Fintech and Crowdfunding
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Questions and Answers

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?

  • 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?

  • 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?

    <p>A decentralized and transparent digital ledger that securely records and verifies transactions</p> Signup and view all the answers

    How is blockchain used in Fintech?

    <p>For secure and transparent transactions, smart contracts, and the development of cryptocurrencies</p> Signup and view all the answers

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