FINTECH IN BANKING SECTOR

Which of the following is correct about the definition of fintech?

• Technology-enabled innovation in financial services associated with new business models, applications, processes or products, all of which have a material effect

• Technology-enabled innovation only in financial institution associated with new business models, applications, processes or products, all of which have a material effect

• Technology-enabled innovation only in financial institution associated with new business models, applications, processes or products, all of which have not a material effect

• Technology-enabled innovation only in financial institution associated with technology companies just to launch new product

Reason behind emerging FinTech, except:

• Technology

• Demographics

• Mobile financial services provide cheap banking solutions the unbanked

• Satisfied customers

Credit cards are one of the technological innovations implemented in financial services, which was found in

• 1950s

• 1850s

• 2005s

• 1990s

If they cannot evolve to use technology to become a part in the current financial services model, they will be gone like dinosaurs. "They" means refer to

• startup

• existing large bank and financial institution

• Entrepreneurs

• Customers

This is the actors of financial technology industry:

1. financial institution

2. technology companies

3. startup

4. business and accountancy advisory firms

Which is the correct answer

• 1, 2, 3

• 1, 2, 4

• all are correct

• only 1 and 4

There are so many kind of technology that contribute to Fintech.

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

• Machine Learning

• Blockchain

• Robotic process automation

Which is the appropriate statement about open/ public API (Application Programming Interface)?

• is a subfield of linguistics, computer science, and artificial intelligence concerned with the interactions between computers and human language, in particular how to program computers to process and analyze large amounts of natural language data.

• an application of artificial intelligence (AI) that provides systems the ability to automatically learn and improve from experience without being explicitly programmed.

• automation process works for companies instead of human beings and it can reduce human error always.

• a publicly available application programming interface that provides developers with programmatic access to a proprietary software application or web service. 

Choose 3 from all answer that refer to Technologies that contribute to Fintech

• Machine Learning

• Closed API

• Cloud

• Biometrics

1. COST ARE BEING INCREASED

2. SPEED AND EASE OF USE

3. ADVANCE SECURITY

4. VULNERABLE OF CYBER ATTACKS

What are the advantage of FinTech

• all answer are correct

• only 2 and 3

• only 1, 2, 3

• only 3 and 4

Kickstarter is a type of FinTech that belongs to

• Mobile Payments Apps

• Robo – Advisor

• Crowdfunding Platforms

• RegTech