Beneficiary Management Platform Features Quiz
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Questions and Answers

What is the purpose of Find-a-Bank in the context of beneficiary details?

  • To provide financial advice to customers
  • To assist in tracking payment runs
  • To manage customer authentication
  • To autocomplete and check details when manually adding beneficiary details (correct)
  • Who is responsible for uploading bulk beneficiary details when setting up or transferring beneficiary details?

  • EDGE system
  • Convera
  • Find-a-Bank
  • Beneficiary Build Team (correct)
  • What problem does the platform solve for customers?

  • Assists in tax filing
  • Provides investment opportunities
  • Offers insurance services
  • Enables customers to save and manage all information needed for payments worldwide (correct)
  • Why is the platform used by customers with limited foreign currency capabilities in their existing finance platform or older finance platforms?

    <p>Unable to store complete payment information</p> Signup and view all the answers

    What is a key consideration mentioned regarding beneficiary data?

    <p>Need to keep beneficiary data up to date with any changes</p> Signup and view all the answers

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