Fintech Glossary from A to Z

An angel investor (also known as a business angel, informal investor, angel funder, private investor, or seed investor) is an individual who provides funding capital to a new business, usually in exchange for a share in the company - often in the form of stocks or equity, convertible debt, or equity participation.

The activities that banks and other financial institutions carry out to prevent the use of financial services for illegal activities such as money laundering are known as anti-money laundering (AML) measures.

The acronym for "Application Programming Interface," which is a set of tools and procedures for integrating different software applications with each other.

API-based technologies that allow customers to access banking services through other applications are commonly referred to as Open Banking.

The process of verifying the identity of a user is commonly referred to as identity verification or identity authentication.

Automated investment services, such as robo-advisors, that use algorithms to create personalized portfolios are commonly referred to as digital investment platforms or digital wealth management services.