AUG_FLASHCARD

Front

What is the primary use of AI in credit scoring?

Back

Evaluating borrower risk based on transaction history

Front

Which technology is the foundation of cryptocurrencies?

Back

Blockchain

Front

What does KYC stand for in fintech security?

Back

Know Your Customer

Front

Which AI method is widely used in fraud detection?

Back

Anomaly Detection

Front

What is the primary goal of RegTech in financial services?

Back

Automating regulatory compliance

Front

Which fintech service uses AI for investment decisions?

Back

Wealth management platforms

Front

What is Open Banking?

Back

A system where banks share financial data securely through APIs

Front

What is a smart contract in blockchain?

Back

A self-executing contract with terms written in code

Front

Which fintech innovation uses AI to detect money laundering?

Back

Anti-Money Laundering

Front

What is InsurTech?

Back

The application of technology and AI in the insurance industry