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
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller FullyFocus. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £9.81. You're not tied to anything after your purchase.
