What is the primary goal of future business models as discussed in the first section?
Banking Will Eventually Be Invisible, Says Union Bank’s Chariman

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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To increase product prices
To drive marginal costs to zero
To expand physical stores
To reduce employee numbers
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the context of banking as a horizontal service, what is meant by 'invisible' financial services?
Services that are not advertised
Services that are free of charge
Services that are not regulated
Services that operate without user awareness
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it important for banks to partner with domain experts in different verticals?
To gain industry-specific knowledge
To avoid regulatory issues
To reduce operational costs
To increase their customer base
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a significant challenge faced by fintech companies according to the third section?
High failure rate
High operational costs
Limited market reach
Lack of customer interest
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How can banks help build trust in digital transactions among Filipinos?
By offering higher interest rates
By increasing marketing efforts
By acting as trusted curators
By reducing transaction fees
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