Contributors: (ordered alphabetically) Georg P. Krog(Signatu AS),
Harshvardhan J. Pandit(ADAPT Centre, Dublin City University).
NOTE: The affiliations are informative, do not represent formal endorsements, and may be outdated as this list is generated automatically from existing data.
Abstract
The Finance Sector Concepts (SECTOR-FINANCE) extension provides a taxonomy extending the Data Privacy Vocabulary (DPV) Specification and other extension concepts . The namespace for terms in sector extension is https://w3id.org/dpv/sector/finance, the suggested prefix is sector-finance, and the vocabulary and its documentation is available on GitHub.
DPV Specifications: The [DPV] is the core specification within the DPV family, with the following extensions: Personal Data [PD], Locations [LOC], Risk Management [RISK], Technology [TECH] and [AI], [JUSTIFICATIONS], [SECTOR] specific extensions, and [LEGAL] extensions modelling specific jurisdictions and regulations. A [PRIMER] introduces the concepts and modelling of DPV specifications, and [GUIDES] describe application of DPV for specific applications and use-cases. The Search Index page provides a searchable hierarchy of all concepts. The Data Privacy Vocabularies and Controls Community Group (DPVCG) develops and manages these specifications through GitHub. For meetings, see the DPVCG calendar.
Contributing: The DPVCG welcomes participation to improve the DPV and associated resources, including expansion or refinement of concepts, requesting information and applications, and addressing open issues. See contributing guide for further information.
GitHub Issues are preferred for
discussion of this specification.
1. Introduction
The Data Privacy Vocabulary (DPV) and its extensions provide concepts intended for general use-cases which have a wide applicability. The SECTOR extensions provide concepts specific to a sector to support the use of DPV within that sector. At the moment, these extensions only provide Purposes which extend the DPV's Purpose taxonomy. The DPVCG plans to provide additional sector specific concepts in the future - such as Data categories, Technical and Organisational Measures, Risks and Impacts, and Technologies - and welcomes contributions and participation for these.
2. Purposes
The Purpose taxonomy provides concepts for representing purposes for processing data or using technologies within the context of the specific sector. Where relevant, these concepts extend the purpose concepts defined in the (main or core) DPV specification. The relation dpv:hasPurpose is useful to associate the purpose with a specific context or concept.
sector-finance:FinancialServiceManagement: Purposes associated with management of financial services
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sector-finance:CreditChecking: Purposes associated with maintaining, evaluating, and related activities in relation to calculation of credit scores and related metrics within financial services
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sector-finance:CreditHistoryEvaluation: Purposes associated with evaluation and assessment of credit history in relation to financial services
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sector-finance:CreditLimitDetermination: Purposes associated with determination and calculation of credit limits in relation to financial services
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sector-finance:CreditScoreEvaluation: Purposes associated with evaluation and calculation of credit scores in relation to financial services
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sector-finance:InstabilityRiskAssessment: Purposes associated with financial instability risk assessments in relation to financial services
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sector-finance:MaintainCreditCheckingDatabase: Purposes associated with maintaining a Credit Checking Database
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sector-finance:MaintainCreditRatingDatabase: Purposes associated with maintaining a Credit Rating Database
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sector-finance:FraudManagement: Purposes associated with management of fraud, including fraud prevention and detection, in relation to financial services
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sector-finance:AntiMoneyLaunderingManagement: Purposes associated with discovery, handling, prediction, and assessment of anti-money laundering activities in relation to financial services
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sector-finance:AntiMoneyLaunderingCompliance: Purposes associated with compliance assessment, documentation, and reporting activities in relation to anti-money laundering legislations for financial services
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sector-finance:IdentityFraudManagement: Purposes associated with discovery, handling, prediction, and assessment of identity frauds in relation to financial services
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sector-finance:PhishingAttackManagement: Purposes associated with discovery, handling, prediction, and assessment of phishing attacks in relation to financial services
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sector-finance:TransactionFraudManagement: Purposes associated with discovery, handling, prediction, and assessment of transaction frauds in relation to financial services
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sector-finance:PersonalisedServiceProvision: Purposes associated with providing personalised financial services
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sector-finance:RegulatoryCompliance: Purposes associated with regulatory compliance assessment, documentation, and reporting activities in relation to financial services
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sector-finance:AntiMoneyLaunderingCompliance: Purposes associated with compliance assessment, documentation, and reporting activities in relation to anti-money laundering legislations for financial services
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sector-finance:CustomerDueDiligence: Purposes associated with compliance assessment, documentation, and reporting activities in relation to customer due diligence legislations for financial services
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sector-finance:TaxReportingCompliance: Purposes associated with compliance assessment, documentation, and reporting activities in relation to taxation legislations for financial services
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sector-finance:TransactionReportingCompliance: Purposes associated with compliance assessment, documentation, and reporting activities in relation to transaction reporting legislations for financial services
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sector-finance:ServiceImprovement: Purposes associated with identifying, planning, and carrying out improvements to financial services
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sector-finance:ServiceProvision: Purposes associated with provision of financial services
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sector-finance:AccountManagement: Purposes associated with management of accounts in relation to financial services
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sector-finance:BudgetPlanningAssistance: Purposes associated with planning of budgets, spending, and related activities in relation to financial services
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sector-finance:DebtManagement: Purposes associated with management of debt in relation to financial services
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sector-finance:ExpenseManagement: Purposes associated with management of expenses and related activities in relation to financial services
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sector-finance:InvestmentManagement: Purposes associated with management of investments, portfolios, and related activities as part of financial services
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sector-finance:LoanServiceProvision: Purposes associated with provision of loans and related activities in relation to financial services
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sector-finance:PaymentProcessing: Purposes associated with payment processing and related payment activities in relation to financial services
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sector-finance:ProductRecommendation: Purposes associated with providing product recommendations as part of financial services
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sector-finance:WealthManagement: Purposes associated with wealth management in relation to financial services
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sector-finance:InsuranceManagement: Purposes associated with management of insurance
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sector-finance:InsuranceClaimsManagement: Purposes associated with management of insurance claims
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sector-finance:InsuranceClaimDisputeResolution: Purposes associated with dispute resolution regarding insurnace claims
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sector-finance:InsuranceClaimEligibilityAssessment: Purposes associated with assessing the eligibility of insurance claims
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sector-finance:InsuranceClaimFraudManagement: Purposes associated with fraud prevention and detection related to insurnace claims
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sector-finance:InsuranceClaimPayoutAssessment: Purposes associated with assessing the amount, validity, and method for payout of insurance claims
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sector-finance:InsuranceCoverageAssessment: Purposes associated with assessing the validity of existing insurance coverage for specific situations and contexts
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sector-finance:InsuranceEligibilityAssessment: Purposes associated with assessment of elibility for receiving or continuing to receive insurance
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sector-finance:InsuranceFraudManagement: Purposes associated with fraud prevention and detection related to insurance
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sector-finance:InsuranceClaimFraudManagement: Purposes associated with fraud prevention and detection related to insurnace claims
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sector-finance:InsuranceIdentityFraudManagement: Purposes associated with identity fraud prevention and detection related to insurance
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sector-finance:InsurancePersonalisedPricingManagement: Purposes associated with the use of personalisation in determination, optimisation, and other processes related to pricing of insurance premiums
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sector-finance:InsurancePricingManagement: Purposes associated with determination, optimisation, and other processes related to pricing of insurance premiums
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sector-finance:InsuranceRiskAssessment: Purposes associated with conducting risk assessments in the context of insurance services
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Purposes associated with compliance assessment, documentation, and reporting activities in relation to anti-money laundering legislations for financial services
Purposes associated with maintaining, evaluating, and related activities in relation to calculation of credit scores and related metrics within financial services
Purposes associated with compliance assessment, documentation, and reporting activities in relation to customer due diligence legislations for financial services
Purposes associated with compliance assessment, documentation, and reporting activities in relation to transaction reporting legislations for financial services
DPV uses the following terms from [RDF] and [RDFS] with their defined meanings:
rdf:type to denote a concept is an instance of another concept
rdfs:Class to denote a concept is a Class or a category
rdfs:subClassOf to specify the concept is a subclass (subtype, sub-category, subset) of another concept
rdf:Property to denote a concept is a property or a relation
The following external concepts are re-used within DPV:
Funding Acknowledgements
Funding Sponsors
The DPVCG was established as part of the SPECIAL H2020 Project, which received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No. 731601 from 2017 to 2019.
Harshvardhan J. Pandit was funded to work on DPV from 2020 to 2022 by the Irish Research Council's Government of Ireland Postdoctoral Fellowship Grant#GOIPD/2020/790.
The ADAPT SFI Centre for Digital Media Technology is funded by Science Foundation Ireland through the SFI Research Centres Programme and is co-funded under the European Regional Development Fund (ERDF) through Grant#13/RC/2106 (2018 to 2020) and Grant#13/RC/2106_P2 (2021 onwards).
A. Issue summary
There are no issues listed in this specification.
B. Changelog for v2.1
The changelog provides more information on concepts that have been added/removed in this version.