Glossary

Incubator

An incubator is an organization that supports the development of early-stage businesses through various stages...

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Incumbent

The term incumbent typically is defined as an individual responsible for a specific office within...

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Inflation taregeting

Monetary policy that aims to regulate inflation as the primary objective of the central bank.

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Infrastructure as a service

Infrastructure as a service (IaaS) is a type of cloud computing whereby a company provisions...

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Initial coin offering

The fundraising mechanism employed by blockchain startups to issue new cryptocurrencies is called an Initial...

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Initial Public Offering

When a private corporation undergoes the process of offering its shares to the public for...

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Installment Loan

Installment loans can be commercial loans or personal loans that borrowers will repay with regularly...

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Instant payment

Instant payment system that allows for real-time transactions.

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Insurance technology

Innovative technologies employed to improve the efficiency and convenience of the insurance industry.

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Integrated Circuit Card

An Integrated Circuit Card or a Smart Card is a card with an embedded electronic...

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Interchange Fee

Fees charged to a merchant on transactions the issuing bank processes to cover payment processing,...

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Interest Free Loans

The borrower will not be charged any interest for the life of the loan.

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Interest rate swap

Contract between two parties to exchange cash flows at fixed and variable rates.

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International Bank Account Number

It is short for International Bank Account Number. It is a combination of identifiers within...

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Internet of things

Connection of physical objects to the internet, which can be employed for financial transactions, is...

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Internet Protocol Address

Internet Protocol Address is a unique string of numbers assigned to every device connected to...

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Invoice trading

Invoice trading is the activity of selling commercial invoices on a digital marketplace platform that...

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Issuer/Issuing Bank

Any financial institution (a bank or credit union), which offers a payment card (credit or...

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