Digital Identity – Definition & Detailed Explanation – Digital Identity and Authentication Glossary

What is Digital Identity? Digital identity refers to the information that uniquely identifies an individual or entity in the digital world. It includes personal data such as name, date of birth, social security number, email address, and other identifying information. Digital identity is used in various online activities such as logging into websites, making online … Read more

Regulatory Framework – Definition & Detailed Explanation – RegTech Glossary

I. What is a Regulatory Framework? A regulatory framework is a set of rules, regulations, and guidelines established by a government or regulatory body to oversee and control the activities of individuals, organizations, or industries within a specific sector. It provides a structured approach to ensure compliance with laws and standards, promote transparency, and protect … Read more

Tax Planning – Definition & Detailed Explanation – Investment and Wealth Management Glossary

What is Tax Planning? Tax planning is the process of analyzing a financial situation or plan from a tax perspective. The purpose of tax planning is to ensure tax efficiency, which means minimizing tax liability and maximizing after-tax income. Tax planning involves understanding the tax implications of various financial decisions, such as investments, retirement planning, … Read more

Renewable Energy Certificates (RECs) – Definition & Detailed Explanation – Green and Sustainable Finance Glossary

What are Renewable Energy Certificates (RECs)? Renewable Energy Certificates (RECs), also known as Green Energy Certificates or Tradable Renewable Certificates, are a form of currency that represents the environmental attributes of renewable energy generation. RECs are created when one megawatt-hour (MWh) of renewable energy is generated and fed into the grid. These certificates are separate … Read more

Identity Synchronization – Definition & Detailed Explanation – Digital Identity and Authentication Glossary

What is Identity Synchronization? Identity synchronization is the process of ensuring that user identities and their attributes are consistent and up-to-date across multiple systems and applications within an organization. This synchronization helps to streamline access management, improve security, and enhance user experience by providing a seamless and unified identity management system. How does Identity Synchronization … Read more

Digital Claims Processing – Definition & Detailed Explanation – InsurTech Glossarry

What is Digital Claims Processing? Digital claims processing refers to the use of technology and automation to streamline and expedite the process of handling insurance claims. This includes the submission, assessment, and settlement of claims using digital tools and platforms, rather than traditional paper-based methods. By digitizing the claims process, insurers can improve efficiency, accuracy, … Read more