A banking model designed for youth who are below the legal age for holding a bank account. It typically comes…
Archives: Glossary Terms
A model where third parties integrate with banking services through their digital banking solutions, in order to provide it on…
An online platform that allows users to invest their savings across multiple options, including stocks, mutual funds, exchange-traded fund, cryptocurrencies,…
Substituting information, such as financial data, with a randomized code.
A cybersecurity measure where users are granted access to portals or services after two layers of verification.
A traditional savings practice where groups of people, such as family members or peers, periodically deposit money into a common…
The Saudi Arabian Riyal Interbank Express, a real time electronic payments system available through Saudi banks.
Saudi Central Bank
Short term programs offered by regulators that allow startups and enterprises to test their solutions in a controlled environment.
The Society for Worldwide Interbank Financial Telecommunication. It is a global communication network of banks, and is widely used to…
The body of financial services provided to SMEs to help them acquire credit. These include several models, including trade financing…
Cryptocurrencies that are pegged to fiat currencies, exchange-traded commodities such as gold, or other cryptocurrencies.
The broad spectrum of technologies that power regulation and compliance mechanisms.
A financial advisory and investment model where algorithms provide financial planning services based on user data.
Platforms that allow individual investors to trade stocks online.
A stage soon after the launch of a new product, where the product adequately meets the current expectations of its…
Financial service providers that facilitate online payments by interfacing between e-commerce platforms and bank accounts.
A joint initiative by Saudi Arabia and the UAE to build a dual-issued digital currency.
A range of banking and financial services targeted at individuals.
Payments Initiation Service Provider, which facilitate online transactions on behalf of a customer from their bank accounts.