28.1.2. Key Drivers

Try these first

1. 1.

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

   Hint

   Think of it as renting server space.

2. 2.

   Name one advantage of using mobile devices in finance.

   Hint

   How do we use phones for banking?

3. 3.

   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.

4. 4.

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

   • True
   • False

   Hint

   Think about the apps we use daily.

5. 5.

   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.

6. 6.

   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.