saldokiir
Saldokiir is a term used in financial technology to describe a fast balance settlement process across payment platforms. It denotes mechanisms that minimize the time between a transaction and the update of the involved accounts, aiming for near-instant settlement.
Etymology: The word combines saldo (balance) with kiir (fast) and has appeared in Baltic and Nordic fintech
Definition and scope: Saldokiir generally implies end-to-end settlement within seconds to minutes across providers, with applications
Mechanism: Core components include real-time messaging, access to pre-funded liquidity or real-time liquidity pools, automated reconciliation,
Applications: Digital wallets, card networks, remittance, and merchant settlements are common domains.
Benefits and risks: Benefits include faster fund access, improved cash flow, and better user experience. Risks
History and usage: The term is found in fintech discussions in Europe and the Nordic regions, but
See also: real-time payments, instant settlement, liquidity management.