Ontology Management in e-Banking Applications

In this chapter we introduce how ontologies, semantic technologies in general, and Semantic Web Services in particular boost productivity in software and service development, by discovering new ways to extend the added value of applications in that domain. Two different applications have been developed between Bankinter, a Spanish bank with a strong innovation tendency and iSOCO, a leading company in the development of applications based on semantic technologies. We demonstrate the importance of semantic technologies for commercial banking applications and share experiences in working with ontologies and Semantic Web Services. Keywords: mortgage application; ontology management; Semantic Web; Semantic Web Services; stock brokering; WSMO