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Credit Union Technology WCMSRho2019 Flashcards | StudBud
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Credit Union Technology WCMSRho2019
Credit Union Technology WCMSRho2019
13 terms
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StudBud Administration
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189 plays
Technology and Change
Flashcards
13 cards
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Practice quiz
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Questions
13
Answers
1
What will separate winners from losers?
AI
Access to Clean Data
Human Interaction
Silos
2
Digital and data are two separate strategic initiatives for credit unions.
True
False
3
Nomads are open to self-assembling their own suite of banking products.
False
True
4
AI can make correlations between information.
True
False
5
What are challenges with credit union Data?
all of these things
Data is siloed and in disjoined systems
Business owners don't have the data they need
No common definitions
6
<Blank> are the gateway to opportunities
AI learnings
Mobile banking apps
Payments
Shiny objects
7
A 360 degree payment ecosystem for financial services includes:
None of the above
All of these things
FI as an advice provider and value aggregator
FI as an access facilitator
8
Which department is responsible for understanding Digital?
Operations
Information Security
Information Technology
All business units of the credit union
9
Making data available to everyone is an example of:
Demonetization
Dematerialization
Democratization
Deception
10
AI does not have biases.
False
True
11
What are the two facets of Artificial Intelligence?
Machine Learning and Skynet
Deep Learning and Digitalization
Deep Learning and Context
Machine learning and Deep Learning
12
Which of the following is a challenge with getting digital right?
Not enough budget money
No vendors to support it
Disjoined systems
There are no challenges
13
Credit Unions should tackle technology by starting at the intent/Strategy and then......
Build a Data Corpus
Establish a Culture of Experimentation and Agility
All of these things
Exploit and Explore
