it 4 iso20022 businessmodel_k_ketels
DESCRIPTION
Presentation from the Swiss Standards Forum in October 2013TRANSCRIPT
ISO 20022Business Model
How can we describe the business: business
modeling • Business processes (flows)
– What do you need to do to perform your business?
• Business concepts (business dictionary) 2
How can we describe the business: business
modeling
• Business processes (flows)
– What do you need to do to perform your business?
• Business concepts (business dictionary)
– Simplify communication by sharing common definitions
– Also known as semantic model
3
Why a business / semantic model?
• Achieve common understanding of the business
– Clear identification / definition of the business concepts and how
they relate to each other
– Clarity on the concepts upfront = less troubles later
– Simplifies education
– Alignment across business areas
– Shared understanding in the industry
• A good business model is a strong rallying flag for
disconnected standards.
– More efficient than mapping a lot of low level constructs
4
Business Model Structure
5
This diagram shows the packages which contain the description of the Business Model. Examples of the description of the links between the packages are included
Example: Getting clarity on payments
6
… a Trade creates Obligations for Parties
…and Obligations can be fulfilled in various
ways
Why is this important and good for
financial institutions?
• Shared concept definitions across the industry
– Foundation for communication between industry players
– Others map to us (ISO 20022 brand power)
• Use the Business Model to align internal databases to ISO 20022
and support internal integration projects
• Easy mapping with other standards simplifies understanding.
– Use of synonyms to indicate the equivalent in other standards
9
Map internal databases to ISO 20022
10
Client Account
D C
Relationship Business Component
Business Component
Business Component
Business Component
Proprietary Database
PartyRole
Account
Map with FIN Standards
12
ISO
20
022 B
ase
repository
How can we use this ISO 20022 repository?
Business
Processes
Message
Definitions Type Dictionary
Business
Model
ISO
20
022 B
ase
Sta
ndard
ISO 20022 Standards Content
Business
Processes
MyStandards
Usage Guidelines
Message
Definitions Type Dictionary
Business
Model
Example Usages: • Enterprise Reference Model
• (Cross) Industry Harmonisation
• Industry (or domain) Glossary
• …
Available Tools: Editors: Eclipse-based editor
IBM Rational
Viewers: MyStandards Web tool
REST API
Available Formats: • UML 2.0 XMI file
• UML Diagrams
• Microsoft .xlsx
ISO
20
022 B
ase
Sta
ndard
MyStandards
Usage Guidelines
Message
Definitions Type Dictionary
Business
Model
ISO 20022 Standards Content
Business
Processes
Example Usages: • Support Business Analysis
• …
Available Tools: Editors: Visio & compatible tools
Viewers: Visio & compatible tools
Available Formats: • Documented Visio
business processes
ISO
20
022 B
ase
Sta
ndard
Business
Processes
MyStandards
Usage Guidelines
Message
Definitions
Business
Model
ISO 20022 Standards Content
Type Dictionary
Example Usages: • Canonical Integration Models
• Implementation/Mapping Support
• …
Available Tools: Editors: Eclipse-based editors
Viewers: MyStandards Web tool
REST API
Available Formats: • EMF repository file
• UML 2.0 XMI file
• MS Excel .xlsx
ISO
20
022 B
ase
Sta
ndard
Business
Processes
Type Dictionary
Business
Model
ISO 20022 Standards Content
MyStandards
Usage Guidelines
Message
Definitions
Example Usages: • Canonical Integration Models
• Implementation/Mapping Support
• External Interface Specifications
• Internal Interface Specifications
• …
Available Tools: Editors: Eclipse-based editors
Viewers: MyStandards Web tool
REST API
Available Formats: • EMF repository file
• UML 2.0 XMI file
• XML Schema
• Enriched XML Schema
• MS Excel .xlsx
• PDF Documentation
ISO 20022 EMF/XMI Repository
Machine-processible (Eclipse Modeling Framework) repository:
–Business Model
–Type Dictionary
–Message Definitions
ISO 20022 Standards Editors
Business Model Editor View
ISO 20022 Standards Content
Business Model – Online Dictionary View
ISO 20022 Standards Content
Business Processes
ISO 20022 Standards Editors
Type Dictionary Editor View
Where do BIAN and ISO 20022 come together?
• Business processes (flows)
– What do you need to do to perform your business?
23
AccountOpeningRequest (acmt.007…)
AccountRequestAck (acmt.010…)
ISO 20022 BIAN BIAN