Finastra Assessment Test Cheat Sheet 2026

The 30 highest-yield Finastra Assessment Test facts, distilled from real exam questions. Print it, save it as a PDF, or study it here — free, no sign-up.

1. Under a Documents Against Payment (D/P) collection, the buyer receives the shipping documents: → Only after making full payment to the collecting bank
2. Which Finastra feature allows banks to configure automated actions when an account balance falls below a defined threshold? → Event-driven rules engine / balance alerts
3. If all Blurps are Flurps, and all Flurps are Zurps, which statement must be true? → All Blurps are Zurps
4. Which credit bureau score is most commonly used in US retail lending decisions? → FICO Score
5. A financial institution's AML program must include all of the following EXCEPT: → Guaranteed zero tolerance for false positives in transaction monitoring
6. Which Finastra solution provides open banking APIs that allow third-party developers to access banking functionality? → FusionFabric.cloud
7. Which of these situations calls for the use of the formula A=Pert? → Continuously
8. Which Finastra platform is specifically designed to enable banks to offer mobile-first digital banking experiences to retail customers? → Finastra Fusion Digital Front Office
9. Which of the following best describes the role of a Central Securities Depository (CSD) in the post-trade environment? → Providing safekeeping and settlement of securities through electronic book-entry.
10. In the context of Finastra's open banking strategy, what is a 'developer portal' used for? → A platform where developers can discover, test, and integrate Finastra APIs
11. Which open banking regulation most directly drove adoption of FusionFabric.cloud APIs in Europe? → PSD2 (Payment Services Directive 2)
12. An asset purchased for $50,000 depreciates at 10% straight-line over 5 years. What is its book value after 3 years? → $35,000
13. A credit card balance of $2,400 accrues simple interest at 18% APR for 6 months. What is the total interest owed? → $216
14. What is the significance of the Basel III framework for Finastra's core banking reporting capabilities? → It sets capital adequacy, liquidity, and leverage requirements that banks must report on
15. In SEPA (Single Euro Payments Area) credit transfers, what is the maximum execution time for a standard SCT transaction? → 1 business day
16. Which word is most similar in meaning to 'EXACERBATE'? → Worsen
17. Which risk metric does Finastra's Fusion Risk use to capture the potential loss from simultaneous default of a counterparty and adverse market movement? → Wrong-Way Risk (WWR)
18. A semicircle is rotated 360° around its diameter. What 3D solid is formed? → A sphere
19. Which regulatory framework most directly governs consumer mortgage lending disclosures in the US? → TRID (TILA-RESPA Integrated Disclosure)
20. A bank using Finastra's digital channels wants to reduce branch visits for routine transactions. Which self-service channel is most effective for this goal? → Deploying advanced ATM and interactive kiosk self-service solutions
21. What does 'idempotency' mean in the context of financial APIs? → Repeating the same request multiple times produces the same result without side effects
22. An investment compounds annually at 6% for 2 years. What is the compound interest earned on a $10,000 principal? → $1,236
23. METICULOUS most nearly means: → Careful and precise
24. Which of the following shapes would the net resemble if it were folded into a cube? → D
25. Which HTTP status code indicates that an API request was successful and a new resource was created? → 201 Created
26. In Finastra's liquidity stress testing, what does a 'liquidity gap' report show? → The mismatch between cash inflows and outflows across future time buckets
27. In Finastra's FX trading module, what distinguishes a 'Tom-Next' swap from a standard spot transaction? → Tom-Next rolls a position from tomorrow to the next business day, while spot settles T+2
28. Which regulatory framework requires banks to maintain a Liquidity Coverage Ratio (LCR)? → Basel III
29. A mortgage of $320,000 is paid off over 20 years with equal annual payments of $25,600. What total amount is paid? → $512,000
30. A map shows a route: start, go North 3 blocks, East 4 blocks, South 1 block, West 2 blocks. What is the straight-line distance from start to finish? → √20 blocks