Fintech Final Exam || with Errorless Solutions 100%.
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 Interface (API) correct answers A software interface enabling two or more computer programs to communicate
Artificial Intelligence (AI) and Machine Learning correct answers Use of computers to detect trends and make predictions/suggestions
Blockchain correct answers Use of independent computers to record, verify and synchronize transactions
Cloud computing correct answers Remote data processing
Edge computing correct answers Faster and more comprehensive data analysis at source
Market Types correct answers Primary vs Secondary Markets
Broker vs Dealer Markets
Role of Financial Intermediaries correct answers Information Asymmetries
Moral Hazard
Adverse Selection
Importance of Financial Institutions correct answers Intermediation
Diversification
Information and Contracting Efficiencies
Payments
Security
Cost Savings
Financial Institutions correct answers Commercial Banks
Investment Banks Credit Unions
Central Banks
Insurance Companies, Finance Companies, Hedge Funds, Mutual Funds, ETFs
Shadow Banking: Other Financial Intermediaries
Commercial Bank Services-Retail correct answers Checking and savings accounts
Certificates of deposit
Mortgages on residential and investment properties
Home equity and other lines of credit
Credit card lending
Student loans
New and used car, motorcycle and boat loans
Foreign exchange and remittance transfers
Stock brokerage
Wealth management
Private banking
Insurance
Commercial Bank Services-Institutional correct answers Loans to financial and non-financial companies and governments
Cash management and other corporate treasury services
Leasing
Commercial real estate
Trade finance - letters of credit, bill collection, and factoring.
Human resources services
Commercial Bank Services-Risks correct answers Credit risk
Interest rate risk
Trading risk
Operational risk
Investment Banks correct answers Array of resources to assist in raising funds for corporations and governments
Investment Bank Services correct answers Public offering of securities
Trading
Private Placements
Securitizations
Mergers and Acquisitions
Merchant Banking
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