3

When I was preparing for TOGAF exam, I came across Open Standard available for DataModel, Service Model, Architecture for many industries.

(Example: ARTS has defined a data model for the Retail industry. Energistics has defined a data model for the Petrotechnical industry. FPL Defined fix protocol for trading. SWIFT & ISO has some standard about Interbank Messaging.)

I would like to know from this community What are all the OpenStandard - "protocol, datamodel, servicemodel" which you work with in Financial Industry? How many of them are really "Open" and widely used

tshepang
  • 12,111
  • 21
  • 91
  • 136
Mohan Narayanaswamy
  • 2,149
  • 6
  • 33
  • 40

2 Answers2

7

Here are three widely used standards:

Most standards are "member-owned" by organizations like ISDA, SWIFT or FPL that you can join. Many standards are free as in beer, although the companies usually earn money with reference implementations and other services.

stephan
  • 10,104
  • 1
  • 51
  • 64
2

The underlying standard for Financial Services is ISO 20022. SWIFT, ISDA (FpML), FPL (FIX), and many others are all part of the ISO 20022 community.

ISO 20022 is broad in that it covers all of financial services - from Cards to Regulators.

matthew
  • 141
  • 1
  • 4