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

Behavioral biometrics analyzes patterns in how users interact with devices, such as typing speed, mouse movements, and touchscreen gestures, to continuously verify identity.

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

The API economy in banking refers to the interconnected ecosystem where banks, fintechs, and third parties share data and services through open APIs, enabling new products and partnerships.

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

Human-in-the-loop AI combines automated AI responses for routine tasks with human agent intervention for complex or sensitive situations.

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

Dodd-Frank Section 1033 grants consumers the right to access their financial data and authorize third parties to retrieve it on their behalf.

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

CNP fraud occurs when stolen card credentials are used for online, phone, or mail-order transactions where the physical card is not required.

(CBP) Certified Banking Professional Practice Test

(CBP) Certified Banking Professional Practice Test

CBP Digital Banking and Technology 2