Industry WIKI

The Clearing House Automated Payment System (CHAPS) is a real-time gross settlement payment system used for sterling transactions in the United Kingdom. It is mainly used by financial institutions to make wholesale financial payments and by large companies to make corporate treasury payments. In 2024, 52.7 million CHAPS payments were made, worth a total of £87.5 trillion. This made up ju

A credit score is a numerical expression based on a level analysis of a person's credit files, to represent the creditworthiness of an individual. A credit score is primarily based on a credit report, information typically sourced from credit bureaus.

Dubai Leaks is a global collaborative investigative journalism project that has revealed the global elite's ownership of properties in Dubai. The project, named Dubai Unlocked, is based on data that provides a detailed overview of millions of properties in Dubai and information on their ownership or use, mostly between 2020 and 2022.

Equity release is a later-life housing finance product in the United Kingdom that allows homeowners to access money tied up in their home equity while continuing to live in the property. The most common forms are lifetime mortgages and home reversion plans. The loan and interest are repaid from the sale of the home after the borrower dies or moves into long-term care. In other countries

The gender pension gap (also known as the sex pension gap) is the percentage difference in pension income between women and men. It is often calculated as the difference between the average man's pension and the average woman's pension, expressed as a percentage of the man's. The gap averages 26% across OECD countries.

The International Finance Corporation (IFC) is an international financial institution that offers investment, advisory, and asset management services to encourage private sector development in developing countries. It is a member of the World Bank Group and is headquartered in Washington, D.C.

A mortgage broker acts as an intermediary who brokers mortgage loans on behalf of individuals or businesses. Traditionally, banks and other lending institutions have sold their own products. As markets for mortgages have become more competitive, however, the role of the mortgage broker has become more popular. In many developed mortgage markets today, (especially in the United States, Ca

In early August 2025, Pakistan's Defence Minister Khawaja Asif made claims that over half of the country's senior bureaucrats had purchased properties in Portugal and were arranging to obtain European (Portuguese) citizenship using illicit wealth. He alleged that these officials accumulated vast sums, "billions of rupees", through corrupt practices during their tenure, enabling them to r

The suggestion box is used for collecting slips of paper with input from customers and patrons of a particular organization. Suggestion boxes may also exist internally, within an organization, such as means for garnering employee opinion.

Teachers' Pension Scheme (TPS) is the statutory, unfunded defined-benefit public service pension scheme for eligible teachers and lecturers in England and Wales. It operates on a pay-as-you-go basis, with benefits paid from public funds. As at 31 March 2025, the scheme reported a pension liability of about £290.7 billion.

The Equitable Life Assurance Society (Equitable Life), founded in 1762, is a life insurance company in the United Kingdom. The world's oldest mutual insurer, it pioneered age-based premiums based on mortality rate, laying "the framework for scientific insurance practice and development" and "the basis of modern life assurance upon which all life assurance schemes were subsequently based"

UkraineInvest (Ukraine Investment Promotion Office) was established on October 19, 2016, by a resolution of the Cabinet of Ministers of Ukraine No. 740 as an independent advisory body with a mandate to attract and support foreign direct investment (FDI) and to help improve Ukraine's image as a secure investment destination.