Glossary

A

Account Information Service Provider

Another critical response to ‘What are Fintech abbreviations?’ would draw attention toward AISP or Account...

Account to Account

Payments that involve the transfer of funds between two accounts owned by a single party.

Accounts Payable

Amounts due to vendors or suppliers for goods or services received.

Accounts Receivable

Amounts owed for goods or services delivered that have not yet been paid for.

ACH Authorization

A payment authorization that gives the lender permission to electronically take money from your bank,...

ACH Credit

A transaction pushing funds into an account.

ACH Debit

A transaction pulling funds from an account.

ACH Return

A credit or debit entry initiated by a Receiving Depository Financial Institution (RDFI) or ACH...

ACH Reversal

An entry, (credit or debit entry) that reverses an erroneous entry. It must be made...

Acquirer Reference Number

An Acquirer Reference Number is a unique number created in credit or debit card transactions....

Acquiring Bank

In simple terms, the acquiring bank is the business bank, and the issuing bank is...

Activiti

Activiti is an open-source BPM and workflow automation engine designed for enterprise business process automation....

Address Verification Service

A security system that works to verify that the billing address entered by the customer...

Advanced Encryption Standard

Advanced Encryption Standard (AES) is a widely employed encryption algorithm established by the US National...

Airdrop

An airdrop is the distribution of cryptocurrency tokens or coins, usually unsolicited and for free,...

All Time High

ATH is defined as the historically highest price in market capitalisation of an asset.

Altcoin

Any cryptocurrency other than Bitcoin is referred to as an altcoin.

Alternative finance

Alternative finance is defined as a range of finance solutions that sit outside of traditional...

Alternative lending

Alternative lending is defined as the various loan options beyond a traditional bank loan. Generally,...

Angel Investor

An angel investor (also known as a business angel, informal investor, angel funder, private investor,...

Annual Percentage Rate

Refers to the yearly interest generated by a sum charged to borrowers or paid to...

Anti money laundering

The activities that banks and other financial institutions carry out to prevent the use of...

Apache Airflow

Apache Airflow is an open-source workflow orchestration platform used for automating, scheduling, and monitoring complex...

Apeing

Apeing is an internet slang term referring to traders who buy a token shortly after...

API Banking

API-based technologies that allow customers to access banking services through other applications are commonly referred...

API-First approach

An API-First approach is a software development strategy where the API is designed, developed, and...

Application Programming Interface

The acronym for "Application Programming Interface," which is a set of tools and procedures for...

Appwrite

Appwrite is an open-source Backend-as-a-Service (BaaS) platform designed to simplify backend development for web, mobile,...

Arbitrage

Arbitrage is a trading strategy in which a digital asset is bought in one market...

Artificial Intelligence

Artificial Intelligence (AI) is an attempt to reproduce human intelligence with computers in order to...

Ascending Wedge

An ascending wedge is a bearish chart pattern characterised by two converging trendlines that slope...

Asset based Loan

The asset-based loan, or ABL, is a variant of business finance or a loan backed...

Asset Management

Managing OPM (see entry below on “OPM”) to generate financial returns, including money invested in...

Asynchronous Byzantine Fault Tolerance

Asynchronous Byzantine Fault Tolerance (ABFT) allows honest nodes in a network to agree on the...

Auth0

Auth0 is a cloud-based authentication and authorization platform that simplifies identity management for applications. It...

Authentication

The process of verifying the identity of a user is commonly referred to as identity...

Authorization

Authorization is the process of requesting/receiving permission access to data. It allows a user to...

Automated Clearing House

An electronic network that coordinates automated money transfers and electronic payments. It is a way...

Automated investment services

Automated investment services, such as robo-advisors, that use algorithms to create personalized portfolios are commonly...

Automated Market Maker

Automated Market Makers (AMMs) are a way to provide liquidity to a cryptocurrency exchange via...

Average Price (7D)

Average Price (7D) represents the average price paid for non-fungible tokens (NFTs) in a collection...

AWS Amplify

AWS Amplify is a cloud-based Backend-as-a-Service (BaaS) and full-stack development platform provided by Amazon Web...

AWS Cognito

AWS Cognito is a fully managed authentication and user management service by Amazon Web Services...

Azure AD B2C

Azure Active Directory B2C (Azure AD B2C) is a cloud identity management solution designed for...

Azure Mobile Apps

Azure Mobile Apps is a Microsoft Azure service that provides backend capabilities for mobile applications,...