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Ontology for Financial Fraud Detection
Last uploaded:
February 28, 2024
| Acronym | ONTOFIC |
| Visibility | Public |
| Description | The ontology, referred to as OntoFiC, is designed to encapsulate the domain of financial transactions with a particular focus on fraud detection within the SWIFT network. |
| Status | Alpha |
| Format | OWL |
| Contact | Hamza Chergui, hchergui@skaizengroup.fr |
| Categories | Other |
| URI | https://industryportal.enit.fr/ontologies/ONTOFIC |
| competency Question | ### Competency questions - **Q1:** How does the ontology detail the specific components of a SWIFT transaction, such as the BIC code, MT code (Message Type), and message fields? This question addresses the ontology's ability to accurately represent and organize the essential elements that constitute a SWIFT financial transaction. This question is crucial for evaluating the ontology's effectiveness in capturing the intricacies of financial communication and operations within the global banking network. - **Q2:** How can we trace the complete route of a SWIFT transaction through intermediary banks to its final destination? This question addresses the ontology's ability to represent entities for each bank involved, as well as transaction entities that capture the details of the transfer, including sender, receiver, intermediary banks, timestamps, and status. - **Q3:** How retrieve all transactions made by a given client over a specific period? This question addresses the ontology's ability to retrieving all transactions made by a given client over a specific period and captures not only the transactions but also the temporal aspects and client relationships. - **Q4:** How does the ontology model the relationship between clients and their respective banks? How identify relationships between clients and banks and describe the nature of these relationships? This question addresses the ontology's ability to accurately represent the relationship between clients and their respective banks by establishing entities and defining relationships that reflect the nature of their association. - **Q5:** How does the ontology support the application of Know Your Customer (KYC) requirements? This question addresses the ontology's ability to supports KYC requirements by integrating entities and attributes that capture essential client data for identity verification. This includes personal information, transaction behaviors, and compliance status. - **Q6:** How can we analyze transaction trends over time for a specific sector or group of clients? This question addresses the ontology's ability to accurately represent relevant criteria, such as industry sector or client demographics. By applying temporal filters, we can identify patterns and anomalies in transaction behaviors over time. - **Q7:** How does the ontology adapt to regulatory changes in the financial sector? Does it allow for easy updating of rules and concepts to remain compliant? This question addresses the ontology's ability to evaluate by allowing for dynamic updates to its structure. As regulations evolve, new entities, attributes, and rules can be added to the ontology to reflect these changes. - **Q8:** How does the ontology manage the representation of sensitive data to ensure the confidentiality and security of client information? This question addresses the ontology's ability to implement mechanisms for data protection. This includes defining access control policies that restrict sensitive data visibility based on user roles and applying encryption to data stored within the ontology. - **Q9:** How does the ontology help experts to detect fraudulent activities? This question addresses the ontology's ability to help experts in detecting fraudulent activities by modeling transaction patterns, client behaviors, and anomaly detection criteria. |
| has Formality Level | http://w3id.org/nkos/nkostype#ontology |
| Ontology Syntax | http://www.w3.org/ns/formats/OWL_XML |
| Metadata vocabulary used | local:local |
| Natural Language | |
| preferred Namespace Prefix | ONTOFIC |
| preferred Namespace Uri | https://industryportal.enit.fr/ontologies/ONTOFIC |
| Release date | 2024-02-28T00:00:00+00:00 |
| version | 1.0 |
| Version IRI | http://industryportal.enit.fr/ontologies/ONTOFIC |
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