Digital Banking & Payments
What do we call digital-only banks that operate without any physical branches?
Neobanks (Digital Banks / Challenger Banks).
What was the first and most valuable decentralized cryptocurrency ever created?
Bitcoin.
What are the AI-powered virtual assistants that handle customer service in banking apps 24/7?
Chatbots.
Which wireless technology allows contactless payments by tapping a smartphone near a terminal?
NFC (Near Field Communication).
What is the decentralized ledger technology that safely records data in a chronological chain?
Blockchain.
What is the process of using AI algorithms to evaluate a customer's creditworthiness and financial risk?
Credit Scoring (or Scoring).
Which financing model allows customers to split their purchases into interest-free installments?
BNPL (Buy Now, Pay Later).
What do we call cryptocurrencies whose value is pegged to a fiat currency like the US Dollar?
Stablecoins (e.g., USDT, USDC).
What do we call digital platforms that automate wealth management and investing using AI instead of human advisors?
Robo-advisors.
What is the software interface that securely connects bank systems with third-party Fintech apps?
API (Open Banking).
What are self-executing digital contracts on a blockchain that eliminate the need for intermediaries?
Smart Contracts.
Which AI system monitors transactions in real-time to detect and block suspicious or fraudulent activity?
Fraud Detection (Fraud Monitoring).
Which European regulation forced traditional banks to share data with Fintechs, sparking the Open Banking revolution?
PSD2 (Payment Services Directive 2).
What is the official digital currency issued and regulated by a country's Central Bank called?
CBDC (Central Bank Digital Currency).
Which AI branch allows systems to read, analyze, and process thousands of pages of financial documents and contracts instantly?
NLP (Natural Language Processing).