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Fintech Dictionary
All fintech buzzwords
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
AI
Artificial Intelligence (AI; English Artificial Intelligence, AI) - intelligent systems perform creative functions that are traditionally considered human; science and technology of creating intelligent machines, especially intelligent computer programs
API
An application programming interface (API) is a computing interface which defines interactions between multiple software intermediaries. It defines the kinds of calls or requests that can be made, how to make them, the data formats that should be used
ACH Network
In the United States, the ACH Network is the national automated clearing house (ACH) for electronic funds transfers. It processes financial transactions for consumers, businesses, and federal, state, and local governments.
Angel investors
Angel Investor is a private venture capital investor providing financial and expert support to companies in the early stages of development.
AES
Advanced Encryption Standard- AES. American Standard, published 2001. There are probably no cryptographic products today that don't use AES. Used in WI-FI, WinRAR, PGP. DES is the predecessor to AES.
AES is a symmetric block encryption algorithm (block size 128 bits, key 128/192/256 bits), adopted as the encryption standard by the US government following the AES competition.
AWS
Amazon Web Services (AWS) is a subsidiary of Amazon that provides on-demand cloud computing platforms and APIs to individuals, companies, and governments, on a metered pay-as-you-go basis.
AML
Anti-money laundering (AML) is a set of measures and protocols aimed at combating money laundering and terrorist financing. AML is a complex area, reflected in a number of laws, procedures and directives, which, in reality, goes far beyond what the average person can imagine. AML laws require banks and other financial / credit institutions to continuously monitor transactions and reports for all amounts in excess of US $ 10,000 notional. Failure to comply with the requirements is fraught with the revocation of licenses for the bank, and their observance presupposes the constant and periodic closure of customer deposit and current accounts.
Accelerator
Accelerator serves as a
Big Data
Big data is a field that treats ways to analyze, systematically extract information from, or otherwise deal with data sets that are too large or complex to be dealt with by traditional data-processing application software.
Benchmark
Benchmark is an indicator serving for comparative assessment of various kinds of market values and is a reference point for determining some of them.
Blockchain
A blockchain, originally block chain, is a growing list of records, called blocks, that are linked using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data (generally represented as a Merkle tree).
Business Incubator
A business incubator is a company that helps new and startup companies to develop by providing services such as management training or office space.
Bank as a service (BaaS)
BaaS is a leasing banking infrastructure (license, payment processing, card issuance, compliance), instead of creating or buying it for other players
Blockchain as a service (BaaS)
Blockchain-as-a-Service (BaaS) allows businesses to use cloud-based solutions to build, host and use their own blockchain apps, smart contracts and functions on the blockchain developed by a vendor
Bootstrapping
Bootstrapping is building a company from the scratch up with nothing but personal savings, and with luck, the cash coming in from the first sales. The term is also used as a noun: A bootstrap is a business an entrepreneur with little or no outside cash or other support launches.
Biometrics
Biometrics are body measurements and calculations related to human characteristics. Biometrics authentication (or realistic authentication) is used in computer science as a form of identification and access control. It is also used to identify individuals in groups that are under surveillance
Bitcoin
Bitcoin is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto and started in 2009 when its implementation was released as open-source software.
Cloud
Cloud computing is the on-demand availability of computer system resources, especially data storage (cloud storage) and computing power, without direct active management by the user. The term is generally used to describe data centers available to many users over the Internet.
CFTO (Chief Fintech Officer)
Chief Fintech Officer is an executive-level position in a company or other entity whose occupation is focused on the digitalization of financial services, and the development of financial technologies as an ecosystem.
Crowdfunding
Crowdfunding is the practice of funding a project or venture by raising small amounts of money from a large number of people, typically via the Internet. Crowdfunding is a form of crowdsourcing and alternative finance.
Crowdsourcing
Crowdsourcing is a sourcing model in which individuals or organizations obtain goods and services, including ideas, voting, micro-tasks and finances, from a large, relatively open and often rapidly evolving group of participants.
Cryptocurrency
A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in a form of computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership.
Collaboartive Finance
Collaborative finance is a category of financial transaction that occurs directly between individuals without the intermediation of a traditional financial institution. This new way to manage informal financial transactions has been enabled by advances in social media and peer-to-peer online platforms.
Corporate Innovation
Corporate innovation can be defined as the process of enterprises implementing new innovation opportunities into existing business models. Established companies who engage in corporate innovation typically have a dedicated team towards innovation efforts.
Cognitive Computing
Cognitive computing means
Co-creation
Co-creation is a product-development approach that brings multiple entities – often customers, suppliers, startups, or business partners – together to come up with solutions or new concepts in both B2B and B2C.
Corpup
Corpup is a combination of two words corporation + startup. Corpup can be created between corporations and technolohical teams.
Chargeback (Cashback)
Chargeback is a return of money to a payer. Most commonly the payer is a consumer.
Coinbase
Coinbase is a digital currency exchange headquartered in San Francisco, California. They broker exchanges of Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, Tezos, and many others, with fiat currencies in approximately 32 countries.
Data
Data are characteristics or information, usually numerical, that are collected through observation. In a more technical sense, data are a set of values of qualitative or quantitative variables about one or more persons or objects, while a datum (singular of data) is a single value of a single variable
Data Scientist
A data scientist is a professional responsible for collecting, analyzing and interpreting extremely large amounts of data. The data scientist role is an offshoot of several traditional technical roles, including mathematician, scientist, statistician and computer professional.
Data Analysis
Data analysis is a process of inspecting, cleansing, transforming and modeling data with the goal of discovering useful information, informing conclusions and supporting decision-making. Data analysis has multiple facets and approaches, encompassing diverse techniques under a variety of names, and is used in different business, science, and social science domains. In today's business world, data analysis plays a role in making decisions more scientific and helping businesses operate more effectively.
Data mining
Data mining is the process of finding anomalies, patterns and correlations within large data sets to predict outcomes. Using a broad range of techniques, you can use this information to increase revenues, cut costs, improve customer relationships, reduce risks and more.
Digital wallet
A digital wallet (or e-wallet) is a software-based system that securely stores users' payment information and passwords for numerous payment methods and websites. By using a digital wallet, users can complete purchases easily and quickly with near-field communications technology.
Disruptive Innovation
In business theory, a disruptive innovation is an innovation that creates a new market and value network and eventually disrupts an existing market and value network, displacing established market-leading firms, products, and alliances. Not all innovations are disruptive, even if they are revolutionary.
Digital Money
Digital money is a form of currency that is available only in digital or electronic form, and not in physical form. It is also called digital money, electronic money, electronic currency, or cyber cash.
Digital Bank
Digital bank offers the same type of banking services such as a traditional bank except it operates entirely online without any single physical infrastructure, such as a bank branch. So customers of a digital bank can control their finances entirely from their smartphones and computers.
Digital Identity
A digital identity is information on an entity used by computer systems to represent an external agent. That agent may be a person, organization, application, or device. ISO/IEC 24760-1 defines identity as "set of attributes related to an entity".
Deep Learning
Deep learning (also known as deep structured learning) is part of a broader family of machine learning methods based on artificial neural networks with representation learning. Learning can be supervised, semi-supervised or unsupervised.
DLT
A distributed ledger (also called a shared ledger or distributed ledger technology or DLT) is a consensus of replicated, shared, and synchronized digital data geographically spread across multiple sites, countries, or institutions. Unlike with a distributed database, there is no central administrator.

A peer-to-peer network is required as well as consensus algorithms to ensure replication across nodes is undertaken. One form of distributed ledger design is the blockchain system, which can be either public or private.

DRAAS
Disaster recovery as a service, is the replication of hosting of physical or virtual servers by a third party to provide failover in the event of a man made or natural catastrophe. DRaaS can be especially useful to organizations that lack the necessary expertise to provision, configure, and test an effective disaster recovery plan (DRP).
eCommerce
E-commerce (electronic commerce) is the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the internet. These business transactions occur either as business-to-business (B2B), business-to-consumer (B2C), consumer-to-consumer or consumer-to-business. The terms e-commerce and e-business are often used interchangeably. The term e-tail is also sometimes used in reference to the transactional processes for online shopping.
eCheck
An eCheck is an electronic version of a paper check that provides different payment processing times and less waste. With an eCheck, money is electronically transferred from the payers' checking account and directly deposited to the sellers account, after passing through the ACH network.
EMV
A data scientist is a professional responsible for collecting, analyzing and interpreting extremely large amounts of data. The data scientist role is an offshoot of several traditional technical roles, including mathematician, scientist, statistician and computer professional.
E-mini
E-mini is an electronically traded futures contract that is a fraction of the value of a corresponding standard futures contract. E-minis are predominantly traded on the Chicago Mercantile Exchange (CME) and are available on a wide range of indexes, such as the NASDAQ 100, S&P 500, S&P MidCap 400, and Russell 2000, commodities, such as gold, and currencies, such as the euro.
Encryption
Data are characteristics or information, usually numerical, that are collected through observation. In a more technical sense, data are a set of values of qualitative or quantitative variables about one or more persons or objects, while a datum (singular of data) is a single value of a single variable
Equity Crowdfunding
Data analysis is a process of inspecting, cleansing, transforming and modeling data with the goal of discovering useful information, informing conclusions and supporting decision-making. Data analysis has multiple facets and approaches, encompassing diverse techniques under a variety of names, and is used in different business, science, and social science domains. In today's business world, data analysis plays a role in making decisions more scientific and helping businesses operate more effectively.
FinTech
Financial technology (abbreviated fintech or FinTech) is the technology and innovation that aims to compete with traditional financial methods in the delivery of financial services. It is an emerging industry that uses technology to improve activities in finance. The use of smartphones for mobile banking, investing, borrowing services, and cryptocurrency are examples of technologies aiming to make financial services more accessible to the general public. Financial technology companies consist of both startups and established financial institutions and technology companies trying to replace or enhance the usage of financial services provided by existing financial companies.

Finnovation
Financial Innovation is the action or process of creating new financial instruments, which allows us to use financial services remotely (online) and more efficiently (self-service, paperless).
Fiat Money
Fiat money (opposite to Digital Money) is a currency (a medium of exchange) established as money, often by government regulation, but that does not have intrinsic value (value independent of the nominal value, such as a precious metal might have). Fiat money does not have use value (inherent utility, such as a cow or beaver pelt might have), and has value only because a government maintains its value, or because parties engaging in exchange agree on its value
FinServ
FinServ=FinTech
Fintech Literacy
Fintech literacy is the ability to understand and effectively use various fintech solutions, including personal financial management tools (Digital Tools as eWallets, online payments apps etc.), budgeting, and investing (using robo-advisers and predictable AI). Fintech literacy helps individuals become independent from financial institutes and other intermediaries so that they can achieve financial freedom by saving time.
Freemium
Freemium, an abreviation of the words "free" and "premium", is a pricing strategy by which a product or service is provided free of charge, but money (a premium) is charged for additional features, services, or virtual (online) or physical (offline) goods that expand the functionality of the free version of the software. This business model has been used in the software industry since the 1980s. A subset of this model used by the video game industry is called free-to-play.
Gazelle Company
Gazelle company or just gazelle is a young and fast-growing company that was able to increase its sales revenue by at least 20% annually for 4 years or more, starting from a profit base of at least $1 million.
Green Finance
Green Finance includes all the initiatives taken by commercial and public agents (e.g. businesses, banks, governments, international organizations, etc.) in developing, promoting, implementing, and supporting projects with sustainable impacts on ecology through financial instruments.
Government cryptocurrency
The Government cryptocurrency is generally accepted, recognized, and centralized a new form of money in an economy that is used to facilitate transactional e-trade for goods and services.