From 0dc5f190c6ea4416ace7506d0f3309d22a03deb2 Mon Sep 17 00:00:00 2001
From: Melissa Henderson <57110301+melissahenderson@users.noreply.github.com>
Date: Tue, 22 Sep 2026 13:50:36 -0400
Subject: [PATCH] Update README.md

Replace ASE w/ FSP
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 README.md | 4 ++--
 1 file changed, 2 insertions(+), 2 deletions(-)

diff --git a/README.md b/README.md
index 6f8bf9eed6..c2008554f2 100644
--- a/README.md
+++ b/README.md
@@ -6,14 +6,14 @@
 
 ## What is Rafiki?
 
-Rafiki is open source software that provides an efficient solution for an [account servicing entity](https://rafiki.dev/resources/glossary#account-servicing-entity-ase) to enable Interledger functionality on its users' accounts.
+Rafiki is open source software that provides an efficient solution for a financial service provider (FSP) to enable Interledger functionality on its users' accounts.
 
 This includes
 
 - sending and receiving payments (via [SPSP](https://rafiki.dev/resources/glossary#simple-payment-setup-protocol-spsp) and [Open Payments](https://rafiki.dev/overview/concepts/open-payments))
 - allowing third-party access to initiate payments and view transaction data (via [Open Payments](https://rafiki.dev/overview/concepts/open-payments))
 
-**❗ Rafiki is intended to be run by account servicing entities only and should not be used in production by non-regulated entities.**
+**❗ Rafiki is intended to be run by financial service providers only and should not be used in production by non-regulated entities.**
 
 Rafiki is made up of several components, including an Interledger connector, a high-throughput accounting database called [TigerBeetle](https://rafiki.dev/overview/concepts/accounting#tigerbeetle), and several APIs: