3.6
Which factor has contributed to the growth of the P2P sector? （i,iii）
i. Increased bank regulation in the wake of the 2008 financial crisis.
ii. Banks increasing loan availability to SMEs
iii. A low-interest-rate environment
iv. Reductions in bank costs
3.7
Which of the following companies is NOT one of China's BATs? (A)
(A) Amazon
(B) Alibaba
(C) Baidu
3.8
According to the video, what are the key trends seen in the ICO space? （d）
(A) More transparency of the ICO projects
(B) Increased attention from regulators
(C) Increased attention to money laundering and know-your-customer (KYC) issues
(d) All of the above
3 - Conclusion Quiz: Question 1
In the last decade, what has been a major impact of the decreasing cost of technology? （A）
(A) Increased affordability and availability of new investment products and fundraising methods for businesses.
(B) Decreased incentives to pursue innovation in the traditional financial services sector.
(C) Decreased cybercrime in the financial sector.
3 - Conclusion Quiz: Question 2
Digitization of traditional securities markets:
(A) will never happen.
(B) has largely finished. 正确
(C) will not involve Big Data and Artificial Intelligence.
3 - Conclusion Quiz: Question 3
Which of the following correctly describe Alternative Finance and ICOs?
(A) They both primarily focus on charity fundraising.
(B) They both rely on the notion of decentralized fundraising. （正确）
(C) They both are well understood means of alternative finance and do not require regulation in order to support the future development of the market.
4.2
Which of the following has NOT been one of the main objectives of financial regulatory reforms since the 2008 Global Financial Crisis?
(A) Improving market functioning and efficiency
(B) Preventing systemic risks
(C) Protecting banks and financial institutions from competition or new market entrants 正确
(d) Reducing risk-taking in the financial industry
According to the video, which of the following is NOT one of the four major approaches amongst regulators when trying to regulate and foster new FinTech innovations??
(A) New regulatory frameworks
(B) Contact points
(C) Sandboxes
(d) Investments 正确
4.3
In which segment of the economy does RegTech currently have the most impact?
(A) Manufacturing
(B) Aviation
(C) Pharmaceuticals
(d) Finance 正确
4.4
What are the factors that are favoring the adoption of RegTech by financial institutions?
(A) Massive increases in regulatory fines
(B) Frequent regulatory changes and new regulations
(C) Increase in staffing costs
(d) All of the above 正确
4.5
Which of these factors does NOT characterize Asia's RegTech eco-system opportunity?
(A) There is a lack of homegrown RegTech start-ups.
(B) The necessity to implement GDPR, PSD2 and MiFID2. 正确
(C) Technology companies are using RegTech to build new infrastructure.
(d) Regulators are increasing their use of technology in their own regulatory operations.
4.6
According to the video, which of the following is NOT a challenge faced by RegTech startups trying to sell their solutions to banks?
(A) Long sales cycles
(B) Lack of familiarity with RegTech
(C) High levels of interest to invest from venture capital investors 正确
(d) Integrating with banks' legacy systems
4.7
Which of the following factors were NOT mentioned in the video as a major contributing factor to regulators using RegTech?
(A) Increased cybersecurity risks
(B) Large amount of data influxes from regulatory filings
(C) Cheaper RegTech solutions provided by startups 正确
(d) New regulatory requirements following the 2008 Global Financial Crisis
4.8
According to the video, which of the following is critical to ensuring successful regulatory sandboxes?
(A) Adequate depth and volume of data
(B) Adequate dedication of human capital by regulators
(C) Innovative spirit of regulators
(d) All of the above 正确
4.9
Which of the following statements correctly describe smart regulation?
(A) Smart regulation involves policymakers, regulators, financial institutions and startups.
(B) Smart regulation requires better understanding of new technologies.
(C) Smart regulation enables industry players to comply with regulations in a digital form.
(D) Smart regulation enables datafication of regulation to increase efficiency.
(E) All of the above. 正确
4.10
According to the video, what are the four levels of the India Stack strategy?
(A) Digital identity
(B) Open API payment system
(C) Bank account opening
(d) e-KYC
(e) All of the above 正确
4 - Conclusion Quiz: Question 1
The emergence of RegTech was influenced by:
(A) Post-crisis regulatory reforms
(B) New technologies and technological advancement
(C) Increase data influx from regulatory filings by financial institutions
(D) Emergence of new RegTech startups
(E) All of the above 正确
4 - Conclusion Quiz: Question 2
The India stack is an example of how RegTech can be used for:
(A) New regulatory design 正确
(B) Regulatory monitoring
(C) Regulatory compliance
(D) None of the above
4 - Conclusion Quiz: Question 3
Why is RegTech important?
(A) Currently only 1-2% of Money Laundering is captured. RegTech can help increase this number.
(B) Compliance costs are increasing for banks and financial institutions, and RegTech can help reduce those.
(C) There is an increasing amount of data for regulators to process. RegTech can help regulators better manage and analyze data.
(D) There are increasing risks in the financial industry. RegTech can help prevent risks more effectively.
(E) All of the above. 正确
5.2
Who owns the data regarding a financial institution's customer?
(A) The financial institution
(B) The customer
(C) It depends on the terms of service and the laws of the jurisidctions concerned 正确
5.3
Going forward, what will financial institutions need to consider when it comes to data?
(A) Volume
(B) Velocity
(C) Variety
(D) All of the above 正确
5.4
Who does GDPR apply to?
(A) everyone everywhere
(B) only institutions in the EU
(C) anyone dealing with EU customers 正确
5.5
Which is NOT an example of digital ID?
(A) social media usage record
(B) digital biometric identity card
(C) driver's licence 正确
5.8
Which is NOT a challenge of regulating AI in finance?
(A) The role of the human designer
(B) Black box decision-making
(C) Independent non-human actions
(D) All of the above 正确
5.9
What is meta-data?
(A) data about data 正确
(B) changing data
(C) big data
(D) data lake
5.10
According to the video, what is the biggest finanical risk today?
(A) Securitization
(B) ICOs and cryptocurrencies
(C) Cybersecurity 正确
(D) Another global financial crisis
5 - Conclusion Quiz: Question 1
What does GDPR stand for?
(A) Genuine Data Protection Register
(B) General Data Protection Regulation 正确
(C) General Digital Postal Reference
(D) Greater Delta Protection Regulation
5 - Conclusion Quiz: Question 2
What are TechFins?
(A) Sponsors of tech IPOs
(B) Technology firms engaging in financial services 正确
(C) Startups entering finance
(D) WiFi adaptors
5 - Conclusion Quiz: Question 3
In which jurisdiction has TechFin developed the most to date?
(A) US
(B) China 正确
(C) India
(D) EU
6.2
What was Revolut's first value proposition for consumers?
(A) No foreign exchange fees when abroad 正确
(B) Mobile phone insurance
(C) Cryptocurrency exchange
(D) Lending
6.3
What was the first financial service provided by Alibaba?
(A) Payment Service (Alipay) 正确
(B) Wealth Management (Yu'e Bao)
(C) Credit Scoring (Sesame Credit)
(D) Insurance
6.4
What has been the impact of Aadhaar?
(A) Provided digital identity to people in India
(B) Digitised KYC process in banking
(C) Enabled FinTech to scale
(D) All of the above 正确
6.5
What does Credit Karma get from customers who wish to view their credit score?
(A) A fixed fee
(B) Profit from advertising 正确
(C) Subscription fee
(D) All of the above
6.6
What is the core value proposition of Digibank?
(A) Paperless
(B) Branchless
(C) Signatureless
(D) All of the above 正确
6 - Conclusion Quiz: Question 1
What is the logic behind the concept “the unbundling and re-bundling of finance” in the case of Revolut?
(A) Grow a large customer base by targeting a niche product that offers quality and cheap service than traditional means 正确
(B) Linking up with traditional banks to expand customer base
(C) Using advertising to gain customer base
(D) None of the above
6 - Conclusion Quiz: Question 1
Generally, what is the main advantage of technology companies (TechFin) over incumbent financial institutions?
(A) Pre-existing data
(B) Pre-existing customer base
(C) User interface and experience
(D) All of the above 正确
