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FINTECH Flashcards | StudBud

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Which technology is primarily associated with digital currencies?

What is the purpose of the Rupay card?

FINTECH

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Questions 10

Answers

1
What is the purpose of the Rupay card?
To enhance financial accessibility in India
To facilitate international payments
To provide investment advice
To track cryptocurrency transactions
2
Which technology is primarily associated with digital currencies?
Blockchain
Artificial Intelligence
Big Data
Cloud Computing
3
What role does big data play in FinTech?
It increases the number of physical branches
It helps in analyzing customer behavior
It reduces the need for online transactions
It limits access to financial services
4
How has the penetration of the internet and smartphones affected FinTech?
Reduced transaction costs
Enhanced traditional banking
Increased financial literacy
Boosted FinTech growth
5
What does the term FinTech refer to?
Financial Transactions
Financial Trust
Financial Trading
Financial Technology
6
What is a potential benefit of using cloud computing in FinTech?
Improved data accessibility
Increased data storage costs
Less data security
Slower transaction processing
7
What is a significant challenge for FinTech companies?
High customer satisfaction
Low operational costs
Increased transaction speed
Regulatory compliance
8
Which of the following is a challenge in the FinTech sector?
Lack of customer interest
High transaction fees
Limited technology access
Data privacy and security
9
How do big data analytics impact financial services?
By increasing transaction times
By limiting data access
By providing insights for better decision-making
By reducing customer engagement
10
What is a potential risk associated with crowdfunding?
Limited market access
Lack of investor control
Fraudulent projects
High interest rates