Financial Regulation Ontology – A core ontology populated with relevant United States Code and Code of Federal Regulations
Conventional compliance architecture suffers from a myriad of components for requirements and data management, ETL and rules processing. The problem is that each component has its own way to representing and storing the metadata. As a result we need numerous mappings and transformations to obtain a holistic picture of the data item, its regulatory requirement and data source.
The Semantic Web is part of a third generation Web 3.0., where information is stored in a way that computers as well as humans can understand. The World Wide Web Consortium ( W3C ) has released standards for common data formats and exchange protocols, in particular the Resource Description Framework ( RDF ).
In RDF information about resources is stored as a simple triples of subject-predicate-object.
Financial Regulation Ontology – A core ontology populated with relevant United States Code and Code of Federal Regulations