Scope and Internals
The WAND Retail Banking Taxonomy includes 815 terms with 339 synonyms covering banking processes, retail banking, regulations, products, fees, risk management, banking documents, and much more. The basic knowledge used to create this taxonomy comes from information garnered within credit unions and financial institutions.
Customization and Extension
The WAND Retail Banking Taxonomy can be easily customized by personalizing the thesaurus with complementary lexicons. It can also be exploited in combination with the TEMIS Smart Taxonomy Facilitator (STF) Skill Cartridge® Framework to create a Skill Cartridge® focused on Commercial Banking topics.
STF adds two distinctive features to the thesaurus-based extraction:
- Fuzzy Term Matching that produces and recognizes variants of thesaurus terms, minimizing silence and increasing recall
- Relevance Scoring, that evaluates the contextual relevance of each recognized term, discarding the less relevant ones improving precision. Relevance Scoring exploits a range of heuristics, including statistics and part-of-speech tagging.
Adjusting STF Fuzzy-Term Matching and Relevance Scoring parameters or retraining the Skill Cartridge®'s statistical models to adapt to a corpus that is specifically representative of your content will enable you to adjust semantic enrichment behavior.
The WAND Retail Banking Taxonomy is specifically designed to help banks tag and organize their unstructured information with relevant, industry specific concepts, processes, subjects, and document types. This taxonomy is a strong starter set for commercial and retail banking institutions.