State Street's Saul: FIBO is Adding Transparency, Reducing Risk

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While the EDM Council and the Object Management Group (OMG) have driven the adoption and acceptance of the Financial Industry Business Ontology (FIBO)-their semantics standards initiative-Boston-based David Saul, chief scientist and senior vice president, State Street Corporation, has been a key player in these efforts, driving forward the progress of the standard.

FIBO sets the same universal definition for ontologies, making it possible for companies to develop products that can be accepted in