Practice Key Drivers (28.1.2) - Digital Transformation and Financial Technology (FinTech)
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Key Drivers

Practice - Key Drivers

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Practice Questions

Test your understanding with targeted questions

Question 1 Easy

What is cloud computing and why is it important for financial services?

💡 Hint: Think of it as renting server space.

Question 2 Easy

Name one advantage of using mobile devices in finance.

💡 Hint: How do we use phones for banking?

4 more questions available

Interactive Quizzes

Quick quizzes to reinforce your learning

Question 1

What is a key benefit of cloud computing for financial services?

Enhanced security
Cost reduction
Limited scalability

💡 Hint: Consider the cost of maintaining physical servers.

Question 2

True or False: Mobile devices have no impact on financial services.

True
False

💡 Hint: Think about the apps we use daily.

2 more questions available

Challenge Problems

Push your limits with advanced challenges

Challenge 1 Hard

Evaluate the security vulnerabilities associated with using cloud computing in finance and suggest possible mitigations.

💡 Hint: Consider both the technology and policies that can enhance security.

Challenge 2 Hard

Propose a financial service built around IoT and explain how it would meet modern consumer expectations.

💡 Hint: Think about how data collection could personalize safety or convenience.

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