FinTech GLOSSARY
A
ACPR
The Prudential Control and Resolution Authority is an institution responsible for supervising the activity of banks and insurance companies in France. The ACPR is an administrative authority whose monetary and financial code establishes independence for the exercise of its missions and financial autonomy. For its operation, the ACPR is backed by the Banque de France, which provides it with its resources, particularly human and IT resources.
Factoring
Factoring is a technique for financing and collecting receivables. It allows a company to assign its trade receivables to a specialized organization,
You can also find the term factoring, which is the English version of the word.
Payment institution agent
A payment service provider (PSP) is a credit institution or an establishment specializing in payments, allowing third parties (merchants, NGOs, etc.) to accept payments online.
AGI
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Aggregator
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AISP / PISP
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AMF
Financial markets authority with the objective of regulating, supervising, informing and protecting the French financial center, its players and the savings products marketed there.
ANI
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API (application programming interface)
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ASI
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Insurtech
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Automate
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B
BA (Business Angel)
Investor who individually decides to financially and personally support a business
Boss
Financial markets authority with the objective of regulating, supervising, informing and protecting the French financial center, its players and the savings products marketed there.
Benchmark
A point where activity and performance are measured and compared
Big Data
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Bitcoin
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Blockchain
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Bootstrap
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C
Cash back
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CGP
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Tax ID No.
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Cloud
Virtual infrastructure that contains an unlimited amount of data and information.
Crowdlending
Innovative way to invest in SMEs and the real economy via a digital platform.
Cryptocurrency / Active crypto
A cryptocurrency, also known as cryptoactive, is a currency issued from peer to peer, without the need for a central bank, usable by means of a decentralized computer network.
Crowdfunding / crowdfunding
Projects funded by the public, without the help of traditional funding actors.
D
Data
Information used to analyze or assess a possible outcome or trend
DSP2 / PSD2
European directive on payment services, highlighting better consumer protection and more secure payments.
E
eID
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Credit institution
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Payment institution
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F
Fintech
A combination of the word “finance” and “technology”, it refers to an innovative start-up using technology to rethink financial and banking services.
Fintech Forum
Brings together regulators and professionals to provide France with regulations adapted to the challenges of financial innovation, which is experiencing an unequaled increase to date
G
Growth
“Growth” management (growth stocks) consists for a manager of favoring securities which offer maximum visibility and which show regular growth.
H
Hackathon
Short event during which developers have to develop an IT project, usually a software or an application.
I
IFP
Intermediary in crowdfunding. Approval which allows to put in contact, via a platform, the project leaders and the people financing this project. Funding can take the form of loans with or without interest or grants
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Artificial intelligence
Implementation of a number of techniques to produce machines capable of simulating human intelligence
K
KYC (know your customer)
Name given to the procedure that allows a bank to identify a customer
Kys
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L
Banking license
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Term
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M
Machine learning
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N
Neobank
Have the ability to make transactions, withdrawals or money transfers on the web or on your mobile device
O
open banking
Technology to allow banks to share their data with other players in the financial sector, including fintech.
P
PFM
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PoS
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Payment Service Provider (PSP)
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PropTech
Transformation of the real estate market thanks to new technologies.
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R
Regtech
Managing regulatory processes within the financial industry through technology
Robo advisors
Online platform for financial investment advice.
RPA / APR Robotic process automation
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S
SaaS
Software as a service. Delivery of software at the request of a user (for example, by subscription)
SGP
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V
Valorization
The valuation of a company consists in calculating its financial value taking into account past accounting data and the development potential of the company.
W
web services
Amazon Web Services is a division of the Amazon group specializing in on-demand cloud computing services for businesses and individuals.