IPA IP 2024 Question 4
A question IPA Japan published in 令和6年度 ITパスポート試験 公開問題 問4, translated into English. ITPEC is based on the same exams.
Same question on ITPEC: Apr 2026 Q92
Conventional financial information systems were highly robust, but they lacked flexibility and it was difficult to swiftly provide services that keep up with mobile technology and other such innovations in information. Based on this, which of the following is the most appropriate term for the trend of providing new value and innovative services through the incorporation of Internet-related technologies, the collaboration with venture companies that utilize them, and other such actions?
Explanation
Fintech — finance plus technology: new financial services created by bringing in Internet-related technologies and working with the ventures that use them.
Fintech covers services such as mobile and QR code payments, online banking apps, crowdfunding, automated investment advice and online lending. Traditional banks, whose robust but rigid core systems adapt slowly, often partner with or open their APIs to technology start-ups to offer such services quickly.
Answer (b)
Why not others:
- •(a) Omnichannel — integrating all sales and contact channels (stores, web, apps) so the customer gets the same service through any of them
- •(c) Blockchain — a distributed ledger technology behind cryptocurrencies; one technology fintech may use, not the name of the overall trend
- •(d) One-to-one marketing — tailoring products and offers to each individual customer
Key rule: Fintech is the application of IT to financial services; blockchain, cashless payment and robo-advisers are examples within it.
Business Industry · AI-written, may contain errors
This question comes from the past questions IPA Japan publishes, translated into English by ITPEC Practice. ITPEC Practice is an independent study tool and is not affiliated with IPA or ITPEC. See the original paper (PDF) or Report an issue.