ITPEC IP October 2025 Question 89
ITPEC IP October 2025 — Question 89 of 100
Fintech combines finance and information technology to create new or improved financial services — automated AI-based asset management is a typical example.
Fintech includes mobile payments, digital banking, online lending, robo-advisors, remittance services, insurance technology, and systems that use data analysis or automation to make financial services more accessible and efficient.
Answer (b)
Why not others:
- (a) FA generally means factory automation
- (c) OA means office automation
- (d) Sharing economy matches people who provide and use underutilized goods, spaces, or labor through platforms
Key rule: Fintech is financial innovation enabled by IT; identify it when the service domain is payments, banking, lending, investment, insurance, or related finance.
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