General terms of FinTech
Digital infrastructure
Main methods and concepts of fintech
Subjects and objects of FinTech
Fun Box
100

Define FinTech

provision of financial services and solutions using innovative technologies

100

definition of digital financial infrastructure

A set of digital technologies that ensure the functioning of financial markets and services in an electronic environment

100

What are the main tasks of fintech

  • Increasing financial accessibility.
  • Process automation.
  • Reducing transaction costs.
100

Main Fintech participants?

those who participate in the creation, use and regulation of fintech products

100

Three friends argue at a café. Bitcoin says: “Nobody owns me!” USDT says: “My boss is a company!” The e-CNY says: “My dad is the central bank!” Who is telling the truth?

All three of them. A cryptocurrency is issued by a decentralised network, a stablecoin by a private company, and a CBDC by a central bank.

200

three structural elements of FinTech ecosystem?

Banks, start ups and regulators.

200

Key elements of digital financial infrastructure:

payment systems, blockchain, neobanks, digital assets and the regulatory environment.

200

Describe three data-analysis methods used in fintech

  • Big Data analytics 
  • Machine learning 
  • NLP
200

Main FinTech objects?

what is developed: products, services and technologies used in fintech

200

More than half of the shops in Uzbekistan choose me. My name sounds like a mouse button. Who am I?

Сlick

300

List the four stages of fintech development with their periods.

  • Fintech 1.0 (1866–1967): early automation.
  • Fintech 2.0 (1967–2008): FIS and SWIFT 
  • Fintech 3.0 (2008–present): mobile apps, cryptocurrencies, financial platforms.
  • Fintech 4.0 (future): AI, blockchain.
300

Which payment services do merchants in Uzbekistan prefer

  • Click — more than 50% of merchants;
  • Payme — over a third;
  • Uzum also attracts notable interest.
300

How does Open Banking work

It lowers entry barriers: fintechs can build account aggregation, payment initiation and lending services without owning the customer's account

300

Name the four main subjects of the fintech system with one example each.

  • Fintech companies and startups — Stripe, Revolut, Robinhood.
  • Traditional financial institutions — JPMorgan, HSBC.
  • Regulators — central banks, SEC.
  • Clients — individuals and corporate clients.
300

Your grandmother asks: “Who are these PayPal, Robinhood and LendingClub? New neighbours?” How do you explain who does what?

PayPal moves money (payments), Robinhood invests it (investment technology), LendingClub lends it (lending platforms). Robinhood is the only one who doesn’t steal from the rich.

400

Explain the concept of the 'hybrid world' and argue what conditions a country such as Uzbekistan must meet to make it a reality for financial services.

broadband and mobile coverage in regions, digital ID, interoperable payment rails, digital literacy, cyber security, supportive regulation

400

The Kapitalbank–Uznex crypto card automatically converts crypto into the payment currency. Analyse its benefits and the risks for the bank and the regulator.

  • Benefits: links crypto assets with everyday payments worldwide; new product and clients for the bank.
  • Risks: crypto volatility, AML/KYC and sanctions screening, consumer protection, reputational and operational dependence on the exchange.
400

A bank wants to replace its rule-based credit scoring with machine learning. Evaluate the benefits and risks.

  • Benefits: higher predictive accuracy, use of alternative data, faster decisions, scoring of thin-file clients (inclusion).
  • Risks:  data-protection compliance, cyber risk; regulators increasingly treat credit scoring AI as high-risk.
400

Is a central bank only a regulator, or can it also be a creator of fintech objects? Support your answer with an example

  • Beyond supervising, a central bank can build infrastructure itself.
  • In Uzbekistan the CBU operates the instant payment system and, under the 27 Nov 2025 decree, a national payment switch. Thus the regulator becomes both subject and object-creator.
400

I am the digital child of a national currency, born at the central bank. The yuan and the euro have one. Uzbekistan is still waiting for its own. What am I?

CBDC

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