The Role of Computer Tech in Finance
What is the name of the system used by banks to transfer money electronically between accounts?
What is Automated Clearing House (ACH) system?
What is a decentralized digital ledger that records transactions in a secure and transparent manner?
What is a blockchain?
What is the process of altering the rules and norms that govern financial markets and institutions?
What is institutional change in finance?
What are skills that allow individuals to effectively use digital technologies to perform tasks and solve problems?
What are digital skills?
What is the impact of artificial intelligence on finance?
What is it can increase efficiency, accuracy, and speed of financial decision-making?
Which type of software is used by traders to make quick trades in financial markets?
What is Algorithmic trading software?
What is a self-executing contract with the terms of the agreement directly written into lines of code?
What is a smart contract?
What are some factors that can drive institutional change in finance?
What are technological innovation, financial crises, political and regulatory pressure, and changing social norms?
Why are digital skills important in finance?
What is they are necessary to effectively utilize financial technologies and analyze large amounts of financial data?
What is the role of humans in the future of finance?
What is humans will still be necessary for tasks that require creativity, judgement, and emotional intelligence?
Which technology is used to store and manage large amounts of financial data in a structured format?
What is relational database technology?
What is the difference between a public blockchain and a private blockchain?
What is a public blockchain is open to anyone, while a private blockchain is only accessible to a select group of participants?
What is the role of interest groups in institutional change in finace?
What is interest groups can lobby for or against specific policies and regulations to promote their own interests?
What are some examples of digital skills in finance?
What is the benefit of combining human and machine intelligence in finance?
What is it can result in better decision-making and risk management?
What is Public key encryption technology?
What is the benefit of using blockchain technology in finance?
What is it can increase efficiency, transparency, and security while reducing costs and the need for intermediaries?
What is the difference between incremental change and radical change in finance?
Incremental change involves small modifications to existing practices, while radical change involves a complete overhaul of the existing system?
How can individuals acquire digital skills in finance?
What is through formal education and training, self-learning, and on-the-job experience?
What are some potential challenges of interfrating human and machine intelligence in finance?
What are ethical concerns and cybersecurity risks?
What is the name of the technology used to aggregate financial data from multiple sources in real time?
What is Application Programming Interfaces (APIs)?
What are some examples of blockchain technology in finance?
What are cross-border payments, trade finance, supply chain management, and digital identity verification?
What is an example of institutional change in finance that has occurred in recent years?
What is the Dodd-Frank Act?
What are some potential future digital skills that may become important in finance?
What is machine learning, artificial intelligence, and blockchain technology?
What are increased use of natural language processing, he emergence of hybrid human-machine teams, and the development of explainable AI?
What are some potential future developments in the integration of human and machine intelligence in finance?