FinTech Regulation and Evolution Quiz
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Questions and Answers

What is the main difference between 'Tech for finance' and 'FinTech'?

  • Tech for finance refers to early credit card services, while FinTech is related to digital stock exchanges.
  • Tech for finance duplicates traditional processes, while FinTech digitizes financial services.
  • Tech for finance is tied to legacy processes, while FinTech is decentralized and empowers users with Web3 technology.
  • Tech for finance focuses on traditional financial services, while FinTech focuses on disruptive financial innovations. (correct)

Which version of FinTech is associated with a shift from analog to digital technologies like ATMs and digital stock exchanges?

  • Fintech 3.0
  • Fintech 2.0 (correct)
  • Fintech 1.0
  • Fintech 4.0

Which type of financial innovation falls under Fintech 3.0?

  • Cryptocurrencies
  • QR Codes (correct)
  • Stable-coins
  • APIs as a Service

What technology is primarily associated with Fintech 4.0?

<p>Stable-coins (B)</p> Signup and view all the answers

Which financial service falls under Fintech 1.0 and Fintech 2.0?

<p>Peer to Peer FX Networks (B)</p> Signup and view all the answers

What type of insurance falls under the category of 'Smart Contract Driven' according to the text?

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

Which financial service is NOT associated with Fintech 4.0 according to the text?

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

'Decentralization and empowerment of users with Web3 technology and AI' primarily characterize which version of FinTech?

<p>(post 2010s to now) (B)</p> Signup and view all the answers

'P2P Mutual Insurance' falls under which category according to the text?

<p>(Decentralized Blockchain Evidence and Process) (A)</p> Signup and view all the answers

'Compliance and Regulations' are associated with which type of insurance according to the text?

<p>(Manual KYC and AML) (A)</p> Signup and view all the answers

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