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3 key areas of innovation correct answers -Disruptive (linked to various business models) -Incremental (helps stay competitive in short term) -Radical (focused on long term impact) Business transformation issues correct answers -How to recover profitably -How to develop resilient business mode...

// 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...

What is Fintech? correct answers Use of technology to solve financial services problems Financial Services correct answers ◦Commercial Banking ◦Lending ◦Payments ◦Investment Banking ◦Wealth Management ◦Insurance and Credit ◦Financial Regulation Application Programming Inter...

Real Time correct answers Payments can settle in real-time (around 5 minutes) instead of being netted and settled at the end of a period More costly and more risk because these are considered irreversible Gross Settlement correct answers Indicates that each individual transaction may be settled ...

Acme Widget tells investors it wants to build a new widget factory and sell investors $10,000,000 in bonds to finance it. Once they have raised the $10,000,000 the owners of Acme Widget use the funds to finance a trip to Atlantic City to try out a new scheme they have devised to win at blackjack. Th...

Supervised Learning correct answers Uses a precise rule to predict outcome Ex: Regression Random Forrest (Predict stock returns) Unsupervised Learning correct answers Uncovers relationships/commonalties/patterns between variables without a model/structure (What stocks are similar to each oth...

What advancement in banking has led to the percentage of people in Kenya with bank accounts to rise from 30% to nearly 100%? correct answers Mobile Money Accounts Which of the following are the two (2) major financial crises that resulted in an unusually high (for the U.S.) unemployment rate and ...

Start-ups need to grow rapidly correct answers Network effects (conventional and data) and scale economies/first mover advantage Financing framework correct answers small businesses: low capital requirement, low novelty Capital intensive, proven-tech: high capital requirement, low novelty Capit...

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." correct answers Material What measures t...

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 Adopt...

The Financial Stability Board defines fintech as "technology-enabled innovation in financial servicesthat could result in new business models, applications, processes or products with an associated________ effect on the provision of financial services." correct answers material What measures th...

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 th...

What are some of the factors that allowed Ant Financial to become a dominant financial service provider in sucha short period of time? correct answers Large market Unmet demand for financial services to lower end of the retail costumers/ complement rather than compete with incumbentbanks Syner...

The FSI provides key services to the economic system (FSI = financial service industry) correct answers -Liquidity and transactions (trading systems for buying and selling) -Matching individuals who have excess funds with those with those who need the them (financial intermediation) -Risk sh...