Preview Questions FinTech Specialist | Role Specific Skill

Question 1: What challenge does Strong Customer Authentication (SCA) in the EU PSD2 regulation address?

Which action should you take?

Choose only one option

Standardizing payment formats

Reducing payment latency

Enhancing payment transparency

Mitigating fraud in electronic payments

Question 2: Which regulation requires financial institutions to implement anti-money laundering (AML) procedures and report suspicious transactions?

Which action should you take?

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The Dodd-Frank Wall Street Reform Act

The European Union's General Data Protection Regulation (GDPR)

The Bank Secrecy Act (BSA)

The Securities Act of 1933

Question 3: What consensus mechanism does Ethereum primarily use post its migration from proof-of-work (PoW)?

Which action should you take?

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Proof of Authority

Practical Byzantine Fault Tolerance (PBFT)

Proof of Stake (PoS)

Delegated PoS

Question 4: What is a major advantage of using a permissioned blockchain over a public blockchain in BFSI applications?

Which action should you take?

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It is more energy-efficient

It provides faster transaction times and greater control over the network

It requires no identity verification for participants

It allows anyone to join the network and participate

Question 5: When implementing a peer-to-peer (P2P) lending platform, which of the following is the biggest regulatory concern?

Which action should you take?

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Platform scalability

Availability of collateral for loans

Interest rate regulation

Data protection and privacy

Question 6: Which of the following is an important security practice when implementing biometric authentication in financial applications?

Which action should you take?

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Using social media profiles as secondary authentication

Using multi-factor authentication with biometrics

Storing biometric data unencrypted for faster access

Implementing one-time password systems