Standards Leaders Set Sights on Upper-Level Ontology for Industry

TC 68 chair sets 2020 goal for industry-wide upper-level semantic ontology.

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The new head of a key technical committee is pushing forward some ambitious goals for financial industry standards, most notably an upper-level ontology he hopes to establish by 2020. 

In January, FIX stalwart Jim Northey was named chair of Technical Committee (TC) 68, which authors, supports and maintains ISO 20022, a single standardization approach for financial services developed through the International Organization for Standardization (ISO).

Jim Northey, ISO TC 68

Northey says the

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