WGU D367 Innovation in Finance
Objective Assessment
Your time: 21 min.
Correct
Incorrect
Your answers
, Small rural businesses gain access to
financing without needing distant Large corporations gain access to
physical bank branches. (Summary: government subsidies without paperwork.
Microfinance extends rural access.)
Don't know?
Term 2 of 227
Ren was admitted to a prestigious university but lacks scholarships and has no
established credit. How might a fintech company assist Ren in qualifying for
lending?
Give this one a go later!
By using low-cost digital channels for interaction — Online tools reduce expenses, making
wealth management more affordable. (Summary: Digital channels make wealth services
accessible.)
, Smartphones connected to the internet on the go, enabling fintech apps anywhere with
greater mobility. (Summary: Smartphones brought mobile internet access.)
Big data lets fintechs use information beyond traditional credit scores, improving risk
assessment. (Summary: Fintechs use non-credit report data for lending.)
Evaluate Ren's full employment, education, and financial profile — Fintechs use
alternative data to extend credit access. (Summary: Fintechs use broader data to help
qualify borrowers.)
Don't know?
Term 3 of 227
How have sensors and devices been used to influence the financial industry?
Give this one a go later!
, To automate financial reporting using algorithms and analytics — These systems simplify
compliance.
To prevent fraud and money laundering using biometrics and geolocation — These
technologies enhance identity verification and security. (Summary: Sensors strengthen
fraud prevention.)
To enhance customer service using chatbots and AI — These tools improve support
efficiency.
To streamline transaction processing using QR codes and NFC — These technologies speed
up payments.
Don't know?
Term 4 of 227
How are fintechs contributing to societal change in Indonesia?
Objective Assessment
Your time: 21 min.
Correct
Incorrect
Your answers
, Small rural businesses gain access to
financing without needing distant Large corporations gain access to
physical bank branches. (Summary: government subsidies without paperwork.
Microfinance extends rural access.)
Don't know?
Term 2 of 227
Ren was admitted to a prestigious university but lacks scholarships and has no
established credit. How might a fintech company assist Ren in qualifying for
lending?
Give this one a go later!
By using low-cost digital channels for interaction — Online tools reduce expenses, making
wealth management more affordable. (Summary: Digital channels make wealth services
accessible.)
, Smartphones connected to the internet on the go, enabling fintech apps anywhere with
greater mobility. (Summary: Smartphones brought mobile internet access.)
Big data lets fintechs use information beyond traditional credit scores, improving risk
assessment. (Summary: Fintechs use non-credit report data for lending.)
Evaluate Ren's full employment, education, and financial profile — Fintechs use
alternative data to extend credit access. (Summary: Fintechs use broader data to help
qualify borrowers.)
Don't know?
Term 3 of 227
How have sensors and devices been used to influence the financial industry?
Give this one a go later!
, To automate financial reporting using algorithms and analytics — These systems simplify
compliance.
To prevent fraud and money laundering using biometrics and geolocation — These
technologies enhance identity verification and security. (Summary: Sensors strengthen
fraud prevention.)
To enhance customer service using chatbots and AI — These tools improve support
efficiency.
To streamline transaction processing using QR codes and NFC — These technologies speed
up payments.
Don't know?
Term 4 of 227
How are fintechs contributing to societal change in Indonesia?
