Fintech Dictionary

Terminology for the Digitalized Financial World

verfasst von: Prof. Dr. Rainer Alt, Dr. Stefan Huch

Verlag: Springer Fachmedien Wiesbaden

Buchreihe : Contributions to Finance and Accounting

Enthalten in: Springer Professional "Wirtschaft+Technik" , Springer Professional "Technik" , Springer Professional "Wirtschaft"

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Über dieses Buch

Fintech Dictionary - What is a blockchain framework? What is crowdlending or an ICO? The Fintech Dictionary helps readers in clarifying key terms that have emerged in the vivid field of financial technology (fintech). It links keywords from banking and insurance, from information technology as well as from innovation management – similar to the „melting pot“ of terms in reality. The collection of over 830 keywords presents the reader concise and up-to-date definitions of terms in an alphabetical order. It should serve students and interested parties from academia and practice alike.

Inhaltsverzeichnis

Frontmatter

A–D

Abstract

As part of decentralized finance (→DeFi), this →cryptocurrency is used to coordinate transactions on a decentralized lending marketplace. Aave allows to make loans (→crowdlending) and to form lending pools with various other →cryptocurrencies (e.g., →ETH, →DAI), as well as to conduct asset (→digital asset) and collateral exchanges. Aave’s →liquidity →token is based on →Ethereum’s →ERC-20 token and has also been used to establish other decentralized exchanges (→DEX) such as →Uniswap.

Rainer Alt, Stefan Huch

E–H

Abstract

To regulate →electronic money, the European Commission adopted the second e-money directive 2009/110/EC in 2009, which was incorporated into the →payment services supervision act in 2011. The directive defines the characteristics of e-money transactions as well as the type of e-money institutions, which have to meet lower capital requirements compared to a →banking license and thus should facilitate the market entry for new providers.

Rainer Alt, Stefan Huch

I–M

Abstract

Approach for the administration of identities and permissions in companies, which is usually based on a separate →application system or module that is linked to other →application systems of the company. The aim of the master data, which are usually managed on a central →IDM server, is to achieve a high degree of consistency and integrity of the data, so that →front-, →middle- and →back-office areas, for example, can access the current data stocks for →authentication and →authorization purposes. Identity management is usually a prerequisite for channel strategies (→multi-channel, →omni-channel) and →SSO. With the opening towards →multi-bank relationships (e.g., due to →PSD2) and the use of digital identities in other areas of life (e.g., health, public administration), services for identity management have become established. In this field of application, also known as →KYC, there are centralized solutions (e.g., PostIdent, Verimi, Veriff or WebID) as well as decentralized solutions based on →blockchain technology such as Hyperledger Indy, Sovrin or Vetri (→SSI).

Rainer Alt, Stefan Huch

N–R

Abstract

System of the Reserve Bank of India that processes payments as an →automated clearing house (ACH).

Rainer Alt, Stefan Huch

S–V

Abstract

A method used in →cryptography that is intended to provide additional security for the →hash values. Since random characters are added to the hash calculation it is known as “salting the hash”.

Rainer Alt, Stefan Huch

W–Z

Abstract

An access-restricted user environment that only allows authorized users (→authorization) access to a defined number of data or services. It may be implemented as a protected environment on mobile devices to provide a secure environment for corporate applications (e.g., during mobile work) or to prevent minors from accessing certain content. In a broader sense, →ecosystems also form a walled garden if they are successful in creating entry barriers for competitors and thus attain customer and partner loyalty.

Rainer Alt, Stefan Huch

Numerical Terms

Abstract

3D Secure is an XML-based →protocol that serves as an additional security check for online payment card transactions. The credit card company Visa was the first to use the “Verified by Visa” procedure to improve the security of →authentication of electronic card payments.

Rainer Alt, Stefan Huch

Backmatter

Titel: Fintech Dictionary
verfasst von: Prof. Dr. Rainer Alt
Dr. Stefan Huch
Verlag: Springer Fachmedien Wiesbaden
Electronic ISBN: 978-3-658-36056-6
Print ISBN: 978-3-658-36055-9
DOI: https://doi.org/10.1007/978-3-658-36056-6