International Banking

1. What benefits can banks receive from utilizing fintech?

• Increased Efficiency

• Improved Accessibility

• Faster Payments

• All above

What major challenge did financial institutions face with the swift transition to digital platforms?

• Adapting to new cybersecurity threats

• Ensuring compliance with existing financial regulations not designed for a digital-first environment

• Addressing the digital divide in access to services

• Managing operational continuity during remote work

What is the primary purpose of linking mobile banking/payments with financial inclusion?

• Increasing transaction fees for users

• Limiting access to financial services for marginalized communities

• Promoting cash transactions over digital payments

• Allowing small loans to be disbursed and repaid through mobile platforms

A specific type of database which differs from a typical database in the way it stores information; store data in blocks that are then chained together. As new data comes in it is entered into a fresh block. Thats explanation is refer to

• Big data

• Blockchain

• Machine Learning

• Robotic process automation

Banks should combine operations with Fintech companies or establish their own Fintech companies and develop technology to optimize customer experience

• True

• False

Which of the following is NOT a potential benefit of blockchain technology in the financial services industry?

• Increased transparency and traceability of transactions

• Reduced costs and improved efficiency of payments and settlements

• Enhanced security and fraud prevention

• Elimination of the need for intermediaries in financial transactions

What are the major barriers to applying Fintech to the banking system?

• Equipment installation costs are very expensive

• Personnel training costs are expensive and not all personnel can operate

• Risks from information security and technology are increasing day by day

• All of the above

Which of the following is NOT a factor that contributed to the increased adoption of fintech banking services during the COVID-19 pandemic?

• 1. The shift towards digital transactions and reduced reliance on physical branches

• 1. The need for faster and more convenient access to financial services

• The introduction of government stimulus programs and financial assistance

• 1. The growing demand for contactless payment options

Which of the following is the dominating service provided by fintech firms in Vietnam ?

• P2P lending

• Cryptocurrency

• 1. Digital payment

• 1. Asset management

What is the current development trend of international banking?

• Be ready to accept and modify to increase competitiveness

• 1. Isolate the own system from world developments

• 1. New developments are accepted but with an unfriendly attitude

• 1. None of above