Bali Fintech Agenda

Question 1

Which two bodies launched the Bali Fintech Agenda ?

Answer 1

IMF and World Bank

Question 2

What is fintech used for ?

Answer 2

Improve and automate delivery of financial services

Question 3

How many policy elements did Bali agenda establish to help member nations harness benefits of fintech ?

Answer 3

12

Question 4

According to EY’s 2017 Fintech Adoption Index, which position is India at ?

Answer 4

Second

Question 5

Name any 4 pillars of Fintech Ecosystem

Answer 5

1. Universities and Research Institute
2. Government and Regulators
3. Investors
4. Finacial Institution

Question 6

Name 4 more pillars of Fintech Ecosytem

Answer 6

5. Incubators and Innovation Lab
6. Users
7. Tech Vendors
8. Startup

Question 7

What are 3 challenges faced by fintech ?

Answer 7

1. Cash depndency
2. Frauds
3. Lack of government support and investors

Question 8

What is a problem faced by the end users of fintech technologies ?

Answer 8

They don’t know how to use smartphone or navigate the app