FINA 5343 CH. 19 FINTECH QUESTIONS WITH DETAILED
VERIFIED AND 100% ACCURATE ANSWERS
Definition of fintech Correct Answers technology-enabled innovation in
financial services that could result in new business models, applications,
processes or products with an associated material effect on the provision
of financial services
Evidence of financial sector seeing fast-growing adoption of fintech
Correct Answers -Global VC backed fintech funding increased from
$3.9B (2013 to $41.4B (2018)
-Banks are also increasing their investment in fintech
Define fintech adoption rate Correct Answers measure fintech users as a
percentage of the digitally active population (varies by country)
Fintech adoption rate - global average Correct Answers moved steadily
upward
10% (2015) to 33% (2017) to 64% (2019)
Who are the leading fintech countries? Correct Answers -China and
India (87%)
-Belgium and Luxembourg (42%)
What is the most frequently used category of fintech services? Correct
Answers money transfer and payments
, Evolution of Fintech - 1865 Correct Answers Pantelegraph, an early
form of fax machine, was invented
Evolution of Fintech - 1866 Correct Answers First trans-Atlantic
telegraph cable was laid
Evolution of Fintech - 1918 Correct Answers Fedwire was established
Evolution of Fintech - 1933 Correct Answers German Reich mail
service held trail run of world's first telex network
Evolution of Fintech - 1958 Correct Answers Western Union started to
build a telex network in the US
Evolution of Fintech - 1960 Correct Answers Quotron Systems
introduced the Quotron, the first electronic system to provide stock
quotes in real time to stockbrokers and money managers
Evolution of Fintech - 1966 Correct Answers Telex network replaced
the telegraph as the standard for long-distance instantaneous
communication of information
Evolution of Fintech - Late 1960s and 1970s Correct Answers Rapid
advances in electronic payment systems
VERIFIED AND 100% ACCURATE ANSWERS
Definition of fintech Correct Answers technology-enabled innovation in
financial services that could result in new business models, applications,
processes or products with an associated material effect on the provision
of financial services
Evidence of financial sector seeing fast-growing adoption of fintech
Correct Answers -Global VC backed fintech funding increased from
$3.9B (2013 to $41.4B (2018)
-Banks are also increasing their investment in fintech
Define fintech adoption rate Correct Answers measure fintech users as a
percentage of the digitally active population (varies by country)
Fintech adoption rate - global average Correct Answers moved steadily
upward
10% (2015) to 33% (2017) to 64% (2019)
Who are the leading fintech countries? Correct Answers -China and
India (87%)
-Belgium and Luxembourg (42%)
What is the most frequently used category of fintech services? Correct
Answers money transfer and payments
, Evolution of Fintech - 1865 Correct Answers Pantelegraph, an early
form of fax machine, was invented
Evolution of Fintech - 1866 Correct Answers First trans-Atlantic
telegraph cable was laid
Evolution of Fintech - 1918 Correct Answers Fedwire was established
Evolution of Fintech - 1933 Correct Answers German Reich mail
service held trail run of world's first telex network
Evolution of Fintech - 1958 Correct Answers Western Union started to
build a telex network in the US
Evolution of Fintech - 1960 Correct Answers Quotron Systems
introduced the Quotron, the first electronic system to provide stock
quotes in real time to stockbrokers and money managers
Evolution of Fintech - 1966 Correct Answers Telex network replaced
the telegraph as the standard for long-distance instantaneous
communication of information
Evolution of Fintech - Late 1960s and 1970s Correct Answers Rapid
advances in electronic payment systems
