Podcast
Questions and Answers
What is one benefit of using Artificial Intelligence in banking apps for credit scoring?
What is one benefit of using Artificial Intelligence in banking apps for credit scoring?
- More accurate assessment of potential borrowers (correct)
- Slower assessment of potential borrowers
- Less accurate assessment of potential borrowers
- Higher cost for assessing potential borrowers
How does AI credit scoring differ from traditional credit scoring systems?
How does AI credit scoring differ from traditional credit scoring systems?
- AI uses more complex rules (correct)
- AI is more expensive to implement
- AI uses simpler rules
- AI is less data-driven
In what way is AI disrupting financial institutions in personal finance applications?
In what way is AI disrupting financial institutions in personal finance applications?
- By collecting irrelevant data
- By providing financial advice and collecting personal data (correct)
- By increasing financial risks for users
- By offering outdated financial advice
What is the main purpose of JPMorgan Chase's Contract Intelligence (COiN) platform?
What is the main purpose of JPMorgan Chase's Contract Intelligence (COiN) platform?
How does Wells Fargo use AI in customer communication?
How does Wells Fargo use AI in customer communication?
What aspect of the banking industry does IBM Watson contribute to?
What aspect of the banking industry does IBM Watson contribute to?
What is the main goal of blockchain interoperability?
What is the main goal of blockchain interoperability?
Why is processing power and time a challenge in blockchain ecosystems?
Why is processing power and time a challenge in blockchain ecosystems?
How does blockchain handle storage in a decentralized manner?
How does blockchain handle storage in a decentralized manner?
What is a critical consideration when implementing a blockchain-based solution?
What is a critical consideration when implementing a blockchain-based solution?
Why do some smart devices face challenges with ledger storage in blockchains?
Why do some smart devices face challenges with ledger storage in blockchains?
What role does management oversight play in ensuring blockchain technology aligns with strategic objectives?
What role does management oversight play in ensuring blockchain technology aligns with strategic objectives?
What does the updated ISA Course 3.0 include?
What does the updated ISA Course 3.0 include?
Which new module has been added to the updated ISA Course 3.0?
Which new module has been added to the updated ISA Course 3.0?
Who are the individuals appreciated for their contributions in the updated course?
Who are the individuals appreciated for their contributions in the updated course?
What is one of the new topics covered in the 'Emerging Technology and Audit' module?
What is one of the new topics covered in the 'Emerging Technology and Audit' module?
What resources are included in the DVD provided with the updated course?
What resources are included in the DVD provided with the updated course?
What specific content related to technology has been introduced in the new modules?
What specific content related to technology has been introduced in the new modules?
What is one of the main limitations of public cloud computing mentioned in the text?
What is one of the main limitations of public cloud computing mentioned in the text?
Which cloud computing model allows end users to access a shared pool of resources on-demand without owning them?
Which cloud computing model allows end users to access a shared pool of resources on-demand without owning them?
What does IaaS stand for in the context of cloud computing?
What does IaaS stand for in the context of cloud computing?
How does IaaS change the computing infrastructure according to the text?
How does IaaS change the computing infrastructure according to the text?
Which of the following is an example of Infrastructure as a Service (IaaS) provider mentioned in the text?
Which of the following is an example of Infrastructure as a Service (IaaS) provider mentioned in the text?
What does Cloud Computing enable end users to access without needing to purchase or own?
What does Cloud Computing enable end users to access without needing to purchase or own?
What is one of the additional areas of review for auditors in cloud computing?
What is one of the additional areas of review for auditors in cloud computing?
Why is it important for audit teams to be knowledgeable about the differences in cloud computing services?
Why is it important for audit teams to be knowledgeable about the differences in cloud computing services?
What should auditors have a clear understanding of in relation to cloud services?
What should auditors have a clear understanding of in relation to cloud services?
Which type of audits are performed by Cloud Service Providers?
Which type of audits are performed by Cloud Service Providers?
Why should the existing audit risk assessment process be flexible in the context of cloud services?
Why should the existing audit risk assessment process be flexible in the context of cloud services?
How does cloud computing impact business IT services according to the text?
How does cloud computing impact business IT services according to the text?
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