Nubank Business Strategy Quiz

7 Questions

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

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

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

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

Test your knowledge of Nubank's business strategy and expansion approach with this quiz. Explore how the company prioritized products and gained market superiority before expanding into further offerings and geographies.