Fintech Revision Questions PDF

FINTECH AND INNOVATION – REVISION QUESTIONS 1. Below are the examples of Fintech applications, EXCEPT; a. Peer-to-peer lending platform b. Roboadvisor app c. High-frequency trading d. Crowdfunding platform 2. What is a blockchain? a. A ledger maintained by Central Bank b. Blocks grouped in chain c...

FINTECH AND INNOVATION – REVISION QUESTIONS 1. Below are the examples of Fintech applications, EXCEPT; a. Peer-to-peer lending platform b. Roboadvisor app c. High-frequency trading d. Crowdfunding platform 2. What is a blockchain? a. A ledger maintained by Central Bank b. Blocks grouped in chain c. Data saved in centralised cloud server d. A merge of data storage and network 3. Below are the characteristics of an open peer-to-peer network, except: a. Participants must be authorised to participate in the network b. Equal participation of members in the network c. All information is shared and communicated in the network d. No central server or storage 4. A 'block' in a blockchain contains the following information, except a. Current Hash value b. Details of transaction c. User's full name d. Previous Hash value 5. Below are the benefits of blockchain technology except; a. Independent from third party b. Immutable c. Slow d. Data recorded is permanent 6. Based on the Malaysia Fintech Report 2020/2021, what is the largest Fintech area? a. Cryptocurrency b. Payment c. Insurance technology d. Wealth management 7. Blockchain technology functions based on which network type? a. Centralised network b. Multiple network c. Distributed network d. Decentralised network 8. Below are some of the characteristics of cryptocurrency, except a. Cryptocurrency can be printed and saved in a physical wallet b. Some cryptocurrencies can be mined c. Cryptocurrencies can be used for transactions d. There is no physical form of cryptocurrency 9. Select the correct competitive advantage of robo-advisor a. High management fee b. Risk-free c. Access to research and information tools d. Dedicated in-person advisor 10. Below are some of the examples of marketplace lenders, EXCEPT a. Peer-to-peer lending b. Peer-to-commercial lending c. Crowdfunding d. Community lending Short essay questions – examples of questions from past semesters’ mid-term test 1. Discuss two factors that have contributed to the rapid development of Fintech in Malaysia. You may provide examples to support your answers. 2. Is Fintech a threat or an opportunity for financial institutions? Discuss your answer based on this statement and you are encouraged to use examples to support your answer. 3. Discuss three (3) scenarios in which Fintech industry and applications could impact traditional financial institutions. 4. Discuss three (3) main technological innovations that have contributed to the development of new products and services in the Fintech industry. You may use examples to support your answer. 5. What is blockchain technology? Discuss one application of blockchain technology that you know.