Fintech Glossary from A to Z

The practice of analyzing large amounts of data to identify patterns and trends useful for making informed decisions.

A decentralized financial system that uses blockchain technologies to enable direct financial transactions between users, without the need for intermediaries.

The process of using digital technologies to provide banking services online.

A set of information that identifies an individual online, such as name, email address, and password.

A mobile application that allows users to store, manage, and use their digital payment methods, such as credit cards, debit cards, and other accounts.

A technology that uses a shared network of computers to store and manage financial transactions is called blockchain.

Due diligence is an evaluation process that involves a thorough and systematic review of documents and information related to a business or transaction. In the financial context, due diligence is used to verify the validity of provided information and assess the risks associated with a proposed transaction before finalizing it with another party. The review may include analysis of financial data, assets and liabilities, future projections, as well as ongoing operations and contracts. Essentially, due diligence is a way to ensure the accuracy and reliability of information used to make financial decisions.