Talking Tech
A computing environment that integrates an on-premises data centre (a private cloud) with a public cloud
What is hybrid cloud
This is the important differentiating characteristics of the blockchain ledger
What is a distributed (or decentralized) ledger
To have this means to have access to useful and affordable financial products and services that meet your needs – transactions, payments, savings, credit and insurance – delivered in a responsible and sustainable way
What is financial inclusion
The majority of the people in this class have at least this many bank account
What is 3
Although this technology is still far away from having tangible impact in financial technology its impacts will be far reaching thanks to the stepwise change in computer computing speed and power.
What is quantum computing
If you are releasing new bitcoin into the ecosystem, you are engaging in this activity
What is mining
This is one of the four categories that are used to measure Financial Health
What is spend, save, borrow or plan
On a scale of 1 - 5 (5 being highest), the average financial literacy of this class compared to the average person in the world is this
What is 5
This is an interface which brings together two or more distinct, but interdependent, groups of consumers using APIs
What is an API platform
Name one of the 2 types of wallets where you can store cryptocurrency
What is non-custodial wallet OR what is custodial wallet
This type of financial technology policy enables innovation and competition by dictating standards for open API for third party integrations and data access
What is open banking
Many people in this class use this technology for their investment management
What is a robo advisor
Had this technology been as advanced 10 years ago as it is today perhaps Nat's original business model building peer to peer payments in the Canadian market would have been more successful
What are instant payments
This application of the technology creates executable code deployed to a blockchain such that future transactions can send data to and execute automatically to perform a service
What is a smart contract
This percentage of adults globally are financially literate
What is 33%
Who are Andy Leung, Jake Tyler, Mike Zell or Sean Ballard
Name the final step in this business level description of the AI decision making process: Data -> Algorithm -> Prediction -> ?
What is human judgement
Financial instruments that don't rely on intermediaries such as brokerages, exchanges, or banks are collectively known as this term
What is decentralized finance (DeFi)
This is a mandatory risk assessment tool intended to support automated decision-making in Canada. The tool is a questionnaire that determines the impact level of an automated decision-system
What is the algorithmic impact assessment
83% of the class said that they use this type of fintech product
What are peer to peer payments