CBP Digital Banking and Technology 2

Question 1

Which authentication method uses behavioral characteristics such as typing rhythm and mouse movement patterns to verify a user's identity?

Accepted Answer

Behavioral biometrics

Answer

Biometric authentication

Answer

Multi-factor authentication

Answer

Token-based authentication

Question 2

In digital banking, what does the term 'API economy' refer to?

Accepted Answer

The ecosystem of interconnected services enabled by open API sharing between financial institutions and fintechs

Answer

A cost-reduction strategy using automated processes

Answer

A marketplace where banks sell data to third parties

Answer

The practice of charging fees for API access

Question 3

A bank deploys a chatbot that escalates complex queries to human agents. What is this hybrid model called?

Accepted Answer

Human-in-the-loop AI

Answer

Robotic process automation

Answer

Augmented intelligence

Answer

Supervised machine learning

Question 4

Which regulation requires US banks to allow customers to authorize third-party access to their financial data through secure APIs?

Accepted Answer

Dodd-Frank Act Section 1033

Answer

Bank Secrecy Act

Answer

Gramm-Leach-Bliley Act

Answer

Community Reinvestment Act

Question 5

What is 'card-not-present' (CNP) fraud in digital banking?

Accepted Answer

Unauthorized transactions made online or by phone without the physical card

Answer

Fraud involving counterfeit physical cards

Answer

ATM skimming attacks

Answer

Fraud involving lost or stolen cards used at POS terminals

Question 6

In the context of digital banking infrastructure, what does 'zero-trust architecture' assume by default?

Accepted Answer

No user or device should be trusted, even inside the corporate network

Answer

All internal network traffic is safe

Answer

Encryption is sufficient to prevent breaches

Answer

External traffic is always malicious

Question 7

Which technology enables banks to process transactions at the network edge, reducing latency for real-time payments?

Accepted Answer

Edge computing

Answer

Mainframe computing

Answer

Batch processing

Answer

Cold storage databases