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 (B)</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 (A)</p> Signup and view all the answers

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