WorksheetsFINTECH
Total questions: 15
Worksheet time: 15mins
FinTech stands for Financial Technology
TRUE
FALSE
Which of the following is a FinTech service ?
ATM withdrawals
Crowdfunding platforms
Paper-based cheques
Manual bookkeeping
Which of these is NOT considered FinTech?
Mobile banking apps
Cryptocurrency
Robo-advisors
Handwritten ledgers
FinTech only applies to banks and not to insurance or investment services.
TRUE
FALSE
Which of the following technologies supports FinTech the most?
Blockchain
Typewriter
c) Photocopier
Filing cabinets
A platform that connects borrowers and lenders without a traditional bank is called
Peer-to-peer (P2P) lending
Credit scoring
Digital insurance
Mobile payment
One advantage of FinTech is improving financial inclusion for unbanked populations
TRUE
FALSE
Which of these is an example of FinTech in investments?
Robo-advisors
Deposit slips
Cheque clearance
Bank tellers
FinTech eliminates all risks in financial transactions
TRUE
FALSE
Which payment service is commonly associated with FinTech?
PayPal
Postal money order
Traveller’s cheque
Passbook update
Elia travels frequently and prefers cashless transactions. She uses an app on her phone to store money, pay bills, and make purchases at stores. This FinTech tool is called
Robo-advisor
Crowdfunding
Digital wallet
Blockchain
Cybersecurity is one of the biggest risks for FinTech adoption
TRUE
FALSE
A startup raises money by collecting small contributions from a large number of people online. This is known as
Peer-to-peer lending
Crowdfunding
Mobile banking
Cryptocurrency mining
Which of the following is a challenge faced by FinTech companies?
Regulatory compliance
Faster innovation
Lower operating costs
Greater customer reach
Traditional banks face competition from FinTech mainly because customers prefer digital convenience
TRUE
FALSE
