The Global Risks Alliance (GRA)
Topics at Fintech Nexus: the pages in this section are listed below, each with its own scope and status.
GRA · Established · service level R0
The Fintech Nexus topics are the nine subject dossiers of its field, among them payments and innovation, open finance, and digital assets and tokenisation. Each dossier sets out how the risk develops, what is measured and in which units, the public sources and their licences, the methods, who decides and the limits of the evidence.
GRA is a nonprofit business league for the financial services industry. It does not lend, underwrite, rate, invest, advise on or arrange transactions, and readiness work is not approval.
Topic pages in Fintech Nexus share one structure: mechanisms, indicators, sources, methods, decisions and limits, written for payments and fintech risk officers and compliance and financial-crime teams.
Each term as this page uses it. Where a standard-setting body defines the term, the wording follows that body.
| Term | Definition |
|---|---|
| Authorised push payment fraud | Fraud in which a victim is tricked into authorising a payment to a criminal's account. |
| Open banking | Open data sharing limited to payment accounts, as under the EU PSD2 regime. |
| Tokenised deposit | A commercial bank deposit represented as a token on a ledger, still a liability of the bank. |
| Model drift | Decline in model performance as the data in use moves away from the training data. |
| Customer due diligence | Identifying and verifying customers and understanding their risk, required under FATF Recommendation 10. |
The bodies and documents this page is read against. Status and editions change; each link goes to the issuing body.
New payment services and resilience.
TopicData portability, privacy and access.
TopicDigital market infrastructure and risks.
TopicFinancial model and decision risk.
TopicOnboarding, fraud and exclusion.
TopicCloud, cybersecurity and vendors.
TopicCompliance technology as research.
TopicAccess, SMEs and equitable design.
TopicDigital asset and tokenization research without exchange or custody.
The current service level is R0: information and enquiries. An enquiry receives a reference and names the next step; applications, payments, compute allocations and registrations open only when their team, terms and review capacity exist.