Finastra Assessment FusionFabric.cloud Platform Questions and Answers — Questions and Answers
Question 1: What is the primary function of FusionFabric.cloud?
- A closed-source platform for Finastra's internal development only.
- A platform as a service (PaaS) that enables open collaboration and co-creation of financial applications. (Correct answer)
- A marketing tool for showcasing existing Finastra products without API access.
- An on-premise server solution for hosting legacy banking systems.
Correct answer: A platform as a service (PaaS) that enables open collaboration and co-creation of financial applications.
FusionFabric.cloud is Finastra's open platform for collaboration and innovation in financial services. It allows banks, fintechs, and developers to create new applications by accessing Finastra's core systems through open APIs.
Question 2: A fintech startup wants to develop an application that provides real-time payment analytics for small businesses. Which component of FusionFabric.cloud would they primarily use to access the necessary banking data and services?
- FusionStore for application deployment.
- FusionOperate for cloud infrastructure management.
- FusionCreator, which provides the API catalog and developer portal. (Correct answer)
- Finastra's legacy mainframe system for direct data extraction.
Correct answer: FusionCreator, which provides the API catalog and developer portal.
FusionCreator is the developer portal for FusionFabric.cloud. It hosts the API Catalog, which contains developer documentation and provides sandbox access to Finastra's core solution capabilities via REST APIs, which is essential for building new applications.
Question 3: Which of the following is a key architectural characteristic of the FusionFabric.cloud platform?
- It is built exclusively on proprietary, closed-source technologies.
- It is hosted on-premise within each financial institution's data center.
- It requires developers to use a specific, Finastra-mandated programming language.
- It is built on Microsoft Azure and exposes core systems via RESTful APIs. (Correct answer)
Correct answer: It is built on Microsoft Azure and exposes core systems via RESTful APIs.
FusionFabric.cloud is built on Microsoft Azure and provides access to Finastra's core systems through open RESTful APIs. This cloud-based, open architecture is fundamental to its design, enabling scalability and collaboration.
Question 4: A bank intends to build a new internal application for its wealth management advisors to consolidate client data. The application will not be sold to other institutions. How does FusionFabric.cloud support this use case?
- The platform only supports applications intended for sale on the FusionStore.
- The bank must co-develop the application with a registered fintech partner.
- The platform allows financial institutions to build private applications for internal use only. (Correct answer)
- The bank must migrate its entire core system to the public cloud before using the platform.
Correct answer: The platform allows financial institutions to build private applications for internal use only.
FusionFabric.cloud explicitly supports the development of private applications. Banks and financial institutions can use the platform as an innovation tool to build applications for their own internal use, without any obligation to publish them on the FusionStore marketplace.
Question 5: During the application development lifecycle on FusionFabric.cloud, what is the purpose of the 'Sandbox' tenant?
- It is the final production environment where live customer transactions are processed.
- It is a marketplace for beta testing applications with a select group of users.
- It is a default development tenant providing access to APIs backed by live core systems for building and testing. (Correct answer)
- It is a billing and subscription management portal for published applications.
Correct answer: It is a default development tenant providing access to APIs backed by live core systems for building and testing.
The Finastra Sandbox is the default development tenant that developers get access to. It allows them to work with APIs that are backed by live core systems, providing a realistic environment for development and testing before promoting the application to UAT or production tenants.
Question 6: Which of the following best describes the role of the FusionStore in the FusionFabric.cloud ecosystem?
- A code repository for open-source financial algorithms.
- A marketplace for developers to promote, sell, and distribute applications built on the platform. (Correct answer)
- A mandatory deployment environment for all applications developed on the platform.
- A forum for developers to ask technical support questions.
Correct answer: A marketplace for developers to promote, sell, and distribute applications built on the platform.
FusionStore is the marketplace where applications developed on FusionFabric.cloud can be promoted, bought, sold, and consumed. It provides a channel for developers and fintechs to reach Finastra's global customer base of financial institutions.
Finastra Assessment FusionFabric.cloud Platform Questions and Answers
What is the primary function of FusionFabric.cloud?