Fintech Study guides, Class notes & Summaries

Material correct answers The Financial Stability Board defines fintech as "technology-enabled innovation in financial services that could result in new business models, applications, processes or products with an associated __________ effect on the provision of financial services" Fintech Adoption Rate correct answers What measures the fintech users as a percentage of the digitally active population? b) eliminate all risk in the online banking system correct answers Open Banking standard...

NCTI FINAL EXAM Progression: Maintenance Tech I - II Conventional Exam Graded A+ | 2024 NCTI FINAL EXAM Progression: Maintenance Tech I - II Conventional Exam Graded A+ | 2024 NCTI FINAL EXAM Progression: Maintenance Tech I - II Conventional Exam Graded A+ | 2024

Fintechs can be grouped according to what parties are invovled correct answers -Peer to peer (P2P) -Business to person (B2P) -Person to business (P2B) -Business to business (B2B) Two interesting areas in payments correct answers 1. Cross-border payments 2. Mobile payments Fintechs & payments correct answers Fintechs started mostly with payments, now may seem to be shifting away to become a data industry Integrated billing mobile correct answers Consists of payment services such as o...

Alternative lending platforms ______. correct answers perform the credit underwriting process in near real time Not all securities offerings must be registered. Which of the following is most likely to be exempt? correct answers An offering by the State of Georgia The Securities Act of 1933 _______. correct answers prohibited deceit, misrepresentation, and other fraud in the sale of securities As of the taping of this semester's interview, small businesses may borrow up to $______ from...

Why did Satoshi Nakamoto design Bitcoin? correct answers *To allow two willing parties to transact directly without the need for a trusted third party. *To create a payments system that wasn't reversible. *To solve the double spending problem by using a peer-to-peer network. What happens if the owner of a Bitcoin loses their private key? correct answers They won't be able to recover the Bitcoin. What would fractional reserve banking in a cryptocurrency do? correct answers It could incr...

// Start class 7: __ __ is simulation of human intelligence by machines correct answers artificial intelligence what 3 cognitive skills does AI focus on? correct answers learning, reasoning, self-correction what are some general applications of AI? correct answers 1 marketing 2. healthcare 3. self-driving vehicles 4. artifical creativity what are some applications of AI in finance? correct answers 1 investment 2. lending 3. banking 4. fraud detection 5. insurance 6. undewriting...

NCTI FINAL EXAM Progression: Maintenance Tech II - III Conventional| Questions and Answers NCTI FINAL EXAM Progression: Maintenance Tech II - III Conventional| Questions and Answers NCTI FINAL EXAM Progression: Maintenance Tech II - III Conventional| Questions and Answers

1) Which of the following statements is true? A) A bank's assets are its uses of funds. B) A bank's assets are its sources of funds. C) A bank's liabilities are its uses of funds. D) Only B and C of the above are true. correct answers A. a bank's assets are its uses of funds 2) Which of the following are reported as liabilities on a bank's balance sheet? A) reserves B) checkable deposits C) loans D) deposits with other banks correct answers B. checkable deposits 3) Which of th...

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