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Questions and Answers
What is one of the benefits of Fintech according to the text?
What is one of the benefits of Fintech according to the text?
- Enabling faster access to traditional banking services (correct)
- Providing exclusive services only to high-income customers
- Promoting in-person transactions over digital ones
- Offering physical branches for easier customer interaction
How does Fintech impact customer experience based on the text?
How does Fintech impact customer experience based on the text?
- It tailors products to individual customer needs (correct)
- It reduces financial inclusivity by limiting services
- It increases the cost of financial products for customers
- It only provides generic, one-size-fits-all solutions
Which aspect of financial transactions does Fintech aim to improve?
Which aspect of financial transactions does Fintech aim to improve?
- Offering more expensive deals to customers
- Enhancing speed and convenience for users (correct)
- Slowing down transaction processes for security reasons
- Increasing complexity and paperwork involved
What distinguishes Fintech services from traditional banking services?
What distinguishes Fintech services from traditional banking services?
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In what way does Fintech affect the affordability of financial services?
In what way does Fintech affect the affordability of financial services?
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