22A QUIZ 2 FINTECH 2025

What is the primary goal of FinTech?

• A) To maintain traditional financial systems unchanged.
  

• B) To complicate financial processes and transactions.
  

• C) To deliver financial services in more efficient and accessible ways using technology.
  

• D) To promote manual banking transactions over digital ones.

Which of the following is NOT an example of FinTech?

• A) Online Banking Platforms.
  

• B) Peer-to-Peer (P2P) Lending Platforms.
  

• C) Traditional brick-and-mortar banks.
  

• D) Robo-Advisors.

How does blockchain technology contribute to FinTech?

• A) By introducing centralized ledger systems.
  

• B) By increasing transaction costs and processing times.
  

• C) By providing transparent and secure recording of transactions.
  

• D) By eliminating the need for digital currencies.

Which regulatory body oversees telecommunications and multimedia activities related to FinTech in Malaysia?

• A) Bank Negara Malaysia (BNM).
  

• B) Securities Commission Malaysia (SC).
  

• C) Malaysian Communications and Multimedia Commission (MCMC).
  

• D) Financial Technology Enabler Group (FTEG).

What is the purpose of open banking?

• A) To restrict data sharing among financial institutions.
  

• B) To standardize APIs for third-party developers.
  

• C) To decrease collaboration between banks and fintech companies.
  

• D) To limit access to financial services.

What trend in FinTech involves decentralized lending, borrowing, and trading without intermediaries?

• A) Open Banking.
  

• B) Digital Currencies.
  

• C) Decentralized Finance (DeFi).
  

• D) Green Finance and Sustainable Investing.

How does RegTech contribute to the FinTech landscape?

• A) By increasing manual regulatory processes.
  

• B) By automating compliance processes and enhancing regulatory reporting efficiency.
  

• C) By ignoring regulatory requirements.
  

• D) By slowing down the development of financial services.

Which emerging FinTech trend focuses on investment decisions based on ESG criteria?

• A) Green Finance and Sustainable Investing.
  

• B) Artificial Intelligence and Machine Learning in Financial Services.
  

• C) RegTech and Compliance Automation.
  

• D) Digital Currencies and Central Bank Digital Currencies (CBDCs).

What is one of the key components of FinTech aimed at facilitating digital payments?

• A) Blockchain Technology.
  
  

• B) Robo-Advisors.
  

• C) Peer-to-Peer (P2P) Lending Networks.
  

• D) Digital Payment Platforms.

How does FinTech contribute to financial inclusion?

• A) By limiting access to financial services.
  

• B) By increasing barriers like paperwork.
  

• C) By providing access regardless of geographic location or economic status.
  

• D) By promoting traditional banking systems.