28.8.3. Technology Dependency

Try these first

1. 1.

   What is technology dependency?

   Hint

   Think about how much we rely on technology daily in finance.

2. 2.

   Name a potential cause of system failure.

   Hint

   Consider security risks in technology.

3. 3.

   What is a potential consequence of technology dependency in FinTech?

   • Increased efficiency
   • System failures
   • Lower costs

   Hint

   Think about what happens when a service goes down.

4. 4.

   True or False: Lack of offline access can lead to financial exclusion.

   • True
   • False

   Hint

   Consider internet access in underserved regions.

5. 5.

   Evaluate how the complete dependency on technology within financial institutions could affect economic stability during a global crisis.

   Hint

   Consider the role of trust and accessibility in finance.

6. 6.

   Propose a solution that addresses both technology dependency and the need for accessibility in FinTech services.

   Hint

   Think of ways to blend old and new methods.