REPORT: How to Transform Commercial Onboarding into Competitive Advantage.

nCino Identity Solutions Glossary

This glossary covers many of the common terms associated with regulated institutions, the customer onboarding process, and financial terms.

A

Affordability Insight

Anti-Bribery and Corruption (ABC)

Anti-Money Laundering (AML) Checks

Application Programming Interface (API)

Association of Certified Anti-Money Laundering Specialists (ACAMS)

B

Beneficial Owner (Ultimate Beneficial Owner)

Business Information Graph (B.I.G™)

C

Certified Anti-Money Laundering Specialist (CAMS)

Chief Risk Officer (CRO)

Companies House

Compliance Risk Assessment (CRA)

Corporate Governance

Counter Financing of Terrorism (CTF)

Counter Terrorist Financing (CFT)

County Court Judgement (CCJ)

Credit Decisioning

Credit Reference Agency (CRA)

Customer Due Diligence (CDD)

Customer Onboarding

Customer Screening

D

Data Processing Officer (DPO)

Defence Against Money Laundering (DAML)

Digital Transformation

E

Electronic Know Your Customer (eKYC)

Enhanced Due Diligence (EDD)

F

Financial Action Task Force (FATF)

Financial Conduct Authority (FCA)

Financial Intelligence Unit (FIU)

Fraud and Anti-Money Laundering (FRAML)

G

General Data Protection Regulation (GDPR)

Governance, Risk and Compliance (GRC)

H

His Majesty’s Treasury (HM Treasury)

I

Identity Verification (ID&V)

Intangible Fixed Assets

International Corruption Unit (ICU)

Issued Share Capital

J

Joint Money Laundering Steering Group (JMLSG)

K

Know Your Business (KYB)

Know Your Customer (KYC)

M

Fifth EU Money Laundering Directive (5MLD / AMLD5)

Fourth EU Money Laundering Directive (4MLD / AMLD4)

Market-wide Credit Exposure

Money Laundering (ML)

Money Laundering Reporting Officer (MLRO)

Sixth EU Money Laundering Directive (6MLD / AMLD6)

N

National Crime Agency (NCA)

Net Revenue Retention (NRR)

O

Office of Foreign Assets Control (OFAC)

Operating Profit

Own Risk and Solvency Assessment (ORSA)

P

Payment Services Directive 2 (PSD2)

Person of Significant Control (PSC)

Politically Exposed Person (PEP)

Prudential Regulation Authority (PRA)

R

Reputationally Exposed Person (REP)

Retained Earnings

Risk Management

Risk-Based Approach (RBA)

S

Sanction Designated National (SDN)

Shareholder Equity

Small Payment Institution (SPI)

Software as a Service (SaaS)

State Invested Enterprise (SIE)

Straight-Through Processing (STP)

Structured Finance

Suspicious Activity Report (SAR)

T

Tangible Fixed Assets

Terrorist Financing (TF)

Trade-Based Money Laundering (TBML)

Transaction Monitoring (TM)

Transaction Screening (TS)

Trust or Company Service Provider (TCSP)

U

Ultimate Beneficial Ownership (UBO)

United Nations Act (UNA)

United Nations Convention against Corruption (UNCAC)

United Nations Security Council (UNSC)

Unstructured Data