Bank 4.0

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 ...