Glossary

A collection of key terms and definitions related to finance, investing and our platform.

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Zero-Balance Account

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Yield

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XML (Extensible Markup Language)

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Quick Settlement

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Journal Entry

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Hit Rate (Fraud Detection)

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Host-To-Host (H2H)

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Webhook

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Wire Transfer

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Vostro Account

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VASP

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Trapped Liquidity

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Tokenisation

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Treasury Management

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T+0 Settlement

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SWIFT GPI

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SWIFT

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Sub-Account

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Stablecoin Reserve

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Stablecoin Regulation

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Stablecoin API

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Smart Contract

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Settlement

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SEPA Instant

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SEPA (Single Euro Payments Area)

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Sanctions Screening

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Safeguarding (E-Money)

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Ring-Fenced Account

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Real-Time Payment

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PSD2

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Pre-Funding

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PIX

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PEP Screening

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Payment Service Provider (PSP)

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Payment Gateway

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Payment Finality

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Open Banking

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Nostro Account

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Non-Custodial Wallet

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Netting

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MiCA (Markets in Crypto-Assets)

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Maker-Checker

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Local Payment Rail

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Liquidity Management

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KYT (Know Your Transaction)

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KYC (Know Your Customer)

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KYB (Know Your Business)

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ISO 20022

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Instant Payments

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IBAN (International Bank Account Number)

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GENIUS Act

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FPS (Faster Payments Service)

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Foreign Exchange (FX)

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FedNow

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FCA-Regulated Payments

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Fiat Currency

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Faster Payments (FPS)

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Currency Hedging

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Stablecoin Payments

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Off-Chain

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On-Chain

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Payment Orchestration

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Liquidity Provider

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USDT (Tether)

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USDC (USD Coin)

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Payment Reconciliation

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Multi-Currency Account

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Payment Rail

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Virtual IBAN

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Fiat On-Ramp and Off-Ramp

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Stablecoin Settlement

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Stablecoin

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EMI Licence

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E-Money Institution (EMI)

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Digital Wallet

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Digital Asset

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Custodial Wallet

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Cross-Border Payments

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Corporate Treasury

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Correspondent Banking

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Blockchain Payment Processing

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Blockchain

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BIC (Bank Identifier Code)

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B2B Payments

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API-First Payments

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AML (Anti-Money Laundering)

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ACH (Automated Clearing House)