Question Category Answer
Which one of the following identifies the most distinguishing feature of a Fintech provider?
A) They provide a broad range of financial services under a single umbrella.
B) They integrate technology into existing offerings to improve the delivery to consumers.
C) They are a threat to established providers because they are more agile and serve the underserved segment. INNOVATION FINANCE
- FRAMEWORK
D) They use technology to improve the back-end and legacy systems of established providers of financial services.
Which of the following is not an enabling skill that is critical to being successful in the digital finance environment?
A) Coding skills
B) Finance skills
C) Behavioural skills
D) Data analysis skills DIGITAL FINANCE -
ENVIRONMENT
Which of the following Vs of Big Data is linked to the concept of qualitative and narrative data?
A) Volume
B) Variety
BIG DATA
C) Velocity
D) Veracity
Which of the following correctly matches the approach accountants can take to help create a future-ready finance function with the equivalent CPA Program subject that discusses this concept in greater detail?
A) Focus on value creation for the business entity | Contemporary Business Issues
B) Use agile funding models that balance ongoing core investments with riskier options | Strategic Management Accounting
C) Early adopt advanced analytics and automation technologies | Financial Risk Management INNOVATION FINANCE
- FRAMEWORK
D) Establish a digital ecosystem service delivery model | Global Strategy and Leadership
Which of the following can provide you up to $300,000 as a flexible line of credit for invoice financing as part of the Xero digital finance system?
A) Waddle
B) Timelio
DIGITAL FINANCE -
C) Fund Tap CUBE
, Question Category Answer
Which of the following is correct in relation to a digital ecosystem?
A) Collaboration involves activity between independent entities.
B) Cooperation involves interactions between interdependent entities.
C) It is a set of distributed, adaptive and socio-technical systems where entities are dependent on each other. DIGITAL ECOSYSTEM -
OVERVIEW
D) It is a holistic and linear approach that provide a collaborative network of synergistic opportunities for new technological approaches.
Which of the 4 questions for evaluating a digital ecosystem focuses on internal stakeholder engagement?
A) Question 1
B) Question 2
DIGITAL ECOSYSTEM -
C) Question 3 OVERVIEW
D) Question 4
Which of the following is a driver of digital liquidity?
A) Delivery of bulk payments from digital wallets
B) Interoperability among providers of transaction accounts
DIGITAL FINANCE -
C) Additional financial planning services – advice for savings | lending | investing LIQUIDITY
D) Merchant service infrastructure being able to make bulk payments into digital wallets
The problem of the gap in digital skills falls into which of the following categories when evaluating the issues and challenges of a digital financial services ecosystem?
A) Competition
B) Digital divide
DIGITAL ECOSYSTEM -
C) Quality of work OVERVIEW
D) Data privacy and security
A set of strategies were developed to help an organisation create a future ready finance function.
Which of these strategies are most likely to help create a future ready finance function?
(Select all that apply)
A) Seek talent and develop staff with task-specific skills and a digital mindset.
B) Use quantitative data such as ROI to measure the success of investments.
INNOVATION FINANCE
C) Establish a digitally-enabled service delivery model with a strong focus on employees. - FRAMEWORK
D) Early adoption of advanced analytics and automation technologies to deliver meaningful insights to pressing business questions.
E) Align performance to value creation by leveraging technology and data to integrate strategic, operational and risk information choices.
, Question Category Answer
There are four applicants for a job.
They each emphasised a different set of skills in their application for a position as a finance professional at a large business entity that prides itself as a leader in the adoption of innovative technologies.
Which applicant is least likely to be successful in gaining employment with this entity?
A) Xia emphasises the finance technical skills she has developed to administer digitally enabled processes and business modelling.
DIGITAL
B) Mei emphasises her behavioural skills including communication and team work skills and demonstrates she is a proficient strategical thinker. TRANSFORMATION OF
ACCOUNTING &
C) Zhen emphasises her advanced skills in data utilisation and technology including big data, data analytics and visualisation techniques. FINANCE
D) Rumi emphasises her advanced skills in recording routine transactions, budgeting, forecasting, reconciling and validating data and compiling reports.
Which one of the following scenarios is indicative of FinTech 1.0?
A) Thanh purchases goods from an online store and pays using PayPal.
B) Noah is a farmer who trades his crops for coins with the local priest.
INNOVATION FINANCE
C) Jun is a local trader who accepts paper money and cheques for payment of goods. - FRAMEWORK
D) Aarav is a captain of a steam ship that transports cargo across oceans to far-away communities.
When establishing a digital financial services ecosystem it is important to have the right foundations in place.
These include infrastructure and an enabling environment.
Which one of the following is part of the infrastructure component?
A) Standard setting | Regulators | Industry groups | Technical systems
B) Energy | Agents | Processors | Regulators | Supervisors | Standards bodies DIGITAL ECOSYSTEM -
FINANCIAL SERVICES
C) Voice & Data communication networks | Energy | Identity systems | Payments systems
D) Voice & Data communication networks | Regulatory environment | Supervision | Processors
Which one of the following is an example of structure innovation?
A) Netflix offers employees limitless leave days as long as their work is completed on time.
B) Kiva microfinance offers small business loans in developing countries to circumvent predatory lending.
C) Dyson changed their production to include ventilators for the UK government during the Covid-19 pandemic in 2020. INNOVATION FINANCE
- FRAMEWORK
D) Gorilla Glass improved smartphone durability by changing the manufacturing process to make the glass more resistant to cracking when dropped multiple times from lower heights.
Modern networked cars can capture information from the environment such as road infrastructure, data from other connected vehicles and pedestrians to increase road safety.
This is an example of which one of the following digital ecosystem components
A) Data
B) Software
, Question Category Answer
Which of the following does not play a role as both a lender-saver and also as a borrower-spender?
A) Consumer
B) Business DIGITAL
TRANSFORMATION OF
C) Government ACCOUNTING &
FINANCE
D) Commercial bank
Which one of the following identifies the most distinguishing feature of a Fintech provider?
A) They provide a broad range of financial services under a single umbrella.
B) They integrate technology into existing offerings to improve the delivery to consumers.
C) They are a threat to established providers because they are more agile and serve the underserved segment. INNOVATION FINANCE
- FRAMEWORK
D) They use technology to improve the back-end and legacy systems of established providers of financial services.
Which of the following is not an enabling skill that is critical to being successful in the digital finance environment?
A) Coding skills
B) Finance skills
C) Behavioural skills
D) Data analysis skills DIGITAL FINANCE -
ENVIRONMENT
Which of the following Vs of Big Data is linked to the concept of qualitative and narrative data?
A) Volume
B) Variety
BIG DATA
C) Velocity
D) Veracity
Which of the following correctly matches the approach accountants can take to help create a future-ready finance function with the equivalent CPA Program subject that discusses this concept in greater detail?
A) Focus on value creation for the business entity | Contemporary Business Issues
B) Use agile funding models that balance ongoing core investments with riskier options | Strategic Management Accounting
C) Early adopt advanced analytics and automation technologies | Financial Risk Management INNOVATION FINANCE
- FRAMEWORK
D) Establish a digital ecosystem service delivery model | Global Strategy and Leadership
Which of the following can provide you up to $300,000 as a flexible line of credit for invoice financing as part of the Xero digital finance system?
A) Waddle
B) Timelio
DIGITAL FINANCE -
C) Fund Tap CUBE
, Question Category Answer
Which of the following is correct in relation to a digital ecosystem?
A) Collaboration involves activity between independent entities.
B) Cooperation involves interactions between interdependent entities.
C) It is a set of distributed, adaptive and socio-technical systems where entities are dependent on each other. DIGITAL ECOSYSTEM -
OVERVIEW
D) It is a holistic and linear approach that provide a collaborative network of synergistic opportunities for new technological approaches.
Which of the 4 questions for evaluating a digital ecosystem focuses on internal stakeholder engagement?
A) Question 1
B) Question 2
DIGITAL ECOSYSTEM -
C) Question 3 OVERVIEW
D) Question 4
Which of the following is a driver of digital liquidity?
A) Delivery of bulk payments from digital wallets
B) Interoperability among providers of transaction accounts
DIGITAL FINANCE -
C) Additional financial planning services – advice for savings | lending | investing LIQUIDITY
D) Merchant service infrastructure being able to make bulk payments into digital wallets
The problem of the gap in digital skills falls into which of the following categories when evaluating the issues and challenges of a digital financial services ecosystem?
A) Competition
B) Digital divide
DIGITAL ECOSYSTEM -
C) Quality of work OVERVIEW
D) Data privacy and security
A set of strategies were developed to help an organisation create a future ready finance function.
Which of these strategies are most likely to help create a future ready finance function?
(Select all that apply)
A) Seek talent and develop staff with task-specific skills and a digital mindset.
B) Use quantitative data such as ROI to measure the success of investments.
INNOVATION FINANCE
C) Establish a digitally-enabled service delivery model with a strong focus on employees. - FRAMEWORK
D) Early adoption of advanced analytics and automation technologies to deliver meaningful insights to pressing business questions.
E) Align performance to value creation by leveraging technology and data to integrate strategic, operational and risk information choices.
, Question Category Answer
There are four applicants for a job.
They each emphasised a different set of skills in their application for a position as a finance professional at a large business entity that prides itself as a leader in the adoption of innovative technologies.
Which applicant is least likely to be successful in gaining employment with this entity?
A) Xia emphasises the finance technical skills she has developed to administer digitally enabled processes and business modelling.
DIGITAL
B) Mei emphasises her behavioural skills including communication and team work skills and demonstrates she is a proficient strategical thinker. TRANSFORMATION OF
ACCOUNTING &
C) Zhen emphasises her advanced skills in data utilisation and technology including big data, data analytics and visualisation techniques. FINANCE
D) Rumi emphasises her advanced skills in recording routine transactions, budgeting, forecasting, reconciling and validating data and compiling reports.
Which one of the following scenarios is indicative of FinTech 1.0?
A) Thanh purchases goods from an online store and pays using PayPal.
B) Noah is a farmer who trades his crops for coins with the local priest.
INNOVATION FINANCE
C) Jun is a local trader who accepts paper money and cheques for payment of goods. - FRAMEWORK
D) Aarav is a captain of a steam ship that transports cargo across oceans to far-away communities.
When establishing a digital financial services ecosystem it is important to have the right foundations in place.
These include infrastructure and an enabling environment.
Which one of the following is part of the infrastructure component?
A) Standard setting | Regulators | Industry groups | Technical systems
B) Energy | Agents | Processors | Regulators | Supervisors | Standards bodies DIGITAL ECOSYSTEM -
FINANCIAL SERVICES
C) Voice & Data communication networks | Energy | Identity systems | Payments systems
D) Voice & Data communication networks | Regulatory environment | Supervision | Processors
Which one of the following is an example of structure innovation?
A) Netflix offers employees limitless leave days as long as their work is completed on time.
B) Kiva microfinance offers small business loans in developing countries to circumvent predatory lending.
C) Dyson changed their production to include ventilators for the UK government during the Covid-19 pandemic in 2020. INNOVATION FINANCE
- FRAMEWORK
D) Gorilla Glass improved smartphone durability by changing the manufacturing process to make the glass more resistant to cracking when dropped multiple times from lower heights.
Modern networked cars can capture information from the environment such as road infrastructure, data from other connected vehicles and pedestrians to increase road safety.
This is an example of which one of the following digital ecosystem components
A) Data
B) Software
, Question Category Answer
Which of the following does not play a role as both a lender-saver and also as a borrower-spender?
A) Consumer
B) Business DIGITAL
TRANSFORMATION OF
C) Government ACCOUNTING &
FINANCE
D) Commercial bank
