WorksheetsFINTECH
Total questions: 15
Worksheet time: 5mins
Which of the following is correct about the definition of fintech?
Technology-enabled innovation in financial services associated with new business models, applications, processes or products, all of which have a material effect
Technology-enabled innovation only in financial institution associated with new business models, applications, processes or products, all of which have a material effect
Technology-enabled innovation only in financial institution associated with new business models, applications, processes or products, all of which have not a material effect
Technology-enabled innovation only in financial institution associated with technology companies just to launch new product
Reason behind emerging FinTech, except:
Technology
Demographics
Mobile financial services provide cheap banking solutions the unbanked
Satisfied customers
Credit cards are one of the technological innovations implemented in financial services, which was found in
1950s
1850s
2005s
1990s
If they cannot evolve to use technology to become a part in the current financial services model, they will be gone like dinosaurs. "They" means refer to
startup
existing large bank and financial institution
Entrepreneurs
Customers
This is the actors of financial technology industry:
1. financial institution
2. technology companies
3. startup
4. business and accountancy advisory firms
Which is the correct answer
1, 2, 3
1, 2, 4
all are correct
only 1 and 4
There are so many kind of technology that contribute to Fintech.
A specific type of database which differs from a typical database in the way it stores information; store data in blocks that are then chained together. As new data comes in it is entered into a fresh block. Thats explanation is refer to
Big data
Machine Learning
Blockchain
Robotic process automation
Which is the appropriate statement about open/ public API (Application Programming Interface)?
is a subfield of linguistics, computer science, and artificial intelligence concerned with the interactions between computers and human language, in particular how to program computers to process and analyze large amounts of natural language data.
an application of artificial intelligence (AI) that provides systems the ability to automatically learn and improve from experience without being explicitly programmed.
automation process works for companies instead of human beings and it can reduce human error always.
a publicly available application programming interface that provides developers with programmatic access to a proprietary software application or web service.
Choose 3 from all answer that refer to Technologies that contribute to Fintech
Machine Learning
Closed API
Cloud
Biometrics
1. COST ARE BEING INCREASED
2. SPEED AND EASE OF USE
3. ADVANCE SECURITY
4. VULNERABLE OF CYBER ATTACKS
What are the advantage of FinTech
all answer are correct
only 2 and 3
only 1, 2, 3
only 3 and 4
Kickstarter is a type of FinTech that belongs to
Mobile Payments Apps
Robo – Advisor
Crowdfunding Platforms
RegTech
Insuretech
focuses on the automation of compliance processes for financial institutions
refers to the application of technology to the insurance services model, which allows companies to provide tailored insurance services and data security.
are online investment management services that use alogarithms to optimally allocate assets and generate portfolios for customers.
allow entrepreneurs and early stage business to raise funds from all over the world, allowing them to bypass geographical boundaries and reach international markets and investors.
Who is the country in the emerging market that has the largest valuation of fintech companies and is also the origin of Ant Financial which was established?
India
China
US
Hongkong
Below are the risks faced by fintech, except
Privacy Challenges and Regulation
Credit Risk
Cyber attacks
Speed and ease of use
PayPal is a kind of fintech that belongs to
Digital or mobile Payment apps
peer to peer lending
Insuretech
Regtech
Which below is the right statement regarding "market capitalization" ?
multiply the company’s outstanding stock shares by the price of one share
multiply the company’s outstanding stock shares by the par (nominal amount) of one share
devided the company’s outstanding stock shares by the price of one share
devided the company’s outstanding stock shares by the price of one share
