Semantic Interoperability in the Securities Industry: Context Interchange Mediation of Semantic Differences in Enumerated Data Types (WEBH)

Moulton, Allen; Madnick, Stuart E.; Siegel, Michael

doi:10.2139/ssrn.365021

Cited by 6 publications

References 12 publications

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Financial Information Mediation: A Case Study of Standards Integration for Electronic Bill Presentment and Payment Using the COIN Mediation Technology

Jayasena

Bressan

Madnick

2005

Technologies for E-Services

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-Each player in the financial industry, each bank, stock exchange, government agency, or insurance company operates its own financial information system or systems. 1 By its very nature, financial information, like the money that it represents, changes hands. Therefore the interoperation of financial information systems is the cornerstone of the financial services they support. E-services frameworks such as web services are an unprecedented opportunity for the flexible interoperation of financial systems. Naturally the critical economic role and the complexity of financial information led to the development of various standards. Yet standards alone are not the panacea: different groups of players use different standards or different interpretations of the same standard.We believe that the solution lies in the convergence of flexible E-services such as web-services and semantically rich meta-data as promised by the semantic Web; then a mediation architecture can be used for the documentation, identification, and resolution of semantic conflicts arising from the interoperation of heterogeneous financial services.In this paper we illustrate the nature of the problem in the Electronic Bill Presentment and Payment (EBPP) industry and the viability of the solution we propose. We describe and analyze the integration of services using four different formats: the IFX, OFX and SWIFT standards, and an example proprietary format. To accomplish this integration we use the COntext INterchange (COIN) framework. The COIN architecture leverages a model of sources and receivers' contexts in reference to a rich domain model or ontology for the description and resolution of semantic heterogeneity.

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Financial Information Mediation: A Case Study of Standards Integration for Electronic Bill Presentment and Payment Using the COIN Mediation Technology

Jayasena

Bressan

Madnick

2005

Technologies for E-Services

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Reconciling Equational Heterogeneity Within a Data Federation

et al. 2009

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Mappings in most federated databases are conceptualized and implemented as black-box transformations between source schemas and a federated schema. This approach does not allow specific mappings to be declared once and reused in other situations. We present an alternative approach, in which data-level mappings are represented independent of source and federated schemas as a network between "contexts". This compendious representation expedites the data federation process via mapping reuse and automated mapping composition from simpler mappings. We illustrate the benefits of mapping reuse and composition by using an example that incorporates equational mappings and the application of symbolic equation solving techniques.

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Semantic Interoperability in the Fixed Income Securities Industry: A Knowledge Representation Architecture for Dynamic Integration of Web-Based Information

2003

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Semantic Interoperability in the Securities Industry: Context Interchange Mediation of Semantic Differences in Enumerated Data Types (WEBH)

Cited by 6 publications

References 12 publications

Financial Information Mediation: A Case Study of Standards Integration for Electronic Bill Presentment and Payment Using the COIN Mediation Technology

Financial Information Mediation: A Case Study of Standards Integration for Electronic Bill Presentment and Payment Using the COIN Mediation Technology

Reconciling Equational Heterogeneity Within a Data Federation

Semantic Interoperability in the Fixed Income Securities Industry: A Knowledge Representation Architecture for Dynamic Integration of Web-Based Information

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