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glossary

Glossary of key terms in Banking and Finance

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AML (Anti-Money Laundering)

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API Integration

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Account Holder

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Account Information Service Provider (AISP)

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Account-to-Account (A2A) Payments

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Advanced Encryption Standard (AES)

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Adverse Media Screening

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Agentic AI

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Atfinity's AI-Powered Rule Engine

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Authorized Signatory

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Background Check

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Banking as a Service (BaaS)

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Beneficial Owner

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Blockchain

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Business Process Management (BPM)

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Business Rules Engine (BRE)

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Buy Now Pay Later (BNPL)

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CDB Forms

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Card Not Present (CNP) Transactions

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Case Management System (CMS)

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Citizen Developer (CD)

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Client Lifecycle Management (CLM)

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Client Remediation

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Client Risk Assessment

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Combating the Financing of Terrorism (CFT)

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Computer Vision

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Controlling Person (CP)

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Convolutional Neural Networks (CNNs)

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Core Banking System (CBS)

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Credit Assessment

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Crypto Wallet

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Customer Due Diligence (CDD)

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Customer Identification Program (CIP)

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Customer Relationship Management (CRM)

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Data Parsing

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Data Quality

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Database Management System (DBMS)

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Decentralized Finance (DeFi)

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Digital ID

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Digital Wallet

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Director

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Domain-Specific Language (DSL)

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Domiciliary Company

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Dynamic PDF

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Electronic Identity Verification (eIDV)

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Embedded Finance

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End-to-End (E2E) Solution

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Enhanced Due Diligence (EDD)

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Explainable AI (XAI)

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External Asset Manager (EAM)

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FATCA

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FATF (Financial Action Task Force)

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Family Office

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Fintech

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Generative Adversarial Networks (GANs)

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High Net Worth Individual (HNWI)

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Intelligent Document Processing (IDP)

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Intelligent Process Automation (IPA)

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Joint Account Holder (JAH)

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KYC Orchestration

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Know Your Business (KYB)

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Know Your Customer (KYC)

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Legacy System

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Loan Origination

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Loan Servicing

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Low-code

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Mass Affluent

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Microfinance (MFI)

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Mobile Banking

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Money Laundering

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Near-Field Communication (NFC)

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Neobank

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No-code

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Onboarding

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Open Banking

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Operating Address (OA)

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Operating Legal Entity (OLE)

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Optical Character Recognition (OCR)

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Ownership Structure

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PDF Parsing

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PEPs (Politically Exposed Persons)

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Payment Initiation Service Provider (PISP)

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Peer-to-Peer (P2P) Lending

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Periodic Review

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Perpetual KYC

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Power of Attorney (POA)

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Private Bank

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Private Wealth Management (PWM)

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Process Automation

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Process Orchestration

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Real-Time Payments (RTP)

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Recurrent Neural Networks (RNN)

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Regulatory Compliance

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Relatives and Close Associates (RCA)

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Risk Appetite (RA)

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Risk Management (RM)

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Risk Rating

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Risk-Based Approach

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Robotic Process Automation (RPA)

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Rule Engine

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