Unit 1 - Banks And Banking In A Digital Age Flashcards
The main purpose of a building society is to:
Raise, primarily from its members, funds for lending to members for the purpose of buying a residential property
Macroeconomics examines factors such as:
Unemployment, gross domestic product and inflation
Credit unions are:
Non profit cooperative organisations. They are owned by its members who pool their savings and lend to each other
Digital only banks are:
Banks which have a full banking license and can therefore compete on equal terms with traditional banks
Private banking is about:
Providing a range of financial services to particularly wealthy clients
According to kind 2018, at what banking stage is “when and where we need it, starting with the emergence of the bansmartphone and and shift to mobile payments?
Bank 3.0
The first atm was opened in which year?
1967
AI and Machine learning : artificial intelligence can be described as:
A branch of computer science dealing with the simulation of intelligent behaviour in computers.
The capability of a machine to imitate intelligent human behaviour.
A computer system able to perform tasks that usually require human intelligence, such as visual perception, speech recognition, decision making, and translation between languages.
Cloud computing is:
The delivery of computing services for example, servers, storage, databases, networking, software, analytics and intelligence
According to a report published by thecityuk 2019, how many mega trends were identified?
3
