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Banking Acronyms

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K

KB - knowledge base (in an expert system, the specific information or fact patterns associated with a particular subject matter and the rules for interpreting these facts)

KCBT - Kansas City Board of Trade (principal market for wheat and agricultural futures)

KDC - Key Distribution Center (computer memory area, server, or device used to store, distribute, and maintain cryptographic session information, and secret keys)

KDD - knowledge discovery in database (also known as data mining - process of analyzing large amounts of data to discover associations, patterns, and relationships)

KGI - key goal indicator (a measure that tells management, after the fact, whether an IT or other process has achieved its results, or fulfilled its business requirements)

KIBOR - Kuala Lumpur Interbank Offered Rate (interest rate charged by banks for large loans to other banks)

KM - knowledge management (the process of connecting people to people and people to information to create a competitive advantage)

KPI - key performance indicator (an indicator of performance, chosen from a larger pool of indicators, which is a particularly significant indicator of results)

KRI - key risk indicator (a management determination of a level of risk or a category of risk considered of greater significance than other possible risks and threats)

KYC - Know Your Customer Rule (ethical concept in the securities industry which recommends obtaining enough financial information about a customer to determine the affordability and suitability of investments for that customer)

KYC - Know Your Customer (due diligence that financial institutions and other regulated companies must perform to identify their clients and ascertain relevant information pertinent to doing financial business with them - incorporated into stricter procedures mandated by the Bank Secrecy Act and the USA PATRIOT Act)