Which area in banking is affected by Fintech the most at the moment? Oa. Retail banking...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Which area in banking is affected by Fintech the most at the moment? Oa. Retail banking O b. Commercial banking O c. Corporate banking O d. Investment banking Based on McKinsey report, what is the largest section and activity of global banking revenue and profits, 2016 in S billion? Oa. Core banking, deposits O b. Core banking, current accounts Oc. Fee-based business, asset management O d. Core banking, lending Oe. Fee-based, investment banking Know your customer (KYC) is critical for business from regulatory perspective because O a. It helps maximise business revenue and turnover by understanding customers' preference Ob. Business can collect customer data and make profit out of it O c. It can protect against fraud and crimes and to deliver obligations in terms of products and services Od. Business can proactively chase the sources of money laundering and protect the public interest Which area in banking is affected by Fintech the most at the moment? Oa. Retail banking O b. Commercial banking O c. Corporate banking O d. Investment banking Based on McKinsey report, what is the largest section and activity of global banking revenue and profits, 2016 in S billion? Oa. Core banking, deposits O b. Core banking, current accounts Oc. Fee-based business, asset management O d. Core banking, lending Oe. Fee-based, investment banking Know your customer (KYC) is critical for business from regulatory perspective because O a. It helps maximise business revenue and turnover by understanding customers' preference Ob. Business can collect customer data and make profit out of it O c. It can protect against fraud and crimes and to deliver obligations in terms of products and services Od. Business can proactively chase the sources of money laundering and protect the public interest
Expert Answer:
Answer rating: 100% (QA)
The detailed answer for the above question is provided below 1a Retail banking ... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
Students also viewed these banking questions
-
RAL Inc. show the following transactions for October: Sales totalled 200 units Beginning Date September 1 Units Unit Cost Total Cost 100 $6 $600 Inventory Purchase September 12 200 $3 600 a)...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
A jet is traveling westward with the sun directly overhead (the jet is on a line between the sun and the center of the Earth). How fast must the jet fly in order to keep the sun directly overhead?...
-
Refer to the opening feature about Buffalo Wild Wings. Buffalo Wild Wings has a small segment of its business devoted to merchandising shirts, mugs, hats, and other related items tied to its branding...
-
Briefly explain Fiedler's LPC contingency model.
-
The Bailey Insurance Agency received the following notes during 2010: Requirements 1. Identifying each note by number, compute interest using a 360-day year, and determine the due date and maturity...
-
PlastiCo produces plastic pipe to customer specifications. Losses of less than 5 percent are considered normal because they are inherent in the production process. The company applies overhead to...
-
Use L'Hospital's Rule to determine which of the inequalitites 2 A. e < x + 100,
-
The following salaried employees of Mountain Stone Brewery in Fort Collins, Colorado, are paid semimonthly. Some employees have union dues or garnishments deducted from their pay. You do not need to...
-
juan takes out a 10 year unsubsidized loan to finish up the last 3 years and 6 months of college. payments are deferred for another 6 months after graduation. if he borrowed $6,600 at 6.6% interest,...
-
A rod has been charged to -20nC and touches a metal sphere. Afterward, the rod has a charge of -10nC. What type of charged particle was transferred to the sphere? How many of these charged particles...
-
Payback period is the period a company needs to recover its initial investment. A company needs to purchase an equipment and they are analyzing two options. 1. Equipment Alpha costs $180,000 and will...
-
What are the systemic factors contributing to role conflict in organizations undergoing significant transformation or restructuring, and how can advanced change management practices help minimize the...
-
On November 27, the board of directors of Larkspur Company declared a $0.40 per share dividend. The dividend is payable to shareholders of record on December 7 on December 24. Larkspur has 25,300...
-
You overhear two colleagues discussing whether to vote in favor of a change to your company's policy regarding in house dating. Mary proposed the change to the policy and Tom is against the change....
-
nearest 4 decimal places. If you need to use a calculated number for further calculations, DO NOT round until after all calculations have been completed. For the final ansv Cash A/R Inventory Total...
-
Grace is training to be an airplane pilot and must complete five days of flying training in October with at least one day of rest between trainings. How many ways can Grace schedule her flying...
-
While preparing Massie Miller's 2012 Schedule A, you review the following list of possible charitable deductions provided by Massie: Cash contribution to a family whose house burned...
-
Teresa is a civil engineer who uses her automobile for business. Teresa drove her automobile a total of 21,732 miles during 2012, of which 95 percent was business mileage. The actual cost of...
-
Leslie is a single taxpayer who is under age 65 and in good health. For 2012, she has a salary of $23,000 and itemized deductions of $1,000. Leslie is entitled to one exemption on her tax return. a....
-
The pendulum has a mass of \(7.5 \mathrm{~kg}\) with center of mass at \(G\) and has a radius of gyration about the pivot \(O\) of \(295 \mathrm{~mm}\). If the pendulum is released from rest at...
-
A metal hoop with a radius \(r=6\) in. is released from rest on the \(20^{\circ}\) incline. If the coefficients of static and kinetic friction are \(\mu_{s}=0.15\) and \(\mu_{k}=0.12\), determine the...
-
The \(\operatorname{drum} A\) is given a constant angular acceleration \(\alpha_{0}\) of \(3 \mathrm{rad} / \mathrm{s}^{2}\) and causes the 70-kg spool \(B\) to roll on the horizontal surface by...
Study smarter with the SolutionInn App