Fintech Services Final - Fall

Which of the following best defines fintech?

• Financial software development

• Financial technology services

• Financial regulations

• Financial advisory services

What type of institution is typically not considered a part of the fintech ecosystem?

• Traditional banks

• Startups and tech companies

• Government agencies

• Venture capital firms

What does the term 'neobank' refer to in the fintech industry?

• Traditional brick-and-mortar banks

• Banks that exclusively operate online or via mobile apps

• Investment banks

• Central banks

Which fintech sector focuses on making lending and borrowing more accessible through online platforms?

• Regtech

• Insurtech

• Lendtech

• Cryptocurrency

What is the primary purpose of collecting and analyzing transactional data in fintech?

• To generate consumer intelligence

• To create regulatory policies

• To design marketing campaigns

• To track stock market trends

Which of the following is not typically considered a source of transactional data?

• Credit card transactions

• Social media posts

• Bank statements

• Satellite images

What does the term 'KYC' stand for in the context of transactional data?

• Know your customer

• Keep Your Cryptocurrency

• Key Yield Calculation

• Know your currency

How can fintech companies use consumer intelligence?

• To optimize supply chain management

• To improve customer experiences and tailor financial products

• To predict natural disasters

• To regulate financial markets

What is the main objective of sentiment analysis in consumer intelligence?

• Identifying consumer demographics

• Analyzing customer feedback on social media

• Assessing consumer emotions and opinions towards products or services

• Evaluating consumer creditworthiness

Which technology is often used to analyze unstructured data, such as customer reviews and social media posts, for consumer intelligence?

• Blockchain

• Artificial Intelligence (AI)

• Quantum computing

• Biometrics