10 Questions
Vacuumlabs worked with Spanish FinTech Doconomy to develop technology that combines data on credit card purchases with carbontracking data.
False
Cogo is a Swedish carbon-tracking FinTech that uses the UK's Open Banking infrastructure to make APIs available to banks.
False
The UK's 'Big 4' bank, Barclays, integrated carbon tracking into their banking apps with the help of Cogo.
False
Fintech tools and techniques are only relevant in certain parts of the financial services value chain.
False
In many countries, payments are still predominantly made using traditional methods rather than digitally.
False
The use of robo-advisors is limited to assisting customers in navigating basic financial tasks.
False
Big data and advanced data analytics are primarily used for marketing purposes in the financial sector.
False
Trading in financial markets is becoming less automated due to increasing regulatory restrictions.
False
Central banks are exploring the use of blockchain-based systems to improve the accuracy, efficiency, and security of their payment infrastructure.
True
Green finance applications have no impact on the development of new types of loans or insurance products.
False
Test your knowledge on the advantages of using Distributed Ledger Technology (DLT) in transactions. Learn how DLT simplifies processes, streamlines negotiation time frames, and ensures transparency for all participants. Explore how DLT can enhance customer service and improve transaction efficiency.
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