Introduction to FinTech

Question 1 of 10

Select the key new technologies of FinTech (Multiple Answers possible)

Question 2 of 10

A new field within the financial services industry that utilises information technology to enhance regulatory processes.
The application of technology to help highlight regulations which will help a start-up
using regulations to ensure that new technologies is not misused by companies

Question 3 of 10

the emergence of new technologies that are transforming the insurance industry, reducing costs for consumers and insurance companies.
the use of insurance in technologies, in the event of abrupt equipment failure
the application of technology to help consumers claim their insurance payouts

Question 4 of 10

Question 5 of 10

The innovative use of technology and/or business model to improve or transform the delivery of financial services and products to consumers and businesses
The use of financial services to work on new technology models
Helping financial institutes to use technology more effectively

Question 6 of 10

Create something new and compelling (Provide a new type of service)
Revolutionise the economics of a market (Offer a previously paid-for service free of charge)
Distribute across an existing customer base (Solve a problem for another business)
Sell products on a physical marketplace (Buy and sell physical items and resell them)

Question 7 of 10

Robo-advisers are a class of financial adviser that provide financial advice or porfolio management online with moderate to minimal human intervention.
An automated advisor that is controlled by a robot
A financial advisor which uses robots to help them plan their daily work

Question 8 of 10

Information is easily shared within the trade ecosystem in a trusted, private and scalable manner.
Cryptocurrency can be used to pay vendors from overseas
Trade can be standardised using blockchain

Question 9 of 10

Trade-based Money Laundering can be effectively halted through a blockchain system as data recorded will be authenticated and transparent
Suppliers can sell straight to a buyer as there will not be a need for a middle man anymore
Buyers can easily compare data on sales prices to ensure they are getting the best price available

Question 10 of 10

Which of the following is not a key driver of FinTech?