Podcast
Questions and Answers
What does Financial Technology (FinTech) refer to?
What does Financial Technology (FinTech) refer to?
- The manual and inefficient management of finances by individuals
- The use of physical currency for financial transactions
- The use of modern technologies and software by businesses to offer automated financial services (correct)
- The traditional banking services provided by established banks
How has Mobile Payments impacted the way we manage our finances?
How has Mobile Payments impacted the way we manage our finances?
- It has made managing finances more complicated and time-consuming
- It has made managing finances more reliant on in-person bank visits
- It has made managing finances more secure and scalable (correct)
- It has had no impact on the way we manage our finances
What do tech-savvy customers, particularly millennials, expect from financial services?
What do tech-savvy customers, particularly millennials, expect from financial services?
- Complicated and time-consuming financial services
- Traditional and outdated financial services
- Financial services that require frequent in-person visits to a bank
- Effortless, secure, and scalable financial services without the need for in-person assistance (correct)
In what way do FinTech startups differ from traditional banks?
In what way do FinTech startups differ from traditional banks?
What does the term 'Payments' refer to in the context of FinTech?
What does the term 'Payments' refer to in the context of FinTech?
How are FinTech's innovative financial service offerings described?
How are FinTech's innovative financial service offerings described?
What is the primary means by which people access the web and make use of different financial services?
What is the primary means by which people access the web and make use of different financial services?
What was the impact of the Global Financial Crisis in 2008 on people's trust in traditional banking systems?
What was the impact of the Global Financial Crisis in 2008 on people's trust in traditional banking systems?
What has become more important than ever as a result of the Global Financial Crisis in 2008?
What has become more important than ever as a result of the Global Financial Crisis in 2008?
What is the main promise that many FinTech firms, especially in the global south, aim to reach?
What is the main promise that many FinTech firms, especially in the global south, aim to reach?
What has FinTech led to a disruption of in the financial industry?
What has FinTech led to a disruption of in the financial industry?
What type of lending platform operates by matching lenders directly with borrowers through online services?
What type of lending platform operates by matching lenders directly with borrowers through online services?
What is the process of funding a project or venture by raising money from a large number of people called?
What is the process of funding a project or venture by raising money from a large number of people called?
What kind of advice is provided by robo-advising in the asset management sector?
What kind of advice is provided by robo-advising in the asset management sector?
What is the estimated value of the mobile payment market according to Statista?
What is the estimated value of the mobile payment market according to Statista?
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