📋RISWIS Glossary
Banking Terms
A
Account Number Unique identifier assigned to each customer account for transaction processing.
AML (Anti-Money Laundering) Regulations and procedures designed to prevent illegal money laundering activities.
API (Application Programming Interface) Set of protocols and tools for building software applications and integrations.
Audit Trail Complete record of all system activities and changes for compliance and security.
B
Balance Current amount of money in an account, tracked separately for USD and LRD.
Branch Physical bank location with its own staff and operations.
Business Account Bank account type designed for commercial/business customers.
C
Cash Management System for tracking teller cash balances and daily reconciliation.
CTR (Currency Transaction Report) Required report for large cash transactions over regulatory thresholds.
Customer Individual or business that holds accounts with the bank.
Currency Type of money - RISWIS supports USD (US Dollar) and LRD (Liberian Dollar).
D
Dashboard Main screen showing summary information and quick access to functions.
Deposit Transaction that adds money to a customer's account.
Dormant Account Account with no activity for an extended period (typically 12+ months).
E
Encryption Security process of encoding sensitive data to prevent unauthorized access.
End-of-Day Daily closing process for tellers to reconcile cash and transactions.
F
Force Password Change Security requirement for users to update their password before system access.
G
Gateway External service connection (SMS, email, payment processing).
I
Inactive Account Account that has been temporarily suspended but can be reactivated.
Internal Transfer Money movement between accounts within the same bank.
J
jsPDF JavaScript library used for generating PDF reports in RISWIS.
JWT (JSON Web Token) Security token format used for user authentication and authorization.
K
KYC (Know Your Customer) Customer identification and verification procedures required by law.
L
LRD (Liberian Dollar) Official currency of Liberia, one of two currencies supported by RISWIS.
Loan Money lent to customers with agreed repayment terms and interest.
M
Money Transfer Service for sending money between accounts or to external recipients.
Multi-Currency RISWIS capability to handle both USD and LRD in the same system.
N
Notification System message or alert sent to users or customers (SMS, email, in-app).
O
ORM (Object-Relational Mapping) Database access method used by Prisma in RISWIS backend.
P
Permission Specific system access right assigned to user roles (e.g., CREATE_TRANSACTION).
Prisma Database toolkit and ORM used for data access in RISWIS.
Q
Queue System for managing SMS messages and other background tasks.
R
RBAC (Role-Based Access Control) Security model where access is granted based on user roles.
Reconciliation Process of matching system records with physical cash or external records.
Role User classification that determines system access (Admin, Teller, Manager, etc.).
S
SMS (Short Message Service) Text messaging system used for customer and system notifications.
Savings Account Standard account type for individual customers to deposit and save money.
Session Period of active user login to the system with valid authentication.
T
Teller Bank employee who processes customer transactions and handles cash.
Transaction Any financial operation (deposit, withdrawal, transfer) processed in the system.
Transfer Movement of money from one account to another.
U
USD (United States Dollar) International currency, primary currency supported by RISWIS.
User Bank employee with system access, assigned specific roles and permissions.
V
Validation Process of checking data accuracy and completeness before processing.
Variance Difference between expected and actual amounts (cash, transactions, etc.).
W
Withdrawal Transaction that removes money from a customer's account.
Workflow Defined sequence of steps for completing business processes.
Technical Terms
A
Authentication Process of verifying user identity before granting system access.
Authorization Process of determining what actions an authenticated user can perform.
B
Backend Server-side application that processes data and business logic.
Backup Copy of data stored for recovery purposes in case of system failure.
C
Cache Temporary storage for frequently accessed data to improve performance.
Component Reusable UI element in the frontend application.
D
Database Structured collection of data stored electronically (PostgreSQL in RISWIS).
Deployment Process of installing and configuring software for production use.
E
Environment System configuration (Development, Staging, Production).
Express.js Web framework for Node.js used in RISWIS backend.
F
Frontend User-facing part of the application (Next.js in RISWIS).
H
HTTP/HTTPS Web communication protocols, HTTPS adds security encryption.
L
Load Balancing Distribution of system load across multiple servers for performance.
Logging Recording of system events and activities for monitoring and debugging.
M
Middleware Software that acts between different applications or system components.
Migration Process of moving data or updating database structure.
N
Next.js React framework used for RISWIS frontend application.
Node.js JavaScript runtime environment used for RISWIS backend.
P
PostgreSQL Open-source relational database system used by RISWIS.
R
REST API Web service architecture used for communication between frontend and backend.
React JavaScript library for building user interfaces.
S
Schema Structure definition for database tables and relationships.
SSL/TLS Security protocols for encrypting data transmission.
T
TypeScript Programming language that adds type safety to JavaScript.
Tailwind CSS Utility-first CSS framework used for RISWIS styling.
V
Version Control System for tracking changes to code over time (Git).
W
Webhook Automated message sent between applications when events occur.
System-Specific Terms
C
Cash Drawer Virtual representation of teller's physical cash in the system.
D
Dashboard Widget Component displaying specific information on the main dashboard.
E
Export Function Feature to download reports in various formats (PDF, CSV, JSON).
F
Fast Transaction Quick transaction processing feature for common operations.
R
Report Generator System component that creates formatted reports from data.
RISWIS Regal Investment Services Web Information System - the complete banking platform.
S
System Settings Configuration options for customizing RISWIS behavior.
T
Transaction Reversal Process of undoing a completed transaction with proper approvals.
U
Unified Dashboard Single interface showing information from multiple system modules.
Acronyms Quick Reference
AML
Anti-Money Laundering
Compliance
API
Application Programming Interface
Technical
CTR
Currency Transaction Report
Compliance
JWT
JSON Web Token
Security
KYC
Know Your Customer
Compliance
LRD
Liberian Dollar
Currency
ORM
Object-Relational Mapping
Technical
RBAC
Role-Based Access Control
Security
REST
Representational State Transfer
Technical
SMS
Short Message Service
Communication
SSL
Secure Sockets Layer
Security
TLS
Transport Layer Security
Security
UI
User Interface
Technical
USD
United States Dollar
Currency
Need a term added? Contact the documentation team or submit a request through the help system.
Last updated: January 2025
Last updated