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
3
CUSTOMERS VALUE
PROPOSITION
COST
STRUCTURE
CLIENT
RELATIONSHIPS
CLIENT
SEGMENTS
COMPETENCIES,
ACTIVITIES,
RESOURCES
PARTNER
NETWORK
REVENUE
FLOWS
CLIENT
CHANNELS
KEY
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)
4
CUSTOMERS VALUE
PROPOSITION
COST
STRUCTURE
CLIENT
RELATIONSHIPS
CLIENT
SEGMENTS
COMPETENCIES,
ACTIVITIES,
RESOURCES
PARTNER
NETWORK
REVENUE
FLOWS
CLIENT
CHANNELS
KEY
CHALLENGES TO
SOLVE
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
5
CUSTOMERS VALUE
PROPOSITION
COST
STRUCTURE
CLIENT
RELATIONSHIPS
CLIENT
SEGMENTS
COMPETENCIES,
ACTIVITIES,
RESOURCES
PARTNER
NETWORK
REVENUE
FLOWS
CLIENT
CHANNELS
KEY
CHALLENGES TO
SOLVE
6
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
CLIENT
RELATIONSHIPS
CLIENT
SEGMENTS
COMPETENCIES,
ACTIVITIES,
RESOURCES
PARTNER
NETWORK
REVENUE
FLOWS
CLIENT
CHANNELS
KEY
CHALLENGES TO
SOLVE
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
7
CUSTOMERS VALUE
PROPOSITION
COST
STRUCTURE
CLIENT
RELATIONSHIPS
CLIENT
SEGMENTS
COMPETENCIES,
ACTIVITIES,
RESOURCES
PARTNER
NETWORK
REVENUE
FLOWS
CLIENT
CHANNELS
KEY
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
8
CUSTOMERS VALUE
PROPOSITION
COST
STRUCTURE
CLIENT
RELATIONSHIPS
CLIENT
SEGMENTS
COMPETENCIES,
ACTIVITIES,
RESOURCES
PARTNER
NETWORK
REVENUE
FLOWS
CLIENT
CHANNELS
KEY
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
9
CUSTOMERS VALUE
PROPOSITION
COST
STRUCTURE
CLIENT
RELATIONSHIPS
CLIENT
SEGMENTS
COMPETENCIES,
ACTIVITIES,
RESOURCES
PARTNER
NETWORK
REVENUE
FLOWS
CLIENT
CHANNELS
KEY
CHALLENGES TO
SOLVE
10
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
11
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
12
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
13
• 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
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