---
term: "Traceability"
category: "Governance and records"
url: https://federatedbanking.com/glossary/traceability
source: Federated Banking™ glossary
---

# Traceability

> A clear record of what happened, when and what followed, for every important financial operation.

Traceability means being able to answer what happened to a payment or payout, when, who approved it and what followed. Each operation carries a timeline, for example created, approved, processed, confirmed and reconciled, and can be reported on. It makes audits, queries and investigations straightforward.

Related terms: [Policy](https://federatedbanking.com/glossary/policy.md), [Exception](https://federatedbanking.com/glossary/exception.md)