A network that digitally connects two systems, individuals or entities.
Archives: Glossary Terms
The broad spectrum of technologies powering digital payments, such as mobile wallets and contactless payments.
The system of making all financial user data, such as credit, insurance, pensions, accessible to customers as well as third…
The system of making financial and payments banking data to accessible to customers as well as third parties who intend…
A challenger bank that holds an independent banking license and is not affiliated to another licensed bank.
A technology that allows two device to interact with each other when in close proximity. NFC technology is popularly used…
That stage in product development, where the product offers just the necessary basic features for early customers.
A digital platform for buyers and sellers to interact and transact.
A wireless mobile Point of Sale that supports virtual payments on-the-go.
A cybersecurity measure where users are granted access to portals or services after two or more layers of verification. These…
A peer-to-peer lending model where small ticket loans are disbursed to MSMEs. This kind of lending model is popular in…
A demographic for banking and financial companies, typically characterized as the top-end of the mass consumer market.
A banking process where banks verify the identity of new customers through mobile numbers and government-issued ID.
The broad spectrum of technologies powering the digitalization of insurance and development of new, digital-first insurance models.
Short-term programs targeted at early or very early-stage startups to help them develop a business model and a minimum viable…
Shariah-compliant financial services. Shariah is the religious Islamic law practiced by most Islamic countries in the Middle East.
Shariah-compliant banking services. Shariah is the religious Islamic law practiced by most Islamic countries in the Middle East.
A money laundering system where money is transferred without the actual movement of money between the beneficiary and the recipient.…
Another term for Islamic finance.
The strategy of launching a new product in the market and generating early sales.