Glossary

Glossary

A-to-Z of AML, KYC, sanctions, fraud, payments, ISO 20022, and regulatory terms—concise, clear, and searchable.

AML

Sanctions Screening

Process of checking parties against watchlists to prevent prohibited transactions.

Payments

ISO 20022

Rich financial messaging standard enabling structured data for payments and compliance.

Risk

Risk-Based Approach (RBA)

Allocating controls proportionate to customer, product, and transaction risk.

AI

Explainable AI

Models that provide interpretable reasons for alerts and decisions.

KYC

Know Your Customer

Due diligence process to verify customer identity and assess risk.

Compliance

Regulatory Compliance

Adherence to laws, regulations, and industry standards.

...

Speak with the Expert

Connect with our team to discover how SwiftNexus can transform your compliance and payment operations.