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Ballerine Documentation

Glossary

  • Ballerine: An open-source user risk decisioning infrastructure that helps companies automate their decisions for customer and business account-opening (KYC, KYB), underwriting, and transaction monitoring.

  • KYC: Know Your Customer. It is the process of verifying the identity of customers to ensure they are legitimate and not involved in illegal activities.

  • KYB: Know Your Business. Similar to KYC, it is the process of verifying the identity of businesses to ensure they are legitimate and comply with regulations.

  • Rules & Workflow Engine: A component of Ballerine that orchestrates and automates the different parts of the system using a flexible rules and workflow engine.

  • Plugin System: A component of Ballerine that integrates with third-party vendors, APIs, and data sources to enhance its functionality and capabilities.

  • Back Office: A case management dashboard in Ballerine that allows manual decision-making and review of user profiles and documents.

  • Frontend Headless SDK: Ballerine’s software development kit that enables real-time modification of KYC/KYB frontend user journeys.

  • User Flows UX/UI: Community-driven building blocks in Ballerine that provide KYC/KYB/document collection flows and user interfaces for mobile and web applications.

  • Rule Engine: A component of Ballerine that leverages various rule types to ensure user compliance with risk policies.

  • Workflow: A sequence of steps and actions defined in Ballerine to automate and manage the user risk decisioning process.

  • Community: The active and engaged group of developers, users, and contributors who support and contribute to the development and improvement of Ballerine.

  • Discord: An online communication platform where the Ballerine community gathers to discuss and collaborate on the project.

  • Slack: Another online communication platform used by the Ballerine community for discussions, support, and collaboration.

  • Issues: The section on GitHub where users can report bugs, suggest new features, and participate in discussions related to Ballerine.

  • Pull Request: A way for developers to contribute to Ballerine by proposing changes to the codebase.

  • CI: Continuous Integration. It is a development practice where changes to the codebase are frequently integrated and tested to ensure early detection of issues.

  • Release: A specific version of Ballerine that is marked as a stable and official release.

  • Roadmap: A high-level plan or timeline that outlines the future development and features of Ballerine.

  • Contributing: The process of actively participating and contributing to the Ballerine project, such as providing feedback, reporting bugs, or submitting code changes.

  • Open Source: A development approach where the source code of a software project is made freely available for anyone to view, use, modify, and distribute.

Please note that this glossary provides a brief explanation of key terms related to Ballerine and may not cover all possible definitions or variations of the terms.

Glossary

1. Ballerine: A case management system that allows businesses to optimize manual work, enhance teamwork, and monitor productivity.

2. Workflow: A series of interconnected tasks in Ballerine that make up a process, like KYC (Know Your Customer) or document approval.

3. Case: A specific instance of a workflow in Ballerine, representing a unique process for an individual enduser or business.

4. Task: An individual operation or step within a workflow in Ballerine, such as document selection or review.

5. Event: An occurrence in Ballerine that can initiate tasks, change the state of a case, or trigger workflows.

6. UI Component: An element of the Ballerine user interface, designed to be versatile for various workflow needs.

7. State: A snapshot of a case in Ballerine at a specific point in a workflow, helping track progression and manage tasks.

8. User: An operator or employee managing and operating Ballerine for their organization, such as reviewing cases or making decisions.

9. Enduser: The subject of a case in Ballerine, usually a customer or an individual entity undergoing the process outlined by a workflow.

10. Business: A client entity in Ballerine, undergoing a series of tasks defined in the workflow, similar to an enduser but with potential for more complexity due to multiple associated individuals or documents.

11. Rules Engine: A component of Ballerine that applies predefined business rules to automate decisions within workflows.

12. XState: The library upon which Ballerine’s workflows are built, providing state machine and statechart capabilities to model complex workflows.

13. Statecharts: A method of modeling system behavior (workflows) in Ballerine, showing the interaction between states and transitions.

14. Document Review: A task in Ballerine workflows where users review documents submitted by endusers or businesses.

15. Manual Review: A process in Ballerine where users manually evaluate a case, potentially approving, rejecting, or asking for more information.

16. Selfie Review: A task within certain Ballerine workflows where a selfie provided by an enduser is reviewed for validation purposes.

17. Final State: The concluding state of a workflow in Ballerine, marking the completion of a case.

18. KYC (Know Your Customer): A type of workflow in Ballerine that verifies the identity of endusers, ensuring that they’re real and legitimate entities.

19. KYB (Know Your Business): A type of workflow in Ballerine that verifies the legitimacy of a business, considering multiple UBOs, documents, and other collected information.

20. RBAC (Role-Based Access Control): A feature in Ballerine that limits system access to authorized users based on their roles within the organization.