SocGen CEO on Tech Changes in European Banking
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Business, Other
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University
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Hard
Wayground Content
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7 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary focus of the PSD2 European Union law?
To increase taxes on financial transactions
To enhance competition in the retail banking sector
To promote cryptocurrency usage
To eliminate cash transactions in Europe
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does Societe Generale plan to address the competitive threat posed by tech giants?
By reducing interest rates
By embracing new technologies and changing their model
By closing all physical branches
By increasing transaction fees
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is Societe Generale's current market priority according to the CEO?
Targeting the Asian market
Entering the US market
Focusing on the French market
Expanding into the German market
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a key component of Societe Generale's innovation strategy?
Eliminating all digital services
Focusing solely on traditional banking methods
Reducing staff numbers
Investing in startups and fostering internal entrepreneurship
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why did the CEO of Societe Generale start learning to code?
To better understand the IT challenges and opportunities
To create a new programming language
To develop new banking software
To replace IT staff
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the expected impact of digitalization on traditional banking branches?
Increase in the number of branches
No change in branch operations
Closure of branches due to reduced foot traffic
Expansion of branch services
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does the CEO view the future profitability of mobile banking in France?
Neutral with no expected growth
Pessimistic due to high competition
Negative due to regulatory challenges
Positive due to operational leverage and client growth
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