Networks

Participant

Any organisation or person that takes part in a financial network, such as a merchant, bank, member or department.

A participant is anyone who sends, receives or oversees money inside a network: a buyer, a seller, a bank, a lender, a pension fund, a department, a patient or a member. Different participants see different things and may do different things, according to the rules the network sets. Every network is defined by who its participants are and what flows between them.

This term is featured on on 24 October 2026.

Related terms

Closed networkA permissioned financial network where only approved institutions and participants take part.PermissionedOnly organisations and people you have approved can take part, each with defined permissions.