What’s New in IBM Industry Models Version 8.3

IBM Industry Models V8.3 include a proven set of business-centric blueprints that promote business and IT collaboration on requirements design and IT standardization and implementation. They also deliver innovative content in Banking, Financial Markets and Insurance models to present the customers with the latest regulatory and business information.

IBM Industry Models are developed to:

  • Enable business users to easily scope and customize their own requirements
  • Facilitate step-by-step business-focused development and rollout
  • Present regularly updated business, technical, and regulatory content
  • Create open technology platforms for any application or integration solution
  • Manage definitions and standards in complex business and IT environments
  • Integrate with IBM Component Business Model (CBM) used for business re-engineering
  • Offer common business definitions across the data, process, and services layers of an enterprise

Updated model content includes:

Banking Process and Service Models:

  • New processes and services for wealth management, including private banking, investment management, custody and information management
  • Process and services enhancements for payments
  • Process and services enhancements for the European Union (EU) Consumer Credit Directive
  • Process and services enhancements for cash management and cash pooling
  • And to enhance consumability of content across all models, Business Object Model (BOM) / Financial Services Data Model (FSDM) alignment

Insurance Data Models - Insurance Information Warehouse (IIW)

  • New content for Solvency II - existing Quantitative Impact Study 3 content updated to selected Quantitative Impact Study 4 specifications
  • New content for Solvency II – Business Solution Templates (BST’s) for selected Consultation Paper 58 (CP58) specifications
  • New content for corporate pensions

Insurance Process and Service Models - Insurance Application Architecture (IAA)

  • Key Performance Indicator (KPI) / Key Risk Indicator (KRI) mappings to support risk management in process model
  • Alignment to ACORD business glossary

Banking Data Warehouse & Banking and Financial Markets Data Warehouse Models

  • Basel II updates, including the banking book, standardized framework, and advanced framework requirements of the US Basel II rules
  • New content to support data warehousing and reporting in wealth management domain
  • New content to support enterprise risk reporting and integrated risk management for enterprises with large banking and financial markets operations
  • Enhanced support for accounting regulations including representation of the published XBRL taxonomy for IFRS (Approved/Final April 2009) and US GAAP (Release 2009)

Telecommunications Data Warehouse Model

  • Advertising Management - manage adverstising inventory, and report on performance across a number of dimensions
  • Value Added Services - enable flexible, cross-dimensional reporting using customer, device, plan, location, and usage data for services such as non-voice communication and content downloads
  • Revenue Assurance - addresses provisioning, usage, CDR capture, rating, billing, receivables and credit risk issues around revenue metrics
  • Customer Profile Model - content to assist in profiling subscribers (demographic, arrangement, download behavior, POS visits, reaction to campaigns, surverys)
  • Network Analysis - assist CSP’s in understanding and predicting usage patterns in making captital investment decisions. Enables the ability to capitalize on increased traffic or new product introductions

What’s new in other versions

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