Fintech and its Impact on the Financial Services Industry

What is fintech?

• A technology used for virtual reality gaming

• A term used to describe financial technology

• A type of cryptocurrency

• A platform for online shopping

Which of the following is an example of fintech?

• Donating to a charity

• Buying groceries at a supermarket

• Watching a movie at a theater

• Reading a book at a library

How much global investment has been made in the fintech sector since 2010?

• Less than $10 billion

• Around $50 billion

• Approximately $100 billion

• More than $200 billion

Which industry is fintech primarily disrupting?

• Healthcare

• Education

• Banking and finance

• Transportation

Which countries have the highest adoption of fintech services?

• United States and Canada

• China and India

• United Kingdom and Germany

• Australia and New Zealand

How many people worldwide do not have bank accounts?

• Less than 500 million

• Around 1 billion

• Approximately 1.5 billion

• More than 2 billion

What is M-Pesa?

• A mobile banking system in Kenya

• A social media platform

• A virtual reality game

• A cryptocurrency

What percentage of households in Kenya use M-Pesa?

• Less than 50%

• Around 70%

• Approximately 90%

• More than 95%

What impact has M-Pesa had on poverty in Kenya?

• No impact

• Lifted 1% of households out of poverty

• Lifted 2% of households out of poverty

• Lifted 5% of households out of poverty

What are robo-advisors?

• Automated financial planning services

• Robots used in manufacturing

• Virtual reality headsets

• Online shopping platforms