Glossary

ACH:
Automated Clearing House.
Adoption Rate:
How quickly it takes new technologies to be adopted by the public at large.
AML:
Anti-Money Laundering—the efforts through legislation, regulation and through systems to track, identify and stop the laundering of illicit funds into the mainstream banking system.
Android:
An open mobile phone platform developed by Google and, later, the Open Handset Alliance. It consists of the operating system (on which everything runs), the middleware (allowing applications to talk to a network and to one another), and the applications (the actual programs that the phones will run).
AOs:
Algorithmic Operations.
API:
Application Program Interface.
App:
Short for application—a program or piece of software, especially as downloaded by a user to a mobile device.
App Phone:
A phone that provides open application support not limited to the phone handset, manufacturer’s operating system and applications; most common instances are the iPhone, Droid and NexusOne.
Augmented Reality (AR):
The overlaying of digital data on the real world.
Avatar:
A computer user’s representation of himself/herself, or alter ego, for use on computer systems.
B2B:
Business-to-Business—as in intraorganisational communication, collaboration and commerce; normally electronic, and usually using websites and/or web services.
Basel II and III:
The second and third of the Basel Accords, which are recommendations on banking laws and regulations issued by the Basel Committee ...

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