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Financial Services Platforms

Authored by David Turner

Other

12th Grade

Used 6+ times

Financial Services Platforms
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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a legacy financial services platform?

A modern, digitally-native platform.

A traditional system that predates digitalization.

A platform that relies on blockchain technology.

A platform for cryptocurrencies only.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a primary characteristic of legacy financial systems?

High security through blockchain technology.

User-friendly mobile apps.

Manual, paper-based processes.

Instant cross-border transactions.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following best describes digital financial services platforms?

Platforms that are exclusively used by banks.

Platforms that rely on physical branch interactions.

Platforms that utilize technology to deliver financial services.

Platforms that require in-person meetings for transactions.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which technology is NOT commonly associated with digital financial services platforms?

Artificial Intelligence (AI).

Blockchain.

Mobile apps.

Fax machines.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key advantage of digital financial services platforms for customers?

Limited accessibility due to physical branches.

Slower transaction processing times.

24/7 access and convenience.

Reduced security.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which platform allows users to make transactions using smartphones or other mobile devices?

Legacy financial services platforms.

Traditional banks.

Mobile payment platforms.

Checkbooks.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What technology has revolutionized customer experience in digital banking?

Fax machines.

Virtual reality.

User-friendly mobile apps.

Snail mail.

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