Glossary

Sales Close

The final step of a sale wherein documents are filled out to finalize a purchase.

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Same Day ACH

Delivery of available funds within the same business day.

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Sandboxing

Testing environment where financial institutions can test new products and services.

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Sanity

Sanity is a headless content management system (CMS) that provides developers with a real-time, API-first...

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Sats or Satoshis

Sats are the smallest possible unit of Bitcoin (BTC), at 0.00000001 BTC. Named after Bitcoin’s...

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Security token

Digital representation of a stock, bond, or other type of financial asset.

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Security Token Offering

An STO is the regulated compliant issuance of securities tokens to new investors to raise...

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Seed accelerator

Start-up accelerators are programs that support early-stage, growth based start-up companies through financing, business education,...

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Seed money

Seed money or seed capital is the initial funding employed to fund a new start-up...

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SegWit

SegWit, short for segregated witness, was an update to the Bitcoin network in August 2017...

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Semi Closed Loop Prepaid Card

According to RBI guidelines, these prepaid cards, are redeemable only at a group of clearly...

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Series A funding

When a start-up business has developed a track record of consistent revenue, an established user...

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Series B funding

A Series B round of funding is employed to take a start-up company past the...

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Settlement

The movement of funds from one financial institution to an additional, which ultimately completes a...

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Seven Days

7D, short for seven days, is defined as price data that has been collected for...

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SHA 256

SHA-256 is a one-way cryptographic hashing algorithm that takes an input of any size and...

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Shared platforms

A shared platform is an emerging technological model whereby organisations strategically collaborate on a digital...

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Sharing economy

The sharing economy is a peer-to-peer based economy where the acquisition and provision of goods...

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Single Euro Payments Area

SEPA is an intra-European payments system that is harmonizing the payments in Euro on the...

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Single sign on

Single sign-on (SSO) is an authentication process that allows a user to access multiple applications...

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Smart Contract

An electronic protocol that facilitates, verifies, and enforces the negotiation or execution of a contract.

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Smart money

Smart money is investments or transactions that are made by people who have expert knowledge...

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Social finance

Social finance is a collection of approaches to managing money, where the primary objective is...

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Social trading

The technology that enables traders to share information and trading strategies through an online platform.

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Society of Worldwide Interbank Financial Telecommunication

This is the communications network that is employed to send international bank transfers. SWIFT stands...

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Software as a Service

Software as a Service (SaaS) is a cloud-based technology that uses the internet to deliver...

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Solidity

Solidity is a high-level programming that is employed to write smart contracts. Created by Gavin...

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Specialist banks

Specialist banks, sometimes referred to as niche banks, offer a limited range of products or...

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Split payment

Split payment is a multi-payment method that allows goods or services to be paid for...

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SSL Certification

Secure Sockets Layer Certification ensures internet transactions are secure with digital passports (Data encryption process)...

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Stablecoin

A digital currency that pegs its value to an external reference, typically the U.S. dollar.

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Staking

The act of locking up an asset so that it is frozen for a period...

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Stanford Research Institute

Headquartered in Menlo Park, California. Stanford Research Institute (SRI) is an independent, non-profit research centre...

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Start up accelerator

A start-up accelerator, also known as a seed accelerator, is a program specifically designed to...

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Start up company

A start-up company is a new business venture, started by entrepreneurs, that is in its...

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Strapi

Strapi is an open-source headless content management system (CMS) that enables developers to create, manage,...

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Sub Merchant

Merchants who get onboarded with a Payment Gateway Platform through a partner are known as...

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Subprime Financing

These are loans that are given at a below prime rate. These are typically given...

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Supabase

Supabase is an open-source Backend-as-a-Service (BaaS) platform that provides a scalable and developer-friendly alternative to...

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Surcharge

Surcharge is defined as an additional charge, fee, or tax that is added to the...

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Surge Charge/ Surge Pricing

A Surge Charge or Surge Pricing is added to the initial quoted price due to...

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