DF 1st Activity

What is the purpose of Fintech?

• make the most money possible for companies

• to improve and automate the delivery and use of financial services

• save customers the most money

• none of these

Money provided by large investors to finance new products and new businesses that have a good chance to be very profitable.

• profits

• retained earnings

• venture capital

• assets

A digital cash system that uses cryptography to secure the exchange financial transactions.

• P2P lending

• Blockchain

• NBFC's

• Crypto-currency

A digital ledger in which transactions made in bitcoin or another cryptocurrency are recorded chronologically and publicly.

• Venture Capital

• Blockchain

• Bitcoin

• NBFC's

If you wanted a company that uses robo-advisor technology to recommend a portfolio and automate the investment process you might choose?

• Tala

• Robinhood

• Kabbage

• Betterment

An institution that provides checking, a prepaid debit card and some form of savings account without the traditional brick-and-mortar building.

• Betterment

• Neobank

• Robinhood

• Lending Club

If you wanted to transfer money to a family member or coworker, which company would you choose?

• Zelle

• Kabbage

• Tala

• Affirm

Which company would appeal most to individuals with no or poor credit history, but wanting a loan?

• Tala

• Robinhood

• Betterment

• Zelle

Select all of the following that help fintech companies be competitive with larger, more established companies?

• AI

• Chatbots

• Blockchains

• Robo-advisors

A term used in the venture capital industry to describe a privately held startup company with a value of over $1 billion.

• cash cow

• unicorn

• stallion

• dead ringer