Practice Fintech Applications (28.4) - Digital Transformation and Financial Technology (FinTech)

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9 questions

Flashcard drill
5 cards from this section. Quick, good the night before a test.
Exercise
6 questions · about 4 min · pass mark 70%. Hints available.
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Quiz
3 questions · about 2 min · pass mark 70%. Hints available.
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6 sample questions

Question 1.
What is a digital wallet? Name one example.
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Think of applications that allow you to pay online.
Question 2.
What does InsurTech refer to?
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Consider technology's role in traditional insurance.
3Question 3.
Which of the following is an example of a digital payment method?
- NEFT
- Cheque
- Cash
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Think about methods that do not involve physical currency.
4Question 4.
True or False: Robo-advisors require human financial advisors.
- True
- False
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Consider if robots can operate without humans.
Question 5.
Explain the potential risks associated with P2P lending for borrowers and lenders.
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Consider what can happen in a direct transaction without a bank's mediation.
Question 6.
Evaluate how the growth of neo-banks could impact traditional banking fees.
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Reflect on why traditional banks might need to lower fees.

5 more questions in this section. Enroll free to practise them all.