Factors Driving Technological Progress in Financial Services
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Questions and Answers

What is a key component in finance and banking?

  • Risk assessment (correct)
  • Data analysis
  • Algo Trading
  • Stress testing
  • What is a common advantage of Algo trading mentioned in the text?

  • Reduced precision
  • Increased human control
  • Delayed execution
  • Lower transaction costs (correct)
  • Which tool provides better insights into changing economic conditions according to the text?

  • Big Data & ML algorithms (correct)
  • Algo Trading
  • Risk assessment
  • Stress testing
  • What is a characteristic of computerized trading based on pre-specified rules and controls?

    <p>Trade decisions are based on algorithms</p> Signup and view all the answers

    What does trend towards monitoring risks in real time refer to?

    <p>Continuously watching and analyzing risks as they evolve</p> Signup and view all the answers

    What are the two key factors that have contributed to the acceleration of change in the financial services sector?

    <p>Big Data and Technological Advances</p> Signup and view all the answers

    What is a key driver of Fintech innovation according to the text?

    <p>Growth of Big Data</p> Signup and view all the answers

    Which sector has quadrupled in market valuations since the global financial crisis, as mentioned in the text?

    <p>Public fintech firms</p> Signup and view all the answers

    What type of data processing involves structuring both multimedia and historical data?

    <p>Structured, unstructured data, multimedia</p> Signup and view all the answers

    Which among the following is classified as alternative data sources rather than traditional data sources in the context of Fintech?

    <p>Social Media</p> Signup and view all the answers

    'AI computer systems perform tasks that traditionally required human intelligence'. This statement refers to the utilization of:

    <p>Machine Learning Algorithms</p> Signup and view all the answers

    What is the main focus of the text?

    <p>The Role of AI in Fintech</p> Signup and view all the answers

    What region had the largest Fintech activity based on the text?

    <p>North America</p> Signup and view all the answers

    In which year did the survey 'Ghosts in the Machine 2018' take place?

    <p>2018</p> Signup and view all the answers

    What is one aspect of the text that discusses employee perceptions?

    <p>Fear of Fintech AI impact on Financial Services</p> Signup and view all the answers

    Which topic is NOT explicitly mentioned in the text?

    <p>Bitcoin and Cryptocurrency Trends</p> Signup and view all the answers

    What are some outcomes of fintech themes mentioned in the text?

    <p>Generation of new sources of revenue</p> Signup and view all the answers

    What is NOT an outcome of fintech in the CMI value chain?

    <p>Enhanced risk management</p> Signup and view all the answers

    Which area do Banks & Fintech NOT agree on, based on the text?

    <p>Services provided by fintech</p> Signup and view all the answers

    What is considered as Fintech’s advantage in the text?

    <p>Flexibility and focus</p> Signup and view all the answers

    What is a key consideration mentioned in the text for Fintech strategy?

    <p>Regulatory compliance</p> Signup and view all the answers

    Which type of investors have levelled off, as indicated in the text?

    <p>Angel / Seed investors</p> Signup and view all the answers

    What did Georg Cantor, the German mathematician, discover?

    <p>Set Theory</p> Signup and view all the answers

    According to the Financial Stability Board (FSB), what is the definition of Fintech?

    <p>Technologically enabled financial innovation with significant impact</p> Signup and view all the answers

    Which of the following is NOT a sector of innovation in Finance according to the text?

    <p>Healthcare</p> Signup and view all the answers

    What technology is associated with Big Data Analysis and Predictive Modeling?

    <p>Artificial Intelligence</p> Signup and view all the answers

    Which of the following is an example of a Market Support Service in Fintech?

    <p>Lending Marketplaces</p> Signup and view all the answers

    In the context of Fintech, what does AI refer to?

    <p>Artificial Intelligence</p> Signup and view all the answers

    Which technology is associated with Distributed Ledger Technology and Smart Contracts?

    <p>Blockchain</p> Signup and view all the answers

    'Technologically enabled financial innovation that could result in new business models' refers to:

    <p>'Robo-Advisory'</p> Signup and view all the answers

    What is the main focus of Fintech Management as mentioned in the text?

    <p>Utilizing technology to provide better financial services</p> Signup and view all the answers

    Which term best describes the application of technology in financial markets according to the Financial Stability Board definition?

    <p>Technologically enabled financial innovation</p> Signup and view all the answers

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