FINTECH GLOSSARY QUESTIONS WITH DETAILED
VERIFIED AND 100% ACCURATE ANSWERS
Account-based payment instruments Correct Answers Payment
instruments that access funds held in accounts in contrast to some digital
asset-based payment instruments.
Advanced Economies (AEs) Correct Answers Countries classified as
'Advanced Economies' by the IMF's World Economic Outlook.
Aggregate Fintech Activity Index Correct Answers Indicator of fintech
activity across countries developed in the Fintech Activity note,
measured from 2014 to 2018.
Algorithmic decision-making Correct Answers The use of data inputs
and statistical models to make decisions, such as approving a payment or
loan.
AML/CFT measures Correct Answers Laws, regulations, and
supervisory actions to prevent, detect, investigate, or prosecute fund
movements related to crime.
Anti-tying rules Correct Answers Legal provisions that prohibit a
company from offering a product on the condition that a customer
obtains another product.
Application Program Interface (API) Correct Answers A set of rules and
specifications for software programs to communicate with each other.
, Artificial intelligence (AI) Correct Answers Theory and development of
computer systems able to perform tasks that traditionally require human
intelligence.
Asset-based lending (ABL) Correct Answers Lending products that are
secured by movable property assets, including tangibles and intangibles.
Automated Clearing House (ACH) Correct Answers An electronic
clearing system in which payment orders are exchanged among financial
institutions.
Bali Fintech Agenda (BFA) Correct Answers A set of twelve policy
elements developed by the IMF and the World Bank to harness fintech
benefits.
Banking-as-a-service (BaaS) Correct Answers Business model allowing
fintech firms to integrate banking products without obtaining their own
banking licenses.
Basel Core Principles (BCPs) Correct Answers The 29 Core Principles
for Effective Banking Supervision published by the Basel Committee for
Banking Supervision.
Big Data Correct Answers A generic term designating the massive
volume of data generated by digital tools and information systems.
VERIFIED AND 100% ACCURATE ANSWERS
Account-based payment instruments Correct Answers Payment
instruments that access funds held in accounts in contrast to some digital
asset-based payment instruments.
Advanced Economies (AEs) Correct Answers Countries classified as
'Advanced Economies' by the IMF's World Economic Outlook.
Aggregate Fintech Activity Index Correct Answers Indicator of fintech
activity across countries developed in the Fintech Activity note,
measured from 2014 to 2018.
Algorithmic decision-making Correct Answers The use of data inputs
and statistical models to make decisions, such as approving a payment or
loan.
AML/CFT measures Correct Answers Laws, regulations, and
supervisory actions to prevent, detect, investigate, or prosecute fund
movements related to crime.
Anti-tying rules Correct Answers Legal provisions that prohibit a
company from offering a product on the condition that a customer
obtains another product.
Application Program Interface (API) Correct Answers A set of rules and
specifications for software programs to communicate with each other.
, Artificial intelligence (AI) Correct Answers Theory and development of
computer systems able to perform tasks that traditionally require human
intelligence.
Asset-based lending (ABL) Correct Answers Lending products that are
secured by movable property assets, including tangibles and intangibles.
Automated Clearing House (ACH) Correct Answers An electronic
clearing system in which payment orders are exchanged among financial
institutions.
Bali Fintech Agenda (BFA) Correct Answers A set of twelve policy
elements developed by the IMF and the World Bank to harness fintech
benefits.
Banking-as-a-service (BaaS) Correct Answers Business model allowing
fintech firms to integrate banking products without obtaining their own
banking licenses.
Basel Core Principles (BCPs) Correct Answers The 29 Core Principles
for Effective Banking Supervision published by the Basel Committee for
Banking Supervision.
Big Data Correct Answers A generic term designating the massive
volume of data generated by digital tools and information systems.
