Glossary

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”.

Related Terms

  • Know Your Customer (KYC)

    Know Your Customer is the due diligence and bank regulation that financial institutions and other regulated companies must perform to identify their clients and ascertain relevant information pertinent to doing financial business with them.

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  • International Bank Account Number (IBAN)

    The International Bank Account Number (IBAN) is an international standard for identifying bank accounts across national borders in a way that would minimise the risk of propagating transcription errors.

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