1 / 10

Using Business Natural Language to Capture Financial Regulations in a Collaborative Ontology Development Process Leona O

Using Business Natural Language to Capture Financial Regulations in a Collaborative Ontology Development Process Leona O’Brien Eli Abi-Lahoud John Lombard. Semantic Technologies. ontology - ‘an explicit specification of a conceptualization.’

tavon
Download Presentation

Using Business Natural Language to Capture Financial Regulations in a Collaborative Ontology Development Process Leona O

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Using Business Natural Language to Capture Financial Regulations in a Collaborative Ontology Development Process Leona O’Brien Eli Abi-Lahoud John Lombard

  2. Semantic Technologies • ontology - ‘an explicit specification of a conceptualization.’ • classes, attributes, relations, and rules axioms • Foundational ontology • Domain-specific ontology

  3. Anti-Money Laundering Regulations • The Currency and Foreign Transaction Reporting Act of 1970 (Bank Secrecy Act) • Monitoring transactions, record keeping, reporting large cash transactions, reporting suspicious activity transactions • USA PATRIOT Act

  4. Business Natural Language • Semantics of Business Vocabulary and Business Rules • SBVR terminological dictionary and rulebook comprises • Noun concepts • Verb concepts • Definitional rules • Behavioural rules

  5. Semantics of Business Vocabulary and Business Rules

  6. Semantics of Business Vocabulary and Business Rules • Preparatory phase • Collaborative phase • Validation and generation of a machine-readable vocabulary.

  7. Semantics of Business Vocabulary and Business Rules • Preparatory Phase • Bank Secrecy Act Regulations - Definitions and Other Regulations Related to Prepaid Access, 76 FR 45403

  8. Semantics of Business Vocabulary and Business Rules • Collaborative Interpretation Phase • Clarify the definitions • Ensure the regulations are correctly interpreted

  9. Semantics of Business Vocabulary and Business Rules • Validation and Generation of a Machine-readable Vocabulary Phase • Designs for Management™, an SBVR-based software suite

  10. Conclusion • Improved understanding of requirements • Reduces burden of compliance • Reduces compliance costs

More Related