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WorksheetsFintech Quiz 2024
Total questions: 15
Worksheet time: 6mins
Crowdfunding platform is …
type of automated financial advisor that provides algorithm-driven wealth management services with little to no human intervention
innovative way to raise money from a large group of personal investors
record of all transactions updated and held by currency holders
Robo-advisor is …
a type of expert system optimized for financial services, specifically for investing and portfolio management advice
a type of distributed ledger that requires entries to be confirmed and encrypted via an advanced encryption technique
a form of finance that does not rely on central financial intermediaries such as exchanges, or banks
Mining
decentralized system where two persons interact with each other without a third-party intermediary
process or event in which a company attempts to raise capital by selling a new cryptocurrency
process which validates and adds transactions to the blockchain to bring new Bitcoin or other digital asset into circulation
Tokens
code for your digital wallet that you share with others so they can send you digital assets
units of value that blockchain-based organizations or projects develop on top of existing blockchain networks
government-issued currency that is not backed by a commodity, such as gold
Escrow
third-party service that holds funds or assets during a transaction, until the conditions of the agreement are met
online platform where users can buy and sell cryptocurrencies or other digital currencies
open source blockchain platform for the development of enterprise applications
Innovative technologies used to improve the efficiency and convenience of the insurance industry
Initial coin offering (ICO)
Insurtech
KYC (Know Your Customer)
Regtech
A pilot testing program that provides a safe, live environment for financial institutions to try out new products or services before being licensed
Machine learning
Open banking
Fintech sandbox
Smart contract
It allows banks and financial institutions to offer their services and make seamless integration for programmers
BNPL (Buy now, pay later)
API Banking
B2B Payments Ecosystem
CAPTCHA
Business model in which fintech firms and other third parties that meet a bank's security, legal, and compliance requirements integrate banking products into their own offerings without obtaining their own banking licenses, allowing them to leverage the bank’s regulatory infrastructure
Big Data
Cloud computing
Crypto-exchange
Banking-as-a-service (BaaS)
A set of alternative financial markets, products and systems that operate using crypto-assets and ‘smart contracts’ (software) built using distributed ledger or similar technology
Fast payments
Factoring
Decentralized finance (DeFi)
Digital ID
Set of services that enables consumers and small and medium-sized enterprises (SMEs) to share their bank and credit card transaction data securely with trusted third parties, who are then able to provide them with applications and services that save time and money
Robo-advisory services
Open banking
Peer-to-peer lending (P2PL)
Sandbox/Regulatory sandbox
Suptech is …
Short form of 'supervisory technology’
Short form of ‘superb techniques’
It monitors suspicious activities by preventing practices that involve disguising illegal funds as legit income
Anti-money laundering (AML)
Decentralized Finance (DeFi)
API (Application Programming Interface)
POP (Point-of-Purchase)
A book in which the monetary transactions of a business are published in the form of debits and credits
Encryption
Peer-to-Peer (P2P)
Letter of Intent (LOI)
Ledger
A decentralised blockchain network developed to function as a sort of operating system where you can build the so-called DApps
Initial Coin Offering (ICO)
Ethereum
E-wallet
Insurtech
