Correspondent Banking
A relationship entered into between a small bank and a big bank in which the big bank provides a number of deposit, lending, and other services.
Related Terms
-
Web Services
Web service is part of a SOAP architecture and is defined as "a software system designed to support interoperable machine-to-machine communication”.
-
Financial Crimes Enforcement Network (FINCEN)
The Financial Crimes Enforcement Network (or FinCEN) is a bureau of the United States Department of the Treasury that collects and analyzes information about financial transactions in order to combat money laundering, terrorist financiers, and...
