Business Intelligence & XBRL @ MPS Paolo Lombardi Banca Monte dei Paschi di Siena Paolo Lombardi...
-
Upload
devin-macdonald -
Category
Documents
-
view
216 -
download
3
Transcript of Business Intelligence & XBRL @ MPS Paolo Lombardi Banca Monte dei Paschi di Siena Paolo Lombardi...
Business Intelligence & XBRL @ MPS
Business Intelligence & XBRL @ MPS
Paolo LombardiBanca Monte dei Paschi di Siena
Paolo LombardiBanca Monte dei Paschi di Siena
VII European Banking Supervisors XBRL Workshop
Munich, Bundesbank, 9th -10th May 2007
MUSING, MPS & XBRLMUSING, MPS & XBRL VII European Banking Supervisors XBRL Workshop Munich – 9th-10th May, 2007
VII European Banking Supervisors XBRL Workshop Munich – 9th-10th May, 2007 2 2
Semantic-based Business Intelligence broadens the field of applications of XBRL & provides practical opportunities for integration of Basel II principles with excellence in banking practice.
The Monte dei Paschi di Siena Bank is currently exploring such an evolution path, moving from several years of practical usage of XBRL.
Today’s presentation will briefly describe our experience at MPS on XBRL, vis-à-vis Research & Development activities in the field of Semantic-based Knowledge Management for more efficient banking in the Basel II-modified scenario.
Semantic-based Business Intelligence broadens the field of applications of XBRL & provides practical opportunities for integration of Basel II principles with excellence in banking practice.
The Monte dei Paschi di Siena Bank is currently exploring such an evolution path, moving from several years of practical usage of XBRL.
Today’s presentation will briefly describe our experience at MPS on XBRL, vis-à-vis Research & Development activities in the field of Semantic-based Knowledge Management for more efficient banking in the Basel II-modified scenario.
Message & AgendaMessage & Agenda
MUSING, MPS & XBRLMUSING, MPS & XBRL VII European Banking Supervisors XBRL Workshop Munich – 9th-10th May, 2007
VII European Banking Supervisors XBRL Workshop Munich – 9th-10th May, 2007 3 3
Banca MPS is the organization leading the Monte dei Paschi di Siena Group (Italy's fourth largest banking group).
We pride ourselves with being the oldest bank in the world (founded in1472), yet maintaining strong inclination for product and services innovation.
Our mission is centered on Commercial Banking and excellence in distribution, maximizing the value of our 2000 active branches.
Banca MPS is the organization leading the Monte dei Paschi di Siena Group (Italy's fourth largest banking group).
We pride ourselves with being the oldest bank in the world (founded in1472), yet maintaining strong inclination for product and services innovation.
Our mission is centered on Commercial Banking and excellence in distribution, maximizing the value of our 2000 active branches.
Monte dei Paschi di SienaMonte dei Paschi di Siena
MUSING, MPS & XBRLMUSING, MPS & XBRL VII European Banking Supervisors XBRL Workshop Munich – 9th-10th May, 2007
VII European Banking Supervisors XBRL Workshop Munich – 9th-10th May, 2007 4 4
Since 2005, the first Italian bank to publish it on its website
Since 2005, the first Italian bank to publish it on its website
MPS’s balance sheet in XBRLMPS’s balance sheet in XBRL
Filing the BS in the absence of a Jurisdiction: XBRL is a “de facto” standard
Filing the BS in the absence of a Jurisdiction: XBRL is a “de facto” standard
MUSING, MPS & XBRLMUSING, MPS & XBRL VII European Banking Supervisors XBRL Workshop Munich – 9th-10th May, 2007
VII European Banking Supervisors XBRL Workshop Munich – 9th-10th May, 2007 5 5
MUSING – MUlti-industry, Semantic-based next generation business
INtelliGence
MUSING – MUlti-industry, Semantic-based next generation business
INtelliGence
ww
w.m
usin
g.e
uw
ww
.mu
sin
g.e
u
MUSING, MPS & XBRLMUSING, MPS & XBRL VII European Banking Supervisors XBRL Workshop Munich – 9th-10th May, 2007
VII European Banking Supervisors XBRL Workshop Munich – 9th-10th May, 2007 6 6
The MUSING initiativeThe MUSING initiative A Consortium of 15 organisations from 9 European
countries carrying out a Research & Technology Development project (2006-2010) in the field of knowledge management, sponsored by the European Commission (Sixth Framework Programme - IST).
The paradigm: to integrate advanced Semantic Web and Human Language technologies for development of Business Intelligence (BI) applications towards industries with a deep socio-economic impact.
User-driven initiative, 3 industrial verticalisations: Financial Risk Management (FRM) Internationalisation (INT) IT Operational Risk (IT-OpR)
The pervasively-used standard: XBRL
A Consortium of 15 organisations from 9 European countries carrying out a Research & Technology Development project (2006-2010) in the field of knowledge management, sponsored by the European Commission (Sixth Framework Programme - IST).
The paradigm: to integrate advanced Semantic Web and Human Language technologies for development of Business Intelligence (BI) applications towards industries with a deep socio-economic impact.
User-driven initiative, 3 industrial verticalisations: Financial Risk Management (FRM) Internationalisation (INT) IT Operational Risk (IT-OpR)
The pervasively-used standard: XBRL
MUSING, MPS & XBRLMUSING, MPS & XBRL VII European Banking Supervisors XBRL Workshop Munich – 9th-10th May, 2007
VII European Banking Supervisors XBRL Workshop Munich – 9th-10th May, 2007 7 7
The rationale of MUSINGThe rationale of MUSING
MUSING delivers next-generation knowledge management solutions and services to enable perceptive Business Intelligence (BI) activities, directly at the End-Users premises.
By applying innovative technological solutions, MUSING provides exclusive BI services for three application areas, all with high social impact. MUSING is committed to find other industries where its solutions can be deployed.
The above is realised through development of an innovative, self-adapting BI system that integrates and specialises high-level semantic technologies; by combined use of declarative rule-based approaches & statistical methods in semantic technology; by accounting for temporal logic; and more...
MIS
SIO
N
STA
TEM
EN
TM
ULTI-
IND
US
TR
Y
PA
RA
DIG
MS
&T
EX
CELLEN
CE
MUSING, MPS & XBRLMUSING, MPS & XBRL VII European Banking Supervisors XBRL Workshop Munich – 9th-10th May, 2007
VII European Banking Supervisors XBRL Workshop Munich – 9th-10th May, 2007 8 8
Bound to R&D: High potential for more competitive banking services, but no off-the-shelf solutions in Semantic-based BI…
Here are some specific scientific and technological objectives: Development of an innovative, self-adapting BI system
that integrates and specialises high-level semantic technologies for supporting next level of effectiveness in operations in different industries;
Combined use of declarative rule-based approaches and statistical methods in semantic technology;
Modelling and recognising evolving knowledge accounting for temporal logic;
Support to development of innovative technologies that enable enterprise’s self-assessment.
Bound to R&D: High potential for more competitive banking services, but no off-the-shelf solutions in Semantic-based BI…
Here are some specific scientific and technological objectives: Development of an innovative, self-adapting BI system
that integrates and specialises high-level semantic technologies for supporting next level of effectiveness in operations in different industries;
Combined use of declarative rule-based approaches and statistical methods in semantic technology;
Modelling and recognising evolving knowledge accounting for temporal logic;
Support to development of innovative technologies that enable enterprise’s self-assessment.
End-users needs and needed R&D
End-users needs and needed R&D
MUSING, MPS & XBRLMUSING, MPS & XBRL VII European Banking Supervisors XBRL Workshop Munich – 9th-10th May, 2007
VII European Banking Supervisors XBRL Workshop Munich – 9th-10th May, 2007 9 9
Credit merit assessment for customers & prospects
Credit merit assessment for customers & prospects
MUSING, MPS & XBRLMUSING, MPS & XBRL VII European Banking Supervisors XBRL Workshop Munich – 9th-10th May, 2007
VII European Banking Supervisors XBRL Workshop Munich – 9th-10th May, 2007 10 10
Business Intelligence services offered by MUSING in the Financial Risk Management value chain.
Business Intelligence services offered by MUSING in the Financial Risk Management value chain.
Value ChainValue Chain
Management of the Credit Issuing process
Credit monitoring
BI products packaging and delivery
Data evaluation
Credit scoring
Communication with the clients
Collection and structuring qualitative and quantitative data.
The source of these data may be both internal and external.
INFORMATION
PROCESSING
PROCESS DATA
ACQUISITION
RISK MEASUREMEN
T
CREDIT ISSUING AND
COMMUNICATION
CREDIT MANAGEMENT
DELIVERY
MUSING, MPS & XBRLMUSING, MPS & XBRL VII European Banking Supervisors XBRL Workshop Munich – 9th-10th May, 2007
VII European Banking Supervisors XBRL Workshop Munich – 9th-10th May, 2007 11 11
Target industry End-users Specific target profiles
Financial Risk Management
SMEs Micro businesses Financial Institutions Rating Agencies Public-data info providers Info providers
Entrepreneurs CFOs Financial Analysts Raters Investors Risk Managers (CROs, …) CPAs
Internationalisation
SMEs Large enterprises (wholesale,
direct marketing, telco, …) Financial Institutions Internationalisation agencies Import/export consultancy
firms Info providers
CEOs / COOs VPs business
development Financial Analysts International traders Investors Consultants
IT Operational Risk Management
IT-intensive SMEs Service / Application providers Public Utilities Large enterprises (wholesale,
direct marketing, telco, …) Research Institutions
CTOs Entrepreneurs Business Continuity
Managers Risk Managers SW developers Quality Managers
Target Users in various fieldsTarget Users in various fields MUSING targets a broad spectrum of influential
users. MUSING targets a broad spectrum of influential
users.
MUSING, MPS & XBRLMUSING, MPS & XBRL VII European Banking Supervisors XBRL Workshop Munich – 9th-10th May, 2007
VII European Banking Supervisors XBRL Workshop Munich – 9th-10th May, 2007 12 12
Automatic upload of Balance Sheets
Blending of qualitative & quantitative knowledge for prospect evaluation
Enterprise self-assessment
Automatic upload of Balance Sheets
Blending of qualitative & quantitative knowledge for prospect evaluation
Enterprise self-assessment
Working examplesWorking examples
MUSING, MPS & XBRLMUSING, MPS & XBRL VII European Banking Supervisors XBRL Workshop Munich – 9th-10th May, 2007
VII European Banking Supervisors XBRL Workshop Munich – 9th-10th May, 2007 13 13
We strive to develop Business Intelligence services that support & automate the interactive process of analyzing and exploring structured & unstructured information to discern trends or patterns, thereby deriving insights and drawing conclusions, through flexible reporting.
In the above the MUSING Consortium of Partners is a convinced user of XBRL, and we “spontaneously support” usage of the standard: Among our target user communities Within the industrial R&D Framework Programme of EC
itself
We strive to develop Business Intelligence services that support & automate the interactive process of analyzing and exploring structured & unstructured information to discern trends or patterns, thereby deriving insights and drawing conclusions, through flexible reporting.
In the above the MUSING Consortium of Partners is a convinced user of XBRL, and we “spontaneously support” usage of the standard: Among our target user communities Within the industrial R&D Framework Programme of EC
itself
MUSING and XBRLMUSING and XBRL
MUSING, MPS & XBRLMUSING, MPS & XBRL VII European Banking Supervisors XBRL Workshop Munich – 9th-10th May, 2007
VII European Banking Supervisors XBRL Workshop Munich – 9th-10th May, 2007 14 14
Co-organisation of a workshop-like event on usage of next generation of business intelligence in banking
Host-a-pilot initiative (see musing.eu)
Co-organisation of a workshop-like event on usage of next generation of business intelligence in banking
Host-a-pilot initiative (see musing.eu)
Opportunities for collaborationOpportunities for collaboration
MUSING, MPS & XBRLMUSING, MPS & XBRL VII European Banking Supervisors XBRL Workshop Munich – 9th-10th May, 2007
VII European Banking Supervisors XBRL Workshop Munich – 9th-10th May, 2007 15 15
While the XBRL local jurisdiction acts as a catalytic element for practical applications, XBRL is already the de-facto standard for performing business intelligence in the banking industry, making possible to conjugate Basel II-compliant frameworks, process automation, and transparency requirements.
More MUSING services to be tested in the next 3 years: opening for collaboration with other European financial institutions, as per the spirit of the EC-funded R&D initiative.
Invited speech at the XBRL Conference in Munich: sneak preview of MUSING services running with XBRL in applications in various European countries.
While the XBRL local jurisdiction acts as a catalytic element for practical applications, XBRL is already the de-facto standard for performing business intelligence in the banking industry, making possible to conjugate Basel II-compliant frameworks, process automation, and transparency requirements.
More MUSING services to be tested in the next 3 years: opening for collaboration with other European financial institutions, as per the spirit of the EC-funded R&D initiative.
Invited speech at the XBRL Conference in Munich: sneak preview of MUSING services running with XBRL in applications in various European countries.
Conclusion & next stepsConclusion & next steps
MUSING, MPS & XBRLMUSING, MPS & XBRL VII European Banking Supervisors XBRL Workshop Munich – 9th-10th May, 2007
VII European Banking Supervisors XBRL Workshop Munich – 9th-10th May, 2007 16 16
www.musing.eu
Paolo Lombardi, Distribution Channels Department – Banca Monte dei Paschi di Siena S.p.A.
www.musing.eu
Paolo Lombardi, Distribution Channels Department – Banca Monte dei Paschi di Siena S.p.A.
Acknowledgements – Support from the European Commission, under the IST Programme, project IST-27097, is gratefully acknowledged
ContactContact