Page 357 - The Digital Financial Services (DFS) Ecosystem
P. 357
ITU-T Focus Group Digital Financial Services
Ecosystem
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 reflecting their use of credit, in
worthiness. services (DFS) system. services. underlying transaction or customer . one individual provider or end user . financing.
Alternative and Related T erms The core systems and capabilities that enable DFS transactions
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
322
