LSP FB B2 - Unit 1: BANKING

Banking Platform

A digital system or software that allows users to access and manage banking services, like checking accounts, loans, and payments.

Biometric Authentication

A security process that uses physical characteristics, like fingerprints or facial recognition, to verify a person's identity.

Blockchain

A secure, digital ledger that records transactions across multiple computers to ensure transparency and prevent fraud.

Cash Flow

The movement of money in and out of a business or personal finances, representing income and expenses.

Cashback

A reward where a percentage of money spent on purchases is returned to the customer.

Checking Account

A bank account used for daily transactions, such as depositing and withdrawing money.

Commercial Bank

A bank that provides financial services like loans, deposits, and credit to businesses and individuals.

Corporate Success

The achievement of a company's goals, such as profitability, growth, and market leadership.

Customer-Centric Approach

A business strategy that focuses on meeting the needs and expectations of customers to enhance satisfaction.

Cyberattack

A malicious attempt to disrupt or gain unauthorized access to computer systems or data.

Cybersecurity

Measures taken to protect digital systems, networks, and data from unauthorized access or attacks.

Debt Restructuring

Adjusting the terms of a loan or debt to make it easier for the borrower to repay.

Digital Banking

Banking services provided online or through mobile apps, without the need for in-person visits.

Financial Foundation

The basic resources or structure needed to achieve financial stability or growth.

Fraud

Deceptive activities intended to gain financial advantage illegally.

Growth Rate

The rate at which a company, economy, or investment increases in value or size over time.

Growth Strategy

A plan to expand a business or increase revenue through new markets, products, or services.

Hassle-Free

Easy and convenient, without difficulties or complications.

High-Yield

Offering a higher-than-average return on investments or savings.

Homeownership

The state of owning a home rather than renting it.

In-Person Banking

Traditional banking done by visiting a bank branch physically.

Inventory

The goods or materials a business keeps on hand for sale or production.

Investment Bank

A financial institution that helps companies raise capital and offers advisory services for mergers and acquisitions.

Leverage

Using borrowed money to increase potential returns on an investment.

Mitigate

To reduce the severity or risk of something, like financial losses.

Monetary Policy

Actions by a central bank to control money supply and interest rates in an economy.

Mortgage

A loan used to buy a property, with the property itself as collateral.

Mortgage Rate

The interest rate charged on a mortgage loan.

Mutual Fund

A pooled investment fund managed by professionals, where investors share profits and losses.

Operational Efficiency

The ability of a business to minimize costs and maximize output or services.

Paycheck

A regular payment made to employees for their work.

Personalized

Tailored to meet an individual's specific needs or preferences.

Privilege

A special benefit or advantage available to certain individuals or groups.

Project Financing

Long-term funding for infrastructure or development projects, repaid from the project's revenues.

Revolutionize

To bring about a major change or transformation in a system or process.

Risk Tolerance

The level of risk an individual or business is willing to accept in investments or decisions.

Robo-Advisors

Automated platforms that provide financial advice or manage investments using algorithms.

Securities Trading

Buying and selling financial assets like stocks, bonds, or mutual funds.

Tailor

To customize or adapt something to suit specific needs or requirements.

Treasury Management

Managing a company's cash flow, investments, and financial risks.

Underwrite

To assess and assume the financial risk of a loan, insurance, or investment deal.

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