Financial Services Workflow Model (FSWM)
The Financial Services Workflow Model (FSWM) is an important part of the Industry Model concepts. Leading financial services organizations worldwide have been using these structures together with other Industry Model offerings for redesigning their business processes. This component comprises hierarchies of generic activities, trigger types, and standard verbs in easily referenced structures. Considerable time can be saved in the definition and agreement of requirements, analysis, and design and in coordinating development efforts across various projects by using business processes. These workflow components provide an enterprise-wide basis for standardized naming of the business activities and triggers, which make up a financial institution’s business processes.