| MDMI Labs is the new
research and development project lab under OMG's MDMI
Consortium. The MDMI Consortium is focused on
providing proof of MDMI business value in the form of
a successful prototype and in use cases in payments.
MDMI Labs will continue the work of vetting the MDMI
standard, providing further proofs of concept for new
use cases beyond the ones already proven in 2009, and
expanding to other financial services sectors (like
corporate actions) as well as other vertical markets
like healthcare. MDMI Labs will be conducting
pre-competitive shared research and development
projects applicable to a broad range of
industries.
OMG is introducing MDMI Labs to further increase
the benefit that organizations will receive from the
MDMI standard. MDMI Labs will provide participants
with research and development for common business
problems, at a fraction of the cost they would incur
if each participant addressed these problems
individually.
How it Works
Each MDMI Labs project will last approximately six
months. OMG will provide the necessary project
management and technical support resources to insure
the success of the project.
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At the end of each MDMI Lab, each Lab participant
will:
- Have a working knowledge of the MDMI standard
(Research).
- Have a MDMI sanctioned map to and from their
data structure (Development).
- Have the ability to demonstrate the solution for
their organization (Future Operations)
To participate in a MDMI Labs project, each
participant will need to provide:
- A person who will participate in a once a week
status and planning call.
- A person who will work with the OMG experts in
developing their own MDMI map
(estimated at 4 days per month)
- A
nominal fee for the OMG resources necessary.
Projects Now in
Development
MDMI Labs will initially focus on the financial
services and the healthcare industries, and execute
projects for a number of different problems in those
industries. Projects provide research and solutions
that are applicable to other industries as well. The
projects now in development include:
In Financial Services:
- International Payments
- Corporate
Actions
- Corporate
Payments
- Compliance
of Mortgage Backed Securities
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In Healthcare:
- Continuity Case Documents (CCD) Exchange
- Healthcare Payment Cycle
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Get Involved
| Now is the time to take advantage of these highly
leveraged, practical research and development Labs for
the MDMI Standard, backed by OMG, a standards
organization with more than 20 years of experience in
developing the standards organizations rely on for
interoperability. For more information, please contact OMG Vice
President Ken Berk at ken.berk@omg.org
or +1-781-444 0404.
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