Practice Key Drivers (28.1.2) - Digital Transformation and Financial Technology (FinTech)

Practice: Key Drivers

Lesson 28.1.2Digital Transformation and Financial Technology (FinTech)

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10 questions

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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
4 questions · about 3 min · pass mark 70%. Hints available.
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6 sample questions

Question 1.
What is cloud computing and why is it important for financial services?
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Think of it as renting server space.
Question 2.
Name one advantage of using mobile devices in finance.
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How do we use phones for banking?
3Question 3.
What is a key benefit of cloud computing for financial services?
- Enhanced security
- Cost reduction
- Limited scalability
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Consider the cost of maintaining physical servers.
4Question 4.
True or False: Mobile devices have no impact on financial services.
- True
- False
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Think about the apps we use daily.
Question 5.
Evaluate the security vulnerabilities associated with using cloud computing in finance and suggest possible mitigations.
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Consider both the technology and policies that can enhance security.
Question 6.
Propose a financial service built around IoT and explain how it would meet modern consumer expectations.
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Think about how data collection could personalize safety or convenience.

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