Podcast
Questions and Answers
Which of the following is an impact of Fintech on the banking sector?
Which of the following is an impact of Fintech on the banking sector?
- Higher fees for traditional banking services
- Limited availability of alternative lending platforms
- Increased access to digital banking services (correct)
- Decreased reliance on mobile payment solutions
What is crowdfunding?
What is crowdfunding?
- A Fintech concept where individuals raise funds for projects by soliciting contributions from a large number of people (correct)
- A traditional banking practice of lending money to individuals
- A traditional banking practice of investing in startups
- A Fintech concept where individuals contribute to large-scale projects
What is robo-advisory?
What is robo-advisory?
- The use of artificial intelligence to predict market trends
- The practice of investing in high-risk assets
- The use of automated algorithms and technology to provide investment advice and portfolio management services (correct)
- The practice of relying on human financial advisors for investment decisions
What is blockchain technology?
What is blockchain technology?
How is blockchain used in Fintech?
How is blockchain used in Fintech?
Flashcards
What is an impact of Fintech on banking?
What is an impact of Fintech on banking?
Digital banking services are more accessible thanks to Fintech.
What is Crowdfunding?
What is Crowdfunding?
Individuals pool money together to fund projects through online platforms.
What is Robo-advisory?
What is Robo-advisory?
Automated algorithms and technology provide personalized investment advice and manage portfolios.
What is Blockchain technology?
What is Blockchain technology?
Signup and view all the flashcards
How is Blockchain used in Fintech?
How is Blockchain used in Fintech?
Signup and view all the flashcards
