FINTECH

Front

What is a primary benefit of using mobile payments?

Back

Secure and cashless transactions

Front

Which technology enhances the security of payment gateways? Options: Cloud storage, Machine learning, Blockchain, QR codes

Back

Blockchain

Front

What is the function of budgeting apps?

Back

Track expenses and support financial planning

Front

What challenge does digital banking help solve?

Back

Lack of access to traditional banking

Front

What is a key feature of robo-advisors?

Back

Automated investment recommendations

Front

What does Insurtech focus on improving?

Back

Insurance processes and accessibility

Front

Which of the following is a major advantage of blockchain? Higher costs, Transparency and fraud prevention, Manual verification, Reduced data security

Back

Transparency and fraud prevention

Front

What do crowdfunding platforms help users do? a. Raise money without traditional banks b. Trade stocks automatically c. Store medical data d. Pay insurance premiums

Back

Raise money without traditional banks

Front

What is a FinTech sandbox?

Back

A controlled environment for testing innovations.

Front

Which country operates the MAS FinTech Sandbox?

Back

Singapore