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Fun Acronym Test


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Fun Acronym Test


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API
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"Application Programming Interface" A software intermediary that allows two applications to talk to each other. Each time you use an app like Facebook, send an instant message, or check the weather on your phone, you're using an API.

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API
"Application Programming Interface" A software intermediary that allows two applications to talk to each other. Each time you use an app like Facebook, send an instant message, or check the weather on your phone, you're using an API.
BSD/BRD
"Business Specification/Requirements Document" A formal document that outlines the goals and expectations an organization hopes to achieve by partnering with a vendor to complete a specific project. Describes the WHAT
CVP
"Customer Value Proposition" A business or marketing statement that describes why a customer should buy a product or use a service. It is specifically targeted towards potential customers rather than other constituent groups such as employees, partners or suppliers.
Data sovereignty
A country-specific requirement that data must remain within the borders of the jurisdiction where it originated. At its core, data sovereignty is about protecting sensitive, private data and ensuring it remains under the control of its owner.
PAS
"Policy Administration System" A software solution that executes insurance functions including rating, quoting, binding, issuing, endorsements, and renewals. Historically, these systems were inflexible, non-customizable, expensive, and an all-or-nothing type solution.
EBao
EBaoTech is a global leader in insurance technology with a mission to “make insurance easy”. aYo currently has their own PAS called Khula, which hold all of their current products. With the pending launch of the Family Cover product we are looking to host this on eBao's platform.
EVP
"Employee Value Proposition" It is the balance of the rewards and benefits that are received by employees in return for their performance at the workplace.
HCMS
"Human Capital Management System" An ERP system that manages HR Administration, Payroll and other areas of the Human Resources function.
KYC
"Know Your Customer" The mandatory process of identifying and verifying the client's identity when opening an account and periodically over time. In other words, banks must make sure that their clients are genuinely who they claim to be.
KPI
"Key Performance Indicator" Quantifiable measures to gauge performance over a period of time to meet specific objectives
MAD API
MAD API is the new MTN environment where everything is able to connect with everything through an API. It allows MTN applications to reuse common APIs to create experiences, to create processes, to try things. "Everything … will be interacting in one way or another through our MAD API platform.”
MDT
"Multidisciplinary team" A multidisciplinary team consists of members that have individual skills and knowledge that can be used collectively for the welfare of a particular project. Its work is based on shared principals. The members learn from their peers who are equipped with some extraordinary skills of their own.
MFS
"MFS Investment Management" Africa’s largest payment gateway. "We work with trusted partners across Africa to connect African consumers to each other and to the global digital economy. Supported by our constantly growing and trusted partner ecosystem, advanced API and rigorous compliance standards, our ‘network of networks’ enables interoperability across borders, currencies and payment systems."
MoMo
"Mobile Money Service" MTN Mobile Money is a secure electronic service that enables MTN Mobile Money wallet holders to store funds, send and receive money, make payments and do a number of other transactions simply using their mobile phone. It’s fast, simple, convenient and affordable. And it’s offered by MTN in partnership with over 10 partner banks, in a number of countries across Africa."
PaySpace
PaySpace is a cloud-based Payroll and Human Capital Management software system that manages an employees’ personal access to information via an ESS portal.
SIT
"System Integration Testing" Intended to test the functionality of a system as a whole after integrating all the system components. On the other hand, UAT (User Acceptance Testing) is responsible for testing the system from the user's perspective.
SWC
"Send with Care" With aYo Send with Care, you can get insurance cover for the money you send to loved ones using MTN Mobile Money. By sending money through “Send with Care” you will be purchasing cover valid for 120 days, every time you send money to a beneficiary (either an individual person or to a school for school fees).
Unit testing
A type of testing in which individual units or functions of software testing. Its primary purpose is to test each unit or function. A unit is the smallest testable part of an application. It mainly has one or a few inputs and produces a single output.
USSD
"Unstructured Supplementary Service Data" A communications protocol used in GSM networks for sending short text messages. USSD is similar in format to SMS, however, it is an instant messaging service, so messages are not stored on the operator side or on the subscriber's device.
WoW
"Way of Work" The Evolve Way of Working (WoW) process goal provides options for identifying and evolving how we will work together as a team. This goal is the combination of two former process goals, Form Work Environment and Improve Team Process and Environment, and it is highly related to the Continuous Improvement process blade.
TCF
"Treating Customers Fairly" The FSB describes it as follows: Treating Customers Fairly (TCF) is an outcomes based regulatory and supervisory approach designed to ensure that specific, clearly articulated fairness outcomes for financial services consumers are delivered by regulated financial firms.
UML
"Unified Modeling Language" A general purpose modelling language. The main aim of UML is to define a standard way to visualize the way a system has been designed. ... UML is not a programming language, it is rather a visual language. We use UML diagrams to portray the behavior and structure of a system.
URS
"User Requirements Specification" Describes the business needs for what users require from the system. User Requirements Specifications are written early in the validation process, typically before the system is created. They are written by the system owner and end-users, with input from Quality Assurance.
PSD
"Payment Services Directive" The Payment Services Directive is an EU Directive administered by the European Commission (Directorate General Internal Market) to regulate payment services and payment service providers throughout the European Union (EU) and European Economic Area (EEA).
Spring Boot
An open source Java-based framework used to create a micro Service. It is used to build stand-alone and production ready spring applications.
SMSC
"Short Message Service Center" The portion of a wireless network that handles SMS operations, such as routing, forwarding and storing incoming text messages on their way to desired endpoints. Wireless network operators connect SMSCs through SMS gateways.
PWA
"Progressive Web App" Web apps that use emerging web browser APIs and features along with traditional progressive enhancement strategy to bring a native app-like user experience to cross-platform web applications. ... The web application must be served over a secure network.
NiFi
"Niagara Files" Apache NiFi is an integrated data logistics platform for automating the movement of data between disparate systems. It provides real-time control that makes it easy to manage the movement of data between any source and any destination. It is based on technology previously called “Niagara Files” that was in development and used at scale within the NSA"
MVP
"Minimum Viable Product" A process of building a new product with core functionalities and important, minimum features, to test how the target audience would respond. Then, the building of the actual product takes place with the full set of features after a series of iterations, with feedback from early adopters.
LMS
"Learning Management System" A learning management system is a digital learning environment that manages all aspects of a company's various training efforts. It also manages user information for personalized delivery including their user profile, job functions and preferences.
Keycloak
An open source Identity and Access Management solution aimed at modern applications and services. It makes it easy to secure applications and services with little to no code.
FRS
"Functional Requirements Specification" Describes what the system must do; how the system does it is described in the Design Specification. ... If key end-users, developers, or engineers were involved with developing the requirements, it may be appropriate to have them sign and approve the document as well. Describes the HOW
FBNI
FBN General Insurance Limited is a Limited Liability Company licensed to transact general insurance business in Nigeria. The Company is a member of The Sanlam Group, South Africa and provides general insurance coverage to both individual and corporate clients.
ECW
"Ericsson Charging Wallet" Its an e-wallet like an MTN MoMo bank account. Used to receive premiums from customers, pay claims and agents.
BFF
"Backend For Frontend" The BFF pattern is an architectural software pattern that improves how data is fetched between clients (a browser, a mobile app or any device connected to the Internet) and servers (any machine hosted on the cloud or anywhere else).
BCEA
"Basic Conditions of Employment Act" The BCEA is an act of parliament put in place by the government to regulate and protect employees and the terms and conditions in the workplace.