Fintech Quiz 2

Schueffel (2016) defined fintech as “a new financial industry that applies technology to improve operating activities”

• True

• False

Waupsh (2016) explained the four groups of fintech products as white label, direct label, red label and gold label

• True

• False

Gold-label fintech products are products that are directly delivered from

fintech platforms to consumers and to business.

• True

• False

There have been four stages of industrial revolution; (a) First Stage, (b) Second Stage, (c) Third Stage and Fourth Stage.

• True

• False

The usage of electronics and IT to achieve further automation of manufacturing is categorized under fourth stage of Fintech Industrial Revolution.

• True

• False

lu.com is the example of fintech VC investment in Asia with its peaks and valleys revolves around the worth of US$1 billion plus a large number of deals.

• True

• False

In modern times the advent of cryptocurrencies is traced to the emergence of the

first cryptocurrency, that is, Ethereum in 2009.

• True

• False

Cryptocurrencies, cryptotokens and cryptosecurities are considered as cryptoassets.

• True

• False

Cryptosecurities are a concept to desecuritize assets.

• True

• False

PayPal is the best example of e-wallet.

• True

• False