🔗 Exercise 1: Fintech Key Terminology Match
Match the industry acronym/term (Blue border) to its correct explanation (Gray border). Matched pairs will show a **unique color outline** for clarity.
❓ Exercise 2: Case Study: Launching a Digital Product
Scenario: Monolith Money's Expansion
Monolith Money, a leading London **Neobank**, is preparing to launch across Europe. A major concern is **scalability**; their back-end infrastructure must be able to handle millions of new users without crashing. Before onboarding any customer, they must ensure rigorous **KYC** procedures are followed, including biometric scans and passport verification, to comply with strict **AML** (Anti-Money Laundering) regulations.
The bank is also integrating a third-party budgeting app. This integration is handled entirely through a secure **API** endpoint, allowing the third party read-only access to customer transaction data after explicit consent is given. Their tech lead also noted that while their core banking system is centralised, they are exploring the use of **Blockchain** technology for their cross-border payment rails, leveraging its **decentralisation** for faster, cheaper transfers.
Comprehension Questions (True or False)
📝 Exercise 3: Gap-Fill: Explaining Decentralized Finance
Click a word from the bank below to fill the next available gap in the summary. Click a filled gap to clear it.
🎯 Next Level Practice & Discussion
- **Explaining Tech:** You need to explain the concept of **decentralization** to a skeptical traditional banker. Use simple, non-technical analogies.
- **Pitching a Neobank:** Draft an opening paragraph for a pitch deck to VCs (Venture Capitalists) explaining how your **Neobank** achieves rapid **scalability** using cloud technology.
- **Regulatory Alert:** Write an internal memo to a product team detailing new **KYC** requirements and explaining why this is crucial for regulatory **compliance**.