FINTECH 4234 FINAL OSU QUESTIONS WITH DETAILED
VERIFIED AND 100% ACCURATE ANSWERS
Unit Cost Correct Answers t costs less to offer the service
Asymmetric Information: Correct Answers t reduces lending risks
Agency conflicts: Correct Answers It aligns incentives of service
providers and consumers
Trust Correct Answers It increases the trust in the system, or altogether
eliminates the needfor trust
Search costs: Correct Answers t easily matches service providers with
customers.
Latency Correct Answers It reduces processing time
Fintech 3.0 Correct Answers 2008 - current
blockhain, AI, smartphone
General financial sector comments Correct Answers It is liquid,
ineffecient, not trusted, huge - prime for disruption
Bitcoin genesis block Correct Answers Created in 2009 by Satoshi
Nakamato
,Lending Correct Answers $1 tril market for online lending without
mortgages
Peer to Peer lending
Huge market with imrpoving tech
Compostioj risk Correct Answers More p2p lender may push platforms
to take on risky borrowers
Payments Correct Answers $100 tril sector that needs to address speed,
cost, accesibility
Cancel out, aggregate payments, alternatives
Wealth/Investment Mgmt Correct Answers Use big data and AI to
reduce fees and imrpove performance
Roboadvisors
Get rid of biased
Robo Advising Principles Correct Answers Low fees, auto rebalancing,
tax havesting, passive investments, risk-profilingc
Investing Correct Answers More socialized, wisdom of the crowds to
democratize info, can even create own hedge fund
, Insurtech Correct Answers Improve risk sharing, provide new products,
enter new segments
Ledger Correct Answers Establishes conensus of facts, transactions,
volumes, names
Who can access and change it? How can it record huge volumes? Health
records an exmaple
Ownership (who), identity, (existence) status (claims) authority (access)
Blockchain Correct Answers A distributed, secure, and transparent
ledger that establishes andtransfers ownership of an asset.
Double Spending Correct Answers Big issue in digital currency. Making
sure coin is not spent twice or more. Banks take care of this by having a
validating clearinghouse. Blockchain gets rid of need for clearinghouse
Updating a ledger Correct Answers All nodes have copy of ledger
Trnasactions broadcasted
Miners consensus on whether valid or not (does sender still have
currnecy)
Valid transactions posted to the block
VERIFIED AND 100% ACCURATE ANSWERS
Unit Cost Correct Answers t costs less to offer the service
Asymmetric Information: Correct Answers t reduces lending risks
Agency conflicts: Correct Answers It aligns incentives of service
providers and consumers
Trust Correct Answers It increases the trust in the system, or altogether
eliminates the needfor trust
Search costs: Correct Answers t easily matches service providers with
customers.
Latency Correct Answers It reduces processing time
Fintech 3.0 Correct Answers 2008 - current
blockhain, AI, smartphone
General financial sector comments Correct Answers It is liquid,
ineffecient, not trusted, huge - prime for disruption
Bitcoin genesis block Correct Answers Created in 2009 by Satoshi
Nakamato
,Lending Correct Answers $1 tril market for online lending without
mortgages
Peer to Peer lending
Huge market with imrpoving tech
Compostioj risk Correct Answers More p2p lender may push platforms
to take on risky borrowers
Payments Correct Answers $100 tril sector that needs to address speed,
cost, accesibility
Cancel out, aggregate payments, alternatives
Wealth/Investment Mgmt Correct Answers Use big data and AI to
reduce fees and imrpove performance
Roboadvisors
Get rid of biased
Robo Advising Principles Correct Answers Low fees, auto rebalancing,
tax havesting, passive investments, risk-profilingc
Investing Correct Answers More socialized, wisdom of the crowds to
democratize info, can even create own hedge fund
, Insurtech Correct Answers Improve risk sharing, provide new products,
enter new segments
Ledger Correct Answers Establishes conensus of facts, transactions,
volumes, names
Who can access and change it? How can it record huge volumes? Health
records an exmaple
Ownership (who), identity, (existence) status (claims) authority (access)
Blockchain Correct Answers A distributed, secure, and transparent
ledger that establishes andtransfers ownership of an asset.
Double Spending Correct Answers Big issue in digital currency. Making
sure coin is not spent twice or more. Banks take care of this by having a
validating clearinghouse. Blockchain gets rid of need for clearinghouse
Updating a ledger Correct Answers All nodes have copy of ledger
Trnasactions broadcasted
Miners consensus on whether valid or not (does sender still have
currnecy)
Valid transactions posted to the block
