Financial Technology Services Discussion Questions

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ANSWER ALL THE QUESTIONS
Emerging technology is all about the new technical innovations or advancements being
made. These may include those which are in the development phase or are currently being in the
developing phase for the further 5 to 10 years. It states that such technologies are very helpful in
making the business substantially healthy and efficient for a better social and working
environment. There are various kinds of emerging technologies found today that may include
information technology, wireless data connections, man-machine communications, any kinds of
customized printing, biotechnology, or the formation of robotic mechanisms.
Emerging technologies have become one of the major parts of our lives today and surely
have made tough lives easier yet quick. Such technologies are though not easy to make and have
to be tested through several phases before being launched into the market. The emerging
technologies may be used as tools for designing improved business strategies, investment policies,
and partnerships with closed customer relationships so that the maximum number of potential
needs are fulfilled. Such sustainable models could develop a proactive approach in developing the
overall well-being of the organization through more integrated working prospects and protecting
businesses from large-scale liabilities. Mass novelty and thorough research and development have
become an essential component for organization that wants long-term holding of their name in the
market and a significant reputation. That sufficient high technology and innovation are no
different than magic.
It is no question that the tech industry is broad. It is composed of dominant big tech firms,
such as Apple and Microsoft that have led the market in emerging mid-sized tech companies, and
tech start-ups. As broad as the tech players are, the tech industry boasts an extensive array of
products. These include the production of hardware such as computers, PC parts and components,
smartphones, and even automotive parts. Along with it are software products that consist of
programs, system tools, applications, storage, and security. The pursuit of modernization brought
by the digital age caused the demand for innovation and the introduction of new tech products. As
we strive to innovate, the demand for tech products continues to soar. This is evident through the
rise of tech-breaking companies such as Tesla, on their electrically powered, self-driving vehicles,
and Space X, which is revolutionizing space travel.
Source : https://fintechweekly.com/magazine/articles/investing-in-technology-a-digitaltransformation
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REQUIRED:
From the perspective of emerging technologies and disruptive technologies, critically discuss
the following:
1. Discover the security of data in blockchain technology and the use of blockchain technology
by the financial institution.
(25 marks)
2. Identify how an artificial intelligence system might threaten an accountant’s role in an
organization.
(25 marks)
3. Banking system plays a key role in non-cash transactions which helps in enhancing economic
prosperity. Discuss the challenges of the digitalization of the banking system.
(25 marks)
4. Discover the security issues on the use of e-wallet and digital payment or electronic payment
system (EPS) by the user in avoiding fraud and ways to overcome it.
(25 marks)
(Grand Total: 100 marks)
GUIDELINE
WORD LIMIT 2300 – 2700 WORDS
5-7 REFERENCES FROM JOUNAL ARTICLES AND BOOKS (APA
STYLE 7TH EDITION)
DUE DATE: 13 AUGUST 2022
TURNITIN & PLAGARISM BELOW 15%
750 WORDS FOR EACH QUESTIONS
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