Fintech (Financial Technology)

What is the purpose of Fintech?

• make the most money possible for companies

• to improve and automate the delivery and use of financial services

• save customers the most money

• none of these

Money provided by large investors to finance new products and new businesses that have a good chance to be very profitable.

• profits

• retained earnings

• venture capital

• assets

A digital cash system that uses cryptography to secure the exchange financial transactions.

• P2P lending

• Blockchain

• NBFC's

• Crypto-currency

A digital ledger in which transactions made in bitcoin or another cryptocurrency are recorded chronologically and publicly.

• Venture Capital

• Blockchain

• Bitcoin

• NBFC's

Which company could a business use to get working capital loans?

• Kabbage

• Affirm

• Lending Club

• Robinhood

If you wanted mobile brokerage services, which company might you choose?

• Affirm

• Robinhood

• Kabbage

• Lending Club

If you wanted a company that uses robo-advisor technology to recommend a portfolio and automate the investment process you might choose?

• Tala

• Robinhood

• Kabbage

• Betterment

An institution that provides checking, a prepaid debit card and some form of savings account without the traditional brick-and-mortar building.

• Betterment

• Neobank

• Robinhood

• Lending Club

If you wanted to transfer money to a family member or coworker, which company would you choose?

• Zelle

• Kabbage

• Tala

• Affirm

What companies use to determine if a customer is likely to pay back borrowed money?

• Crypto score

• Robo-advisor

• FICO score

• Blockchain