysis
- Non Performing Loan Analysis
- Payment Card Fraud Analysis
- Positions Analysis
- Portfolio Credit Exposure
- Operational Risk Loss Analysis
- Short Term Liquidity Analysis
- Suspicious Activity Analysis
- Trader Transaction Analysis
- Wallet Share Analysis
- Website Page Analysis
- etc.
- Algorithmics ALM
- Basel Disclosures - Credit Risk
- Basel Framework
- Capital Requirements Directive
- CCAR FR Y-14M
- CCPA
- Dodd Frank
- FATCA
- FIBO
- GDPR
- Legal Entity Identifier LEI
- Personal Information Taxonomy
- Single European Payments Area SEPA
- Anti-Money Laundering
- Asset Securitization
- Capital Markets
- Customer Insight
- Data Protection Data Processing And Consent
- Data Protection Data Protection Impact Assessment
- Employment
- Financial Markets Trading
- Individual Customer Profile Analysis
- Insurance
- Investment Banking
- Operational Risk Management
- Transaction Management
- etc.
Combined, this set of integrated glossaries all linked back to a centralized business vocabulary, give the Financial Institution the business language needed to underpin a range of key capabilities such as the data governance and operations, data discovery and Self-service Business Intelligence. Importantly, facilitating answering the questions and measuring the business of today via data already in the Financial Institution, but furthermore building a foundation for the questions of tomorrow.