4. How does AI improve credit rating and loan approval?

Automates scoring, predicts defaults, detects fraud

9. What is one of the major social advantages of fintech?

Increasing financial inclusion for underserved populations

5. What is the primary factor driving the rapid expansion of Vietnam's fintech sector?

Growth of digital payments and e-commerce

6. What is a major challenge for cryptocurrency adoption in Vietnam?

Lack of a legal framework for digital assets

7. What is the main technological advantage of TPBank LiveBank?

Using facial recognition and eKYC for customer authentication

8. How does M-Pesa contribute to financial inclusion in Kenya?

By enabling financial transactions via mobile phones without bank accounts

3. How does Big Data help banks improve service and operations?

Personalizes marketing, optimizes products, detects fraud

2. Which fintech product enables individuals to lend and borrow money directly without going through traditional banks?

Peer-to-Peer Lending (P2P Lending)

10. What is a key challenge for commercial banks in competing with fintech companies?

Lack of specialized human skills to adopt new technologies

studbud

FINTECH

10 termsStudBud Administration

Quiz câu hỏi

Flashcards10 cardsFPractice quizPHost liveL

Questions 10

Answers

1
4. How does AI improve credit rating and loan approval?
Manually reviews applications
Approves only high-income applicants
Automates scoring, predicts defaults, detects fraud
Ignores customer financial data
2
9. What is one of the major social advantages of fintech?
Increasing financial inclusion for underserved populations
Limiting digital payments to urban areas only
Replacing all traditional banks with digital banks
Eliminating the need for any financial regulations
3
5. What is the primary factor driving the rapid expansion of Vietnam's fintech sector?
Government regulations
Decrease in investment
Growth of digital payments and e-commerce
Decline in cryptocurrency adoption
4
6. What is a major challenge for cryptocurrency adoption in Vietnam?
Limited internet access
Lack of a legal framework for digital assets
Low public interest in Bitcoin
Government bans on all crypto transactions
5
7. What is the main technological advantage of TPBank LiveBank?
Offering physical branches across Vietnam
Limiting transactions to business users
Using facial recognition and eKYC for customer authentication
Providing only loan services
6
8. How does M-Pesa contribute to financial inclusion in Kenya?
By enabling financial transactions via mobile phones without bank accounts
Providing only loan services
By requiring users to have a traditional bank account
Limiting transactions to business users
7
3. How does Big Data help banks improve service and operations?
Personalizes marketing, optimizes products, detects fraud
Limits interactions for security
Reduces digital banking need
Manually reviews applications
8
2. Which fintech product enables individuals to lend and borrow money directly without going through traditional banks?
Neobank
Peer-to-Peer Lending (P2P Lending)
Electronic Banking (E - banking)
Cryptocurrency
9
10. What is a key challenge for commercial banks in competing with fintech companies?
Fintech companies refusing to collaborate with banks
Lack of specialized human skills to adopt new technologies
Having too many physical branches
Excessive investment in cybersecurity
10
1. Which fintech product uses decentralized technology and digital assets like Bitcoin and Ethereum?
Peer-to-Peer Lending (P2P Lending)
Electronic Banking (E-banking)
Cryptocurrency
Electronic Wallet (E-wallet)

FINTECH Flashcards | StudBud