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 (C)</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 (A)</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 (A)</p> Signup and view all the answers

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

<p>Growth of Big Data (A)</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 (C)</p> Signup and view all the answers

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

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

What is the main focus of the text?

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

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

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

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

<p>2018 (D)</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 (B)</p> Signup and view all the answers

Which topic is NOT explicitly mentioned in the text?

<p>Bitcoin and Cryptocurrency Trends (A)</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 (D)</p> Signup and view all the answers

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

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

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

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

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

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

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

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

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

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

What did Georg Cantor, the German mathematician, discover?

<p>Set Theory (C)</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 (D)</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 (B)</p> Signup and view all the answers

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

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

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

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

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

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

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

<p>Blockchain (B)</p> Signup and view all the answers

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

<p>'Robo-Advisory' (B)</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 (C)</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 (B)</p> Signup and view all the answers

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