16-53 Which of the following are potential benefits of technology for an FI?
A)Service quality,especially for customers of large banks.
B)The rate of innovation of new products has increased.
C)FIs can more easily cross-market new and existing products to customers.
D)Only two of the above are benefits.
E)All of the above.

Question

Quizplus · Accepted Answer

All of the choices are potential benefits of technology for an FI. Service quality can be improved through online banking and mobile apps, the rate of innovation can be increased through the use of fintech solutions, and cross-selling can be made easier through customer data analytics and targeted marketing.

16-53 Which of the Following Are Potential Benefits of Technology