The UAE’s central bank digital currency.
Archives: Glossary Terms
A savings group popular in Egypt.
The financial regulatory and licensing authority for all companies located and activities taking place in the ADGM.
A false positive occurs when legitimate transactions are mistakenly taken to be fraudulent or suspicious. This results in payments being…
A popular form of SME financing, where businesses sell their invoices or receivables to an intermediary at a discount for…
The financial regulatory and licensing authority for all companies located and activities taking place in the DIFC.
A digital store of money, and banking and payment information, held on a smartphone and used to make digital payments.
A financial district and free zone in Dubai, UAE. The DIFC is also home to the Dubai Financial Services Authority.
A banking company that offers its services via mainly digital platforms, and which may or may not have an offline…
Digital representation of assets with a unique identity, rights, and permissions.
A decentralized database technology built on infrastructure and protocols that allow records to be authenticated by multiple parties, and accessed…
The cost that a company must incur in order to acquire new customers (such as sales, marketing and salaries).
A type of investment model by private equity and venture capital firms, where limited partners, third party investors or their…
A fundraising model where funding is opened up to the general public, who can contribute as much as they want…
The system that powers the daily functioning of banking processes, such as transactions, account updates, and credit processing.
New, independent and digital banks that compete with traditional incumbents.
Central Bank Digital Currency, a digitized version of national fiat currencies.
A type of digital payments enabled by near field communication, using debit and credit cards, and mobile wallets that support…
A digital non-fiat currency built on a blockchain. Popular examples include Bitcoin and Ethereum.
A fintech service where users can make e-commerce purchases an split payments in periodic installments with or without interest.