Preview Questions FinTech Specialist | Role Specific Skill

Question 1: What is the main benefit of integrating blockchain with existing financial services infrastructure in banks and insurers?

Which action should you take?

Choose only one option

Reduced need for regulatory compliance

Reduced customer access to banking services

Increased reliance on manual processes

Increased security, transparency, and efficiency in transactions and record-keeping

Question 2: In a robo-advisor platform, what is the key technology used to allocate assets based on user preferences?

Which action should you take?

Choose only one option

Cryptographic hashing

Blockchain-based smart contracts

Machine learning algorithms

Cloud computing

Question 3: What is the primary use of a Security Information and Event Management (SIEM) system in BFSI?

Which action should you take?

Choose only one option

Managing user credentials

Simplifying compliance auditing

Encrypting stored data

Real-time monitoring of security events

Question 4: In a financial institution, how does a Data Loss Prevention (DLP) system help secure sensitive customer data?

Which action should you take?

Choose only one option

By detecting and blocking unauthorized access to data

By encrypting sensitive data stored in databases

By providing security training to employees

By reducing the cost of compliance audits

Question 5: What is the role of "Third-Party Risk Management" in digital financial services?

Which action should you take?

Choose only one option

To manage the risks associated with using external service providers

To ensure customer data is safely stored in third-party servers

To track all foreign exchange transactions by third parties

To regulate the fees charged by third-party digital wallets

Question 6: What is the function of PCI DSS compliance in fintech implementation?

Which action should you take?

Choose only one option

Reducing transaction costs

Validating blockchain protocols

Ensuring secure financial API integration

Securing payment card transactions