The overall objective of the BIAN Business Vocabulary is to enhance the semantic clarity of BIAN service specifications by providing definitions of the business concepts embodied in the service specifications.

BIAN Business Vocabulary Working Group is responsible for the governance of:

  • the BIAN Business Vocabulary
  • the linkages between the BIAN Service Landscape and the BIAN Business Vocabulary

Specifically, a governance infrastructure is being created consisting of:

  • a standards-based vocabulary tool to enable the Service Definition Working Groups to create their vocabulary contents
  • a process for the Service Definition Working Groups to submit vocabulary content, including quality control on the content and ensuring that existing established banking vocabulary entries are being leveraged rather than duplicated

The Working Group work on configuring the tool, defining the procedures for contributing vocabulary content, receiving vocabulary content submissions, and conducting quality reviews on the contents.