Financial Glossary

EU regulation enabling secure third-party access to bank accounts via open banking APIs.

A system where banks share account data with authorized third-party providers through secure APIs.

Standardized international numbering system for identifying bank accounts across borders.

EU zone enabling cross-border euro transfers with the same ease as domestic transfers.

Automatic recurring payment where a merchant withdraws funds from your account on a schedule.

A spending plan that allocates expected income across categories over a period.

A classification for transactions (e.g., Food, Transport, Housing, Entertainment).

The net amount of money moving in and out of your accounts over a period.

Regular, predictable costs like rent, insurance, or subscriptions.

Costs that fluctuate month to month like groceries, dining, or entertainment.

Interest calculated on both the initial principal and accumulated interest from previous periods.

A pooled investment fund that trades on stock exchanges, typically tracking an index.

A payment made by a company to its shareholders, usually from profits.

The collection of all financial assets held by an investor.

The total value of a company's outstanding shares (share price x number of shares).

Total assets minus total liabilities — a snapshot of your overall financial position.

Savings set aside for unexpected expenses, typically 3-6 months of living costs.

A recurring payment for ongoing access to a product or service.

The process of spreading loan payments over time, with each payment covering interest and principal.

The yearly interest rate charged on borrowed money, including fees.

Savyy's automatic transaction classification using privacy-first artificial intelligence.

The PSD2-compliant open banking provider (by Bankin) that Savyy uses for bank connectivity.

The premium subscription plan offering unlimited bank connections and advanced features at EUR 3.99/month.