Banking: eccenca launches activities around lingua franca of banking data

eccenca, a leader in semantic data integration and lifting, is leveraging the financial industries de facto data standard FIBO to provide a standardized integrative access to all of a banks relevant data. Due to tightening regulations across the globe (BCBS 239, MaRisk and others) banks are increasingly focussing on establishing means for bank-wide understanding and reconciliation of their data. FIBO, a standard vocabulary to describe industry-specific data, will serve as a lingua franca to achieve this otherwise cumbersome reconciliation task.

 

 

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