What role does 'RegTech' play in fintech?

Fintech MCQ Quiz

Quiz
•
Financial Education
•
12th Grade
•
Hard
IBSA Wealthstreet
Used 1+ times
FREE Resource
8 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Regulatory Compliance
Retail Technology
Renewable Technologies
Real-time Transaction Verification
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which technology is fundamental to blockchain in fintech?
Machine Learning
Distributed Ledger
Cloud Computing
Quantum Computing
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which fintech innovation is designed to verify and authenticate digital transactions securely?
Digital Wallets
Smart Contracts
Biometric Authentication
Distributed Ledger Technology
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which fintech concept involves using algorithms to analyze financial data and make predictions?
Algorithmic Trading
Crowdfunding
Digital Identity Verification
Cryptocurrency Mining
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary function of a decentralized finance (DeFi) platform in fintech?
Facilitate centralized banking services
Enable peer-to-peer lending without intermediaries
Manage traditional investment portfolios
Provide secure cryptocurrency storage
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the acronym 'API' stand for in fintech?
Automated Payment Interface
Application Programming Interface
Advanced Portfolio Integration
Automated Protocol Integration
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which technology enables real-time, cross-border payments in fintech?
NFC (Near Field Communication)
SWIFT (Society for Worldwide Interbank Financial Telecommunication)
DLT (Distributed Ledger Technology)
QR Codes (Quick Response Codes)
8.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary purpose of robo-advisors in fintech?
Provide mortgage advice
Automate investment management
Manage cryptocurrency portfolios
Facilitate peer-to-peer lending
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