Glossary

O

Offshore banking

Practice of opening bank accounts in foreign countries to avoid local tax restrictions and regulations.

Okta

Okta is an enterprise-grade identity and access management (IAM) platform that provides SSO, MFA, lifecycle...

Omni channel banking

Banking service strategy that offers a consistent service experience across multiple channels.

Online investing

Investment in financial instruments made through an online platform.

Online investment platforms

Until now, the corporate loan and bond market has remained largely untransformed by technological innovation,...

Online payment

Digital payment method employed to make online transactions.

Open API

Application programming interface that allows different applications to communicate with each other.

Open banking

Practice of sharing customers' financial data among different financial institutions.

Open banking technology

The technology that allows users to access their financial data from various sources, including banks,...

Open source software

Software whose source code is publicly available.

Oracle Mobile Hub

Oracle Mobile Hub is a cloud-based mobile backend service that enables developers to build, deploy,...

Originator (ACH)

The entity that starts an ACH payment transaction. The originator is the consumer, business, or...

ORY Hydra/ORY Kratos

ORY Hydra and ORY Kratos are open-source identity and authentication frameworks focused on privacy, security,...

Overdraft

Loan granted by the bank in which the customer's account can be in deficit up...