Page 356 - The Digital Financial Services (DFS) Ecosystem

Ecosystem
T ools to manage the risk that a borrower or counterparty will fail
T ools to manage providers' risks in operating a digital financial
T ools to manage providers' risks, and at times user's risks (e.g.
for merchants or governments), in providing and/or using DFS
creates different levels of obligation based on the risk of the
A regulatory and/or business management approach that
to meet its obligations in accordance with agreed terms.
underlying transaction or customer .
services (DFS) system.
worthiness.
services.
Alternative and Related T erms Definition The use of an arbitrator , rather than courts, to resolve disputes. A process specified by a provider or by the rules of a payment scheme to resolve issues between end users and providers, or between an end user and its counter party. A set of records kept for an end user refl
Credit Bureaus, Credit Files

T erm

(continued) Arbitration Dispute Resolution Credit History Credit Scoring Credit Risk Management Operations Risk Management Fraud Risk Management Risk-based Approach Systemic Risk Financial Action T ask Force (FA TF) Infrastructure

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