FinTech Technologies

What does the term "Fintech" stand for?

• Financial Techniques

• Financial Technologies

• Future Investments

• Fundamental Training

Which of the following is an example of a peer-to-peer (P2P) lending platform?

• Visa

• PayPal

• LendingClub

• Mastercard

What is blockchain technology primarily known for in the fintech industry?

• Digital identity verification

• Cybersecurity software

• Cryptocurrency transactions

• Virtual reality simulations

Which fintech innovation allows users to round up purchases to the nearest dollar and invest the change?

• Cryptocurrency

• Digital Wallets

• Robo-Advisors

• Micro Investing Apps

Which fintech technology enables fast, cross-border money transfers?

• AI

• Peer to Peer Lending

• Near-field communication (NFC)

• Remittance platforms

What is a robo-advisor?

• Automated investment platform

• Digital banking app

• Cryptocurrency exchange

• P2P lending network

Which technology is essential for contactless payments using smartphones or smartwatches?

• Artificial intelligence

• Biometric authentication

• Blockchain

• Near-field communication (NFC)

What is the primary purpose of Know Your Customer (KYC) technology in fintech?

• Online shopping

• Fraud detection and prevention

• Peer-to-peer lending

• Data encryption

Which cryptocurrency is often referred to as "digital silver"?

• Bitcoin (BTC)

• Ethereum (ETH)

• Ripple (XRP)

• Litecoin (LTC)

What is the technology behind cryptocurrencies that ensures secure and transparent transactions?

• Artificial intelligence

• Biometric authentication

• Distributed ledger (blockchain)

• Quantum computing