B.I.S.S Research White Papers

FinTech Demystified

Robert Morel

Robert Morel

Robert Morel is a Full Stack Software Developer. Specializing in legacy applications. I have a particular interest in server management, operations and provisioning of deployment pipelines.
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FinTech encompasses multiple technology and business domains including Blockchain, Distributed Ledger Technologies (DLT), semantic web technologies and governance, among others.

ISITC Europe has created a glossary in an attempt to provide the reader with a sufficient set of definitions to assist with understanding of the terminology surrounding this subject. 

TermDefinition
Artificial Intelligence (AI)Is the application(s) based on machine learning algorithms, used  to analyse data repositories/data lakes to support decision making, evaluating data quality and identifying trader fraud.
 Application Programming Interface (API)API comprises a library of functions to support connectivity between applications data feeds and financial institutions.
BCBS 239Basel Committee on Banking Supervision’s regulation number 239, titled, “Principles for effective risk data aggregation and risk reporting”, its aim is to reduce systemic risk by focusing on governance of financial data within an organisation.
Big DataRefers to extremely large data sets captured within a repository. For financial institutions this takes the form of events associated with the life cycle of the trade and may include market data (i.e. pricing and analytics) and reference data (party, instrument and product). Typically closely related to AI (Artificial Intelligence). Also created to the concept of implementing a Data Lake where silos of transaction data are brought together.

View the full glossary at ISITC Europe CIC

Robert Morel

Robert Morel

Robert Morel is a Full Stack Software Developer. Specializing in legacy applications. I have a particular interest in server management, operations and provisioning of deployment pipelines.
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