Share Know your FinTech buzzwords
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a branch of computer science that is involved in creating smart machines with human intelligence. The term may also refer to any machine that demonstrates human abilities like problem-solving and learning.
big data
Artificial Intelligence (AI)
Bitcoin
blockchain
a term that describes a huge volume of structured and unstructured data that organisations use for decision-making and strategic planning
tiny data
big data
large data
small data
one of the most popular cryptocurrencies, invented in 2008. It uses peer-to-peer technology and doesn’t require a centralised bank.
split payment
Bitcoin
blockchain
KYC
digital currency that is used to make transactions, and pay for goods and services. Due to its security, it’s almost impossible to counterfeit.
transaction
debit card
cryptocurrency
banking credentials
innovation due to technological progress that creates a new market or changes the existing one with its value
payment
crowdfunding
neobank
disruption
a network of physical objects with sensors, software and other technologies that allow them to connect with each other over the internet
Internet of Things (IoT)
financial planning
Things of Internet
cyber-attacks
an American public benefit corporation that maintains a crowdfunding platform. Their main focus is helping creative projects get funding.
M-Pesa
Robo-advisor
Kickstarter
RegTech
an outdated method, technology or system that is still being used
split payment
machine learning
payment gateway
legacy system
a method of data analysis that is directed at making computers act without being explicitly programmed. It is a part of Artificial Intelligence (AI).
open API
blockchain
minimum viable product (MVP)
machine learning
a version of a product that has basic features which make it usable. It is created in order to get feedback that is helpful in further development.
minimum viable product (MVP)
Artificial Intelligence (AI)
Near-Field Communication (NFC)
Internet of Things (IoT)
technology that enables communication between compatible devices without touching. It is used to make secure transactions or exchange data.
Robinhood
Near-Field Communication (NFC)
Robo-advisor
P2P transfers
an online payment system that supports online money transfers and works in many countries around the world
IAV
minimum viable product (MVP)
PayPal
KYC
a financial service that offers the possibility to trade stocks and exchange funds via a mobile app
Robo-advisor
open API
Robinhood
Kickstarter
information technology that is used to improve the regulatory processes within the financial services industry
FinTech
Robinhood
neobanks
RegTech
a database of records of transactions that is maintained by a network of computers rather than a central authority
blockchain
big data
legacy system
crowdfunding
an easy and secure way for users to verify their bank account details using online banking credentials
IAV (Instant Account Verification)
open API
payment gateway
split payment
