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GLOBAL FINANCE WITH ELECTRONIC BANKING > MODULE 6 > Flashcards

MODULE 6 Flashcards

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1
Q

Enhances capabilities like fraud detection, personalized banking, and customer service automation

A

Artificial intelligence and machine learning

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2
Q

A decentralized alternative to traditional banking with secure and transparent transaction processing

A

Cryptocurrencies and blockchain

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3
Q

Fill-in-the-blank: Uses _______ or _______ recognition to enhance security in electronic banking

A

bIOMETRIC TECHNOLOGY (Fingerprint, facial recognition)

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4
Q

A system that allows third-party applications to access bank data with user consent

A

Open banking

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5
Q

Regulatory frameworks struggle to keep up with advancements in technology

A

Regulatory compliance

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6
Q

Exposes banks to phishing, ransomware, and data breaches

A

Cybersecurity threats

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7
Q

Pushes traditional banks to innovate or risk losing customers

A

Fintech companies

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8
Q

Fill-in-the-blank: _______ uses historical data to identify patterns and predict future trends

A

Time series analysis

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9
Q

Relies on random sampling and statistical modeling to estimate outcomes

A

Monte Carlo simulation

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10
Q

Analyzes vast datasets for complex patterns, providing adaptive forecasting

A

Machine learning algorithms

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11
Q

Prepares organizations for multiple future scenarios by analyzing external factors

A

Scenario planning

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12
Q

Emphasizes strategic foresight, sustainability, and innovation to create long-term value

A

Forward-thinking approach to finance

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13
Q

Aligns financial strategies with Sustainable Development Goals (SDGs)

A

Sustainability in finance

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14
Q

Fill-in-the-blank: Blockchain enables secure and efficient _______ through decentralized systems

A

Transactions

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15
Q

Promotes interoperability through guidelines for open banking

A

BSP open banking initiative

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16
Q

Uses AI-powered solutions to assist customers with inquiries and transactions

A

Chatbots

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17
Q

Reduces costs and processing times in cross-border transactions

A

Blockchain technology

18
Q

Promotes financial inclusion through mobile payments

A

GCash

19
Q

Collaborates with digital platforms to promote financial inclusion in the Philippines

A

Bangko Sentral ng Pilipinas

20
Q

Focuses on protecting customer privacy and security in digital banking

A

Cybersecurity guidelines

21
Q

Enhances customer engagement using AI algorithms

A

JPMorgan Chase

22
Q

Fill-in-the-blank: End-to-end _______ increases customer security in digital banking

A

Encryption

23
Q

Helps understand how variables like advertising spend influence outcomes

A

Regression analysis

24
Q

Fill-in-the-blank: _______ planning prepares organizations for multiple future scenarios

A

Scenario

25
Q

Offers green financing for renewable energy projects

A

Sustainability in finance

26
Q

Encourages banks to adopt digital wallets for underserved populations

A

Financial inclusion through fintech

27
Q

Simulates adverse market scenarios to adjust risk strategies

A

Stress testing

28
Q

Facilitates partnerships with fintech firms to improve inclusivity

A

Open banking

29
Q

Provides predictive analytics to improve risk assessments

A

Artificial intelligence

30
Q

Expands financial access in rural areas through digital solutions

A

GCash

31
Q

Fill-in-the-blank: _______ bonds fund renewable energy projects and support Climate Action

A

Green

32
Q

Combines blockchain and AI to enhance transaction security

A

Fintech integration

33
Q

Forecasts loan default rates using machine learning

A

Predictive analytics

34
Q

Helps prepare organizations for potential market downturns

A

Stress testing practices

35
Q

Fill-in-the-blank: Digital _______ workshops enhance banking adoption in rural areas

A

Literacy

36
Q

Issues green bonds to fund renewable energy projects

A

Climate action

37
Q

Assesses the effectiveness of digital banking security systems

A

Cybersecurity risk assessment

38
Q

Predicts customer needs to personalize banking services

A

AI algorithms

39
Q

Fill-in-the-blank: _______ banking promotes customer-centric solutions through API platforms

A

Open

40
Q

Prepares for diverse economic scenarios by analyzing historical data

A

Time series analysis

GLOBAL FINANCE WITH ELECTRONIC BANKING (7 decks)

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