DGMFS

What is a common factor between young PMETs, Micro SMEs and Gig Workers?

• Catered heavily by incumbent banks

• Lack of credit history

• All are aged 30 and below

• Technologically savvy

Answer explanation

All these demographics have one thing in common, they do not have a solid credit history, and thus will find it difficult to apply for loans in normal incumbent banks.

What is other way Blockchain can be referred to?

• Blockchain Ledger Distribution

  (BLD)

• Technologically Distributed Ledger (TDL)

• Block Distributed Ledger Technology (BDLT)

• Distributed Ledger Technology

  (DLT)

How did Blockchain help IBM-Unilever?

• Improve the speed of reconciliation and billing

• Increase manpower

• Document where the ads actually appeared

• Cut out the scores of intermediaries

Answer explanation

Actually, less people are needed when using Blockchain.

This is because Blockchain helps to do the repetitive work of reconciliation and discrepancy checking, that would be otherwise done by real people.

Which of the following digital banks were successful in 2019?

• MYBank

• WeBank

• Kakao Bank

• Tinkoff bank

Answer explanation

Globally, there are about 250 digital banks, these are including both individual start-ups and branches from incumbent banks. Within this group there are only 4 that managed to be profitable in 2019: MYbank, WeBank, Kakao Bank and Tinkoff Bank.

What was one of the MAIN reasons that Kakao Bank succeeded?

• There was an underserved mobile banking landscape in 2016

• It has a parent company

• There were no reliable incumbent banks

• People were very technologically savvy

Answer explanation

During an interview with Kakao Bank in February 2020, they cited that the timing of its inception back in 2016 was one of the main factors of their success. As in 2016, there were no credible Korean mobile banking apps and thus this was an underserved market that held immense potential.

What advantage does Grab-Singtel have over other competitors?

• A partnership with an existing incumbent bank

• Grab being the top E-Wallet in Singapore

• 2 parent companies with massive databases

• A big influence on the older demographic

Which of the following are a type of Digital Marketing Intermediary?

• Facebook

• Google

• MRT Banners

• Instagram

Answer explanation

Digital Marketing Intermediary, means that it takes place on the digital landscape.

MRT banners that you see when walking to school are not included. But you can argue that SMRT is an intermediary for advertisements on their website