Digital Finance Services Quiz

Fintech companies are known for being slower and less cost-effective compared to traditional banks.

The decision between fintech and traditional banking depends on the needs and priorities of individual businesses.

If a business requires customised financial services accessible through a mobile app or online platform, then traditional banking is the better choice.

Blockchain technology is considered the solution to spearhead the next generation financial market infrastructure.

Traditional banking is more likely to provide a wide range of financial services compared to fintech companies.

Digital credit providers are not part of the range of providers offering financial services.

Digital Financial Services are also known as 'financial technology' or FinTech.

In many countries, the evolution of finance has led to worse and more expensive access to services and products.

Digital Financial Services are solely delivered through traditional banking methods.

The Big Picture Society encourages firms to stick with antiquated designs and methods of accounting.

Digital finance ecosystems aim to exclude certain communities from accessing financial services.

Old school methods of accounting and verification are streamlined, efficient, and integrate well in today's global economy.

Digital finance aims to advance resilience, well-being, and equity for underserved communities.

Security tokens are not related to traditional ownership certificates.

Blockchain and security tokens are expected to have no impact on the investment industry.

The financial system mainly serves as a mediator between areas with surplus funds and areas with deficits.

Money managers, laws and regulations, transactions, and analysts are not part of the complexity of the financial system.

Central banks and other financial intermediaries have no control over the flow of money around the world.