Abu Dhabi, 19 December 2024: Within the Arab Monetary Fund’s strategic directions to support digital transformation and enhance the digital financial literacy in Arab countries, and out of its belief in the importance of having robust reference for the terminologies of the financial technology industry, the Arab Monetary Fund, the Technical Secretariat of the Arab Regional Fintech Working Group, issued the second edition of the "Financial Technologies Glossary”.
The glossary consists of 13 chapters covering various financial technology terms, such as Artificial Intelligence, Distributed Ledger Technology, Cloud Computing, and Data Security. The total number of terms in this edition has grown to 2426 terms, compared with 1070, in the previous edition.
His Excellency Dr. Fahad M. Alturki, Director General and Chairman of the Board of the Arab Monetary Fund, emphasized that the release of this glossary reflects the AMF's commitment to keeping pace with technological advancements and supporting Arab countries in adopting modern financial systems. He noted that the glossary contributes to enhancing awareness of financial technology, encouraging innovation, and improving access to digital financial services.
His Excellency also highlighted the importance of regularly updating the glossary as a comprehensive reference that supports financial stability and economic diversification in the Arab region.
The glossary can be accessed through the following links:
-
Third Edition of the Glossary: https://www.amf.org.ae/en/publications/arab-regional-fintech-working-group/financial-technology-glossary-third-edition
-
Digital Searchable Version: https://www.amf.org.ae/en/fintech-glossary