Preview Questions FinTech Specialist | Role Specific Skill

Question 1: In the context of digital payments, how does PSD2 (Payment Services Directive 2) regulate payment services in the EU?

Which action should you take?

Choose only one option

By standardizing cryptocurrency transaction protocols

By requiring payment service providers to ensure secure customer authentication and reduce fraud

By eliminating transaction fees for consumers

By limiting the types of payment methods that can be used

Question 2: Which of the following protocols is essential for ensuring secure data transmission in a FinTech application?

Which action should you take?

Choose only one option

SSL/TLS

WEP

SNMP

SSH

Question 3: In a mobile payments implementation, which of the following is the most important to ensure smooth user experience?

Which action should you take?

Choose only one option

Multi-currency support

Transaction speed

Integration with banking APIs

High-end mobile devices

Question 4: What is the function of PCI DSS compliance in fintech implementation?

Which action should you take?

Choose only one option

Reducing transaction costs

Validating blockchain protocols

Ensuring secure financial API integration

Securing payment card transactions

Question 5: When implementing recurring mandates (eMandates) in a digital payment system, which messaging flow ensures that future debits are authorized without re-entering payment credentials every time?

Which action should you take?

Choose only one option

Storing plaintext card numbers and dates for future use

Charging the user's account without any consent or reference to a mandate

Utilizing mandate management protocols (e.g., UPI eMandates or SEPA Direct Debit mandates) where the payer's consent is digitally recorded and verified periodically

Asking the user to provide CVV and OTP for every recurring charge

Question 6: In the context of digital payment systems, what is the function of an "acquiring bank"?

Which action should you take?

Choose only one option

To process credit card payments on behalf of merchants

To issue digital wallets to consumers

To ensure data privacy for consumers

To provide financial services to consumers