Zero trust

Zero trust assumes there is no implicit trust granted to assets or user accounts based solely on their physical or network location (ie. local area networks versus the internet) or based on asset ownership (enterprise or personally owned).


The process of verifying specific identity, document or product attributes, or determining the authenticity of credentials in order to give authorisation for a particular service.

Universal access device

Device designed to allow central bank digital currencies to be held and used offline. This could be a card or a specialised device.


People who have a bank account but do not actively use it. For example, they may receive a government benefit payment into the account but they then withdraw it in cash and do not use the account further.