MODULE 6

Question 1

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

Answer 1

Artificial intelligence and machine learning

Question 2

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

Answer 2

Cryptocurrencies and blockchain

Question 3

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

Answer 3

bIOMETRIC TECHNOLOGY (Fingerprint, facial recognition)

Question 4

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

Answer 4

Open banking

Question 5

Regulatory frameworks struggle to keep up with advancements in technology

Answer 5

Regulatory compliance

Question 6

Exposes banks to phishing, ransomware, and data breaches

Answer 6

Cybersecurity threats

Question 7

Pushes traditional banks to innovate or risk losing customers

Answer 7

Fintech companies

Question 8

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

Answer 8

Time series analysis

Question 9

Relies on random sampling and statistical modeling to estimate outcomes

Answer 9

Monte Carlo simulation

Question 10

Analyzes vast datasets for complex patterns, providing adaptive forecasting

Answer 10

Machine learning algorithms

Question 11

Prepares organizations for multiple future scenarios by analyzing external factors

Answer 11

Scenario planning

Question 12

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

Answer 12

Forward-thinking approach to finance

Question 13

Aligns financial strategies with Sustainable Development Goals (SDGs)

Answer 13

Sustainability in finance

Question 14

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

Answer 14

Transactions

Question 15

Promotes interoperability through guidelines for open banking

Answer 15

BSP open banking initiative

Question 16

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

Answer 16

Chatbots

Question 17

Reduces costs and processing times in cross-border transactions

Answer 17

Blockchain technology

Question 18

Promotes financial inclusion through mobile payments

Answer 18

GCash

Question 19

Collaborates with digital platforms to promote financial inclusion in the Philippines

Answer 19

Bangko Sentral ng Pilipinas

Question 20

Focuses on protecting customer privacy and security in digital banking

Answer 20

Cybersecurity guidelines

Question 21

Enhances customer engagement using AI algorithms

Answer 21

JPMorgan Chase

Question 22

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

Answer 22

Encryption

Question 23

Helps understand how variables like advertising spend influence outcomes

Answer 23

Regression analysis

Question 24

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

Answer 24

Scenario

Question 25

Offers green financing for renewable energy projects

Answer 25

Sustainability in finance

Question 26

Encourages banks to adopt digital wallets for underserved populations

Answer 26

Financial inclusion through fintech

Question 27

Simulates adverse market scenarios to adjust risk strategies

Answer 27

Stress testing

Question 28

Facilitates partnerships with fintech firms to improve inclusivity

Answer 28

Open banking

Question 29

Provides predictive analytics to improve risk assessments

Answer 29

Artificial intelligence

Question 30

Expands financial access in rural areas through digital solutions

Answer 30

GCash

Question 31

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

Answer 31

Green

Question 32

Combines blockchain and AI to enhance transaction security

Answer 32

Fintech integration

Question 33

Forecasts loan default rates using machine learning

Answer 33

Predictive analytics

Question 34

Helps prepare organizations for potential market downturns

Answer 34

Stress testing practices

Question 35

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

Answer 35

Literacy

Question 36

Issues green bonds to fund renewable energy projects

Answer 36

Climate action

Question 37

Assesses the effectiveness of digital banking security systems

Answer 37

Cybersecurity risk assessment

Question 38

Predicts customer needs to personalize banking services

Answer 38

AI algorithms

Question 39

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

Answer 39

Open

Question 40

Prepares for diverse economic scenarios by analyzing historical data

Answer 40

Time series analysis