Revolut CEO Says Martin Gilbert Is in Talks to Join Board

Revolut CEO Says Martin Gilbert Is in Talks to Join Board

Assessment

Interactive Video

Business

University

Hard

Created by

Quizizz Content

FREE Resource

The video discusses the challenges legacy banks face with outdated technology and the advantages startup banks have with new tech. It highlights the credibility issues startups encounter and their growth strategies. The video also covers funding strategies, revenue models, and expansion plans for banks. It details innovations in stock trading and the challenges of entering new markets. Finally, it addresses regulatory compliance and depositor security.

Read more

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one major advantage that startup banks have over traditional banks?

Fewer regulatory requirements

Access to more capital

Lack of legacy technology

More experienced staff

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why might a startup bank hire experienced professionals?

To reduce operational costs

To increase their credibility

To expand their product offerings

To avoid regulatory scrutiny

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does the startup bank manage to offer services like currency exchange without fees?

Through efficient technology and leverage

By reducing staff salaries

By charging higher interest rates

By increasing transaction fees

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which new markets is the startup bank planning to enter?

Europe and North America

Africa and the Middle East

Australia and Antarctica

Asia and Latin America

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does the startup bank ensure the safety of its deposits?

Through government insurance

By holding all funds in cash

By investing in high-risk ventures

By segregating client funds