A Global Perspective

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An Enterprise Ireland

& IDA Ireland Initiative

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Funded by:

Peter Cowap Centre Director

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An Enterprise Ireland

& IDA Ireland Initiative

Initiate, conduct, disseminate and commercialise research on GRC models, frameworks and semantic technologies

Build research partner networks with industry and academic stakeholders

Leverage partner networks to help secure additional research funding from government, EU and industry sources

Further develop collaborations with standards bodies and industry associations (e.g. Object Management Group and EDM Council)

Develop GRC and related competencies of researchers and industry partners

Establish the GRCTC as an international centre of excellence in R&D on semantic technologies for GRC in the financial industry

Deliver unique Value Propositions to stakeholders

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CUSTOMERS VALUE

PROPOSITION

COST

STRUCTURE

CLIENT

RELATIONSHIPS

CLIENT

SEGMENTS

COMPETENCIES,

ACTIVITIES,

RESOURCES

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REVENUE

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CHANNELS

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CHALLENGES TO

SOLVE

Value Proposition • Regulatory Compliance Change Management • Regulatory Compliance Interpretation Methodology • Regulatory Compliance Information System • Regulatory Compliance Knowledge Base • Regulatory Compliance Knowledge Management • Regulatory Compliance Capability Maturity Model

Research Platform • Financial Industry Regulatory Ontology (FIRO) • Financial Industry GRC Ontology (FIGO)

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CUSTOMERS VALUE

PROPOSITION

COST

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COMPETENCIES,

ACTIVITIES,

RESOURCES

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Client Segments • Small, medium or large financial

services organisations • FinTech Companies • GRC and Semantic Technology

Companies • Services vendors and Process

Outsourcers • GRC Content providers and regulators • Industry Associations

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CUSTOMERS VALUE

PROPOSITION

COST

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CLIENT

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COMPETENCIES,

ACTIVITIES,

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NETWORK

REVENUE

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SOLVE

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Client Relationships • GRCTC Members

• Workshops, training and certification services

• GRC, Knowledge Engineering, and Software Development Consultancy

• Ontology, Taxonomy and Business Semantics Repository

CUSTOMERS VALUE

PROPOSITION

COST

STRUCTURE

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COMPETENCIES,

ACTIVITIES,

RESOURCES

PARTNER

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Client Channels • One to one meetings between the

GRCTC and industry members • Focused workshops for individual

work packages and themes • Online collaboration, using GRCTC

Confluence and other media • Newsletters, Whitepapers and

online dissemination using Webinars

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CUSTOMERS VALUE

PROPOSITION

COST

STRUCTURE

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RELATIONSHIPS

CLIENT

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COMPETENCIES,

ACTIVITIES,

RESOURCES

PARTNER

NETWORK

REVENUE

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CHANNELS

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CHALLENGES TO

SOLVE

Competencies and Activities • Ontology, Knowledge, and Software

Engineering • Natural Language Processing • Business Process Modelling • GRC Knowledge Management Systems

Design and Development • Capability Maturity Modelling • Interpretation of Regulations • Data virtualization • SBVR Methodology for Structured

Regulatory Data

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CUSTOMERS VALUE

PROPOSITION

COST

STRUCTURE

CLIENT

RELATIONSHIPS

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COMPETENCIES,

ACTIVITIES,

RESOURCES

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NETWORK

REVENUE

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CHALLENGES TO

SOLVE

Resources • Dedicated, well-equipped

Technology Centre

• Multi-disciplinary research team across finance, legal and regulatory, GRC, and business information systems, software and knowledge engineering disciplines

• Robust, scalable, proofs-of-concepts and demonstrators

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CUSTOMERS VALUE

PROPOSITION

COST

STRUCTURE

CLIENT

RELATIONSHIPS

CLIENT

SEGMENTS

COMPETENCIES,

ACTIVITIES,

RESOURCES

PARTNER

NETWORK

REVENUE

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CLIENT

CHANNELS

KEY

CHALLENGES TO

SOLVE

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Partner Network • Financial Services Organisations, • Industry Bodies and Associations,

University Research Centres, • Software and Technology Companies, • and Regulators

CUSTOMERS VALUE

PROPOSITION

COST

STRUCTURE

CLIENT

RELATIONSHIPS

CLIENT

SEGMENTS

COMPETENCIES,

ACTIVITIES,

RESOURCES

PARTNER

NETWORK

REVENUE

FLOWS

CLIENT

CHANNELS

KEY

CHALLENGES TO

SOLVE

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Key Challenges to Solve • Adoption of FIRO and FIGO by

OMG/EDM Council/FDTF

• Identification of additional funding sources

• Acquiring additional research capabilities and resources

• Fostering additional linkages and partnerships with Industry

EDM Council and Object Management Group (OMG)

Need for a Common Vocabulary

Sector-wide initiative

Financial Industry Business Ontology

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Wells Fargo chairs the EDM Council’s Semantic Technology Program,

interfaces directly with regulatory authorities and leads the working group

that is responsible for constructing the operational capabilities of FIBO

…@ 10 am

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• GRCTC R&D Projects – Tom Butler

• Regulatory Compliance Change Management Use Case – Paul

Buitelaar & Elie Abi-Lahoud

• Interpreting Regulations Using SBVR: The Reg-W Use Case –

Elie Abi-Lahoud

• Capability Maturity Models for Identifying Business

Opportunities in FinTech – Tom O'Kane

• How Industry can Collaborate with the GRCTC – Leona O'Brien

• 1000-1030 Q+A