Semantic Interoperability Framework for Digital Finance Applications

Abstract

Abstract This chapter outlines the theoretical foundation for the design and implementation of the Semantic Interoperability Framework of the INFINITECH project. It details a methodology for semantic models and ontology engineering and prototyping that defines the overall strategy used to design and specify semantic models for digital finance applications. The semantic models are organized hierarchically according to the domain and the specific application and linked to reference ontologies such as the Financial Industry Business Ontology (FIBO), the Financial Instrument Global Identifier (FIGI), and the Legal Knowledge Interchange Format (LKIF). The provided models establish the cornerstone for semantic interoperability within INFINITECH applications while enabling the distributed processing of semantically linked streams.