Glossary

Australian authorised deposit-taking institution. The door to the Financial Claims Scheme.

A bank and a middleware vendor renting ledgers, KYC, and cards to a fintech brand.

The licensed bank or EMI that owns the Visa/Mastercard range printed on the card.

India’s Deposit Insurance and Credit Guarantee Corporation. ₹5 lakh per depositor per bank.

A firm licensed to issue e-money. Safeguards funds. Not a bank. Not FSCS.

Swiss deposit protection. CHF 100,000 per client per bank.

For-benefit-of account. A pooled bank account titled for the fintech’s customers.

US deposit insurance up to $250,000 per depositor, per insured bank, per ownership category.

Brazil’s Fundo Garantidor de Créditos. R$250,000 per CPF per institution on eligible deposits.

UK Financial Services Compensation Scheme. Eligible deposits up to £85,000 per person per authorised firm.

International Bank Account Number. The SEPA address for a euro (and some other) account.

A heavier piece of plastic-adjacent marketing. Not a licence upgrade.

Regulated API access to payment accounts, with customer consent.

Brazil’s instant payment system, run by the central bank.

Indian stored-value instrument. A wallet or prepaid card, not a bank deposit.

EMI duty to keep client funds segregated from the firm’s own money.

Single Euro Payments Area. Euro credit transfers that should feel domestic.

Six-digit UK domestic bank identifier, paired with an account number.

India’s Unified Payments Interface. Instant, usually free account-to-account payments.

Virtual asset service provider. The crypto-exchange / custodian licence name in many countries.