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Open banking and Blockchain

Authored by Vũ Thị Phương Anh 19050616

Special Education

University

Used 9+ times

Open banking and Blockchain
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13 questions

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1.

MULTIPLE SELECT QUESTION

20 sec • 1 pt

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Open banking refers to:

Greater financial transparency options for account holders ranging from open data to private data

The use of open APIs that enable two-party developers to build applications and services around the financial institution

The use of open source technology to achieve the ab

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

How many characteristics of open banking?

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3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Better accessibility to financial operations and increasing costs of financial operations are the advantages of open banking

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4.

MULTIPLE SELECT QUESTION

20 sec • 1 pt

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Enhanced security

Instant traceability

Decreased efficiency and speed

Automation

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Removing regulatory and compliance related risks are the roles of blockchain in open banking?

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6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is the pros when banks use blockchain in payments, especially Cross-Border Payments????????

faster and less expensive with bank blockchain than with traditional systems

If the cross-border payment is made in cryptocurrencies, it can impose certain security-related risks

can impose risks such as “private keys” – variables that are used for digital signatures that can be potentially stolen or lost.

reduce the redundancy of information and thus improve performance.

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

How many types of blockchain systems?

TWO

THREE

FOUR

FIVE

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