Category: Finance

Finance

Mutual Fund

What is a Mutual Fund A mutual fund is an investment vehicle made up of a pool of money collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments and other assets. Mutual funds are operated by professional money managers, who allocate the fund’s investments and attempt to produce capital gains and/or income for…

Finance

Digital Transaction

What is a Digital Transaction A digital transaction is a seamless system involving one or more participants, where transactions are effected without the need for cash. Digital transaction involves a constantly evolving way of doing things where financial technology (fintech) companies collaborate with various sectors of the…

Finance

Open Banking

What is Open Banking Open banking is a system that provides a user with a network of financial institutions’ data through the use of application programming interfaces (APIs). The Open Banking Standard defines how financial data should be created, shared and accessed. By relying on networks instead…