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Nubank Business Strategy Quiz

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Questions and Answers

Match the following terms with their descriptions:

DPI (Digital Public Infrastructure) = Facilitates delivery of essential services and benefits to the general public Open Banking (OBIE Standards) = Established by a group of the nine largest banks in the UK Open Banking (UK) = Reached $50 billion in total purchase value in 2022 Pay-by-bank-account = Seamlessly integrated into government payments

Match the following benefits with their impact on stakeholders:

Reduce costs = For all stakeholders in the ecosystem Enable innovative applications = To be integrated Promote economic expansion = Enabled through strong public-private partnerships Faster and safer transactions = Significantly reduces transaction costs for key market players

Match the following digital infrastructure components with their descriptions:

Digital ID and verification = Facilitates secure and reliable identity authentication Digital payment rails = Supports transactions and money transfers in the digital space Digital data exchange = Enables seamless sharing of digital information Digital access to information systems = Provides access to various sectors such as healthcare and financial services

Match the following countries with their rapid growth in emerging economies due to DPI:

Singapore = Experienced rapid growth due to DPI India = Experienced rapid growth due to DPI Estonia = Experienced rapid growth due to DPI United States = Did not experience rapid growth due to DPI Signup and view all the answers

Match the following entities with their role in open banking in the UK:

Open Banking Implementation Entity (OBIE) = Established by the nine largest banks in the UK OBIE Standards = Framework for open banking in the UK EcoSpend = World's first embedded open banking system UK Government = Partnered to integrate pay-by-bank-account into government payments Signup and view all the answers

Match the following benefits of open banking with their impact:

Reduced transaction costs = Benefit for key market players like merchants Faster and safer payments = Benefit experienced by UK businesses Innovative industry-specific applications = Enabled by open banking Economic expansion = Promoted by open banking Signup and view all the answers

Match the following statistics with their association to open banking in the UK:

More than half of UK's small businesses and over 7 million individuals = Enabled to make over 1 billion successful API calls per month $50 billion in total purchase value in 2022 = Achieved mainly due to a regulator's decision to roll out OB as a payment method UK businesses = Witnessed significant growth since the inception of OB Global leader in open banking = Status achieved by the UK through OBIE standards Signup and view all the answers

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