Sources of Classifications
Banks use a range of internal and external schemas. Common standards include:- NAICS — North American Industry Classification System
- SIC — Standard Industrial Classification
- NACE — European statistical classification of economic activities
- ANZSIC — Australian and New Zealand Standard Industrial Classification
Mapping to the CB Industry Schema
We derive a single consensus industry classification for each entity using a transparent, repeatable process:Collect contributed classifications
Banks submit their internal industry labels and codes alongside entities.
Normalise to common vocabularies
We maintain canonical mapping tables for NAICS, SIC, NACE, and ANZSIC, and convert contributed labels to a common set.
Cross‑reference authoritative sources
Bank inputs are compared against external registries including Companies House (UK), OpenCorporates, UK Register House, the Italian Business Registry, and other national registries. This validates and enriches the contributed classifications.
Example: Assigning a CB Industry
Three banks submit industry metadata for the same entity — one with a NAICS code, one with a SIC code, one with an ANZSIC code. Using our maintained mappings, these are reconciled to a single CB industry. The original source codes are retained for reference.| Bank Contributed Code | Code Definition | CB Sub-Sector |
|---|---|---|
| NAICS 484000 | Truck Transportation | Trucking |
| SIC 4213 | Trucking and Courier Services | Trucking |
| ANZSIC 4610 | Road Freight Transport | Trucking |