A model where third parties integrate with banking services through their digital banking solutions, in order to provide it on their own platforms. Also known as Banking-as-a-Service.
An online platform that allows users to invest their savings across multiple options, including stocks, mutual funds, exchange-traded fund, cryptocurrencies, or curated portfolios.
A traditional savings practice where groups of people, such as family members or peers, periodically deposit money into a common pool, which is then used to make payouts to members in turns.
The Society for Worldwide Interbank Financial Telecommunication. It is a global communication network of banks, and is widely used to enable inter-bank money transfers.