ITPEC IP April 2022 Question 90
ITPEC IP April 2022 — Question 90 of 100
Fintech combines finance and information technology to create new or improved financial services. Examples include AI-based robo-advisory, mobile payments, online lending, digital banking, automated asset management, and technology-enabled insurance services.
Answer (b)
Why not others:
- FA commonly means factory automation
- OA means office automation
- the sharing economy matches people who provide and use underutilized assets or services through a platform
Key rule: Fintech is technology-driven innovation specifically in financial products, services, and operations.
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