I | Glossary - Definition

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Identification & Verification

Identification and verification are processes used to confirm the identity of an individual or entity. Identification involves recognizing and establishing who someone is, often through personal information or credentials. Verification, on the other hand, is the process of validating that the provided identification is accurate and authentic, typically using methods such as passwords, biometric data, or official documents. These processes are crucial in various fields, including security, finance, and online services, to ensure trust and prevent fraud.

Identifier

An identifier is a name used to uniquely distinguish entities within a system, such as variables, functions, or objects in programming. It allows for clear reference and manipulation of these entities within code, databases, or other structured environments.

Identity Provider

An Identity Provider (IdP) is a service or system that creates, manages, and verifies digital identities for users. It authenticates users by confirming their credentials, such as usernames and passwords, and provides them with access to various applications and services.

Identity Theft

Identity theft is a form of fraud where an individual's personal information, such as their name, Social Security number, credit card details, or other identifying data, is stolen and used without their permission.

Independent Review

An Independent Review is an objective evaluation conducted by an impartial third party to assess the quality, performance, or compliance of a product, service, process, or organization.

Information Sharing

Information sharing refers to the exchange of data, knowledge, or insights between individuals, organizations, or systems. It is a crucial process in various contexts, such as business, education, healthcare, and technology, facilitating collaboration, decision-making, and innovation.

Inherent Risk

Inherent risk refers to the level of risk that exists in the absence of any controls or mitigating factors. It is the natural level of risk that is present in a process, activity, or environment due to its inherent characteristics.

Initial Coin Offering (ICO)

An Initial Coin Offering (ICO) is a fundraising method used primarily by startups to raise capital for new cryptocurrency projects. In an ICO, a company offers digital tokens or coins to investors in exchange for established cryptocurrencies like Bitcoin or Ethereum, or sometimes fiat currency.

Insider Trading Prevention

Insider Trading Prevention refers to the regulatory measures and practices designed to prevent the illegal buying or selling of securities based on non-public, material information. These measures aim to ensure a fair and transparent financial market by prohibiting individuals with privileged access to confidential information from exploiting it for personal gain.

Institute of Chartered Accountants in England and Wales (ICAEW)

The Institute of Chartered Accountants in England and Wales (ICAEW) is a professional membership organization that provides qualifications and support for chartered accountants. Established in 1880, ICAEW promotes high standards, ethical practices, and continuous professional development within the accounting profession. It offers the prestigious ACA qualification, which is recognized globally, and serves as a leading authority on financial and business issues, influencing policy and regulation.

Insurance Technology (Insurtech)

Insurance Technology, commonly referred to as Insurtech, is the innovative application of technology to enhance and streamline the insurance industry. It involves the use of advanced tools such as artificial intelligence, big data analytics, blockchain, and the Internet of Things (IoT) to improve the efficiency, accuracy, and customer experience of insurance services.

Inter-American Drug Abuse Control Commission (CICAD)

The Inter-American Drug Abuse Control Commission (CICAD) is a specialized agency of the Organization of American States (OAS) focused on addressing drug-related issues in the Americas. Established in 1986, CICAD works to promote cooperation and coordination among member states to combat drug trafficking, abuse, and related crimes.

Internal Revenue Service (IRS)

The Internal Revenue Service (IRS) is a U.S. government agency responsible for administering and enforcing federal tax laws. It oversees the collection of taxes, processes tax returns, issues refunds, and ensures compliance with tax regulations. The IRS also provides guidance and resources to help individuals and businesses understand their tax obligations.

International Business Company

An International Business Company (IBC) is a type of corporate entity commonly used in international trade and investment. It is typically registered in a jurisdiction that offers favorable tax treatment, minimal reporting requirements, and a high degree of confidentiality.

International Chamber of Commerce

The International Chamber of Commerce (ICC) is a global business organization that represents enterprises of all sizes and sectors from around the world. Founded in 1919, the ICC works to promote international trade, responsible business conduct, and a global approach to regulation through advocacy, standard-setting, and dispute resolution services.

International Monetary Fund (IMF)

The International Monetary Fund (IMF) is a global financial institution established in 1944 to promote international monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.

International Organization for Standardization 20022 (ISO 20022)

ISO 20022 is an international standard for electronic data interchange between financial institutions. It provides a common platform for developing messages in a standardized format, facilitating efficient communication and interoperability across global financial systems.

International Phonetic Alphabet (IPA)

The International Phonetic Alphabet (IPA) is a standardized system of phonetic notation designed to accurately and uniquely represent the sounds of spoken language. Developed by the International Phonetic Association, it uses a set of symbols, primarily derived from the Latin and Greek alphabets, to denote each distinct sound, or phoneme, across different languages.

International Standards on Auditing (ISA)

International Standards on Auditing (ISA) are a set of professional guidelines developed by the International Auditing and Assurance Standards Board (IAASB) to ensure the quality and consistency of audits worldwide.

International Traffic In Arms Regulations (ITAR)

The International Traffic in Arms Regulations (ITAR) is a set of United States government regulations that control the export and import of defense-related articles and services. Managed by the U.S. Department of State, ITAR aims to safeguard national security and further U.S. foreign policy objectives by ensuring that defense technology and information do not fall into the hands of foreign adversaries.

Investigative Journalism

Investigative journalism is a form of journalism in which reporters deeply explore a single topic of interest, often involving crime, political corruption, or corporate wrongdoing.

Investment Fraud

Investment fraud refers to illegal schemes or deceptive practices designed to trick individuals into making financial investments under false pretenses.

Investor Relations (IR)

Investor Relations (IR) is a strategic management responsibility that integrates finance, communication, marketing, and securities law compliance to enable effective communication between a company, its shareholders, and the financial community.

Islamic State Of Iraq And The Levant (ISIL)

The Islamic State of Iraq and the Levant (ISIL), also known as ISIS (Islamic State of Iraq and Syria) or Daesh, is a militant extremist group that emerged in the early 21st century.

Glossary