28.3.5. Cloud Computing

Try these first

1. 1.

   What is cloud computing?

   Hint

   Think about where data is stored.

2. 2.

   Name a key benefit of cloud computing.

   Hint

   What allows FinTech to adapt quickly?

3. 3.

   What is cloud computing primarily used for?

   • A) Personal storage only
   • B) Delivery of computing services over the internet
   • C) Only for large corporations

   Hint

   Think about what makes cloud computing versatile.

4. 4.

   True or False: Cloud computing can help reduce operational costs for FinTech companies.

   • True
   • False

   Hint

   Consider the upfront costs of maintaining servers.

5. 5.

   Develop a financial product leveraging the benefits of cloud computing and outline its features.

   Hint

   Focus on the flexibility and resource management aspects of cloud solutions.

6. 6.

   Analyze risks associated with using cloud computing in FinTech and suggest mitigation strategies.

   Hint

   Think about security and reliability for financial data.