Finastra Assessment Test Finastra Assessment Digital Banking Channels 5

Question 1

What is the significance of WCAG 2.1 compliance for Finastra's digital banking channel applications?

Accepted Answer

It ensures digital banking interfaces are accessible to users with disabilities

Answer

WCAG 2.1 (Web Content Accessibility Guidelines) compliance ensures digital banking channels are accessible to users with visual, auditory, motor, or cognitive disabilities.

Question 2

In Finastra's digital banking security framework, what is the purpose of 'step-up authentication'?

Accepted Answer

Triggering additional authentication only when a higher-risk transaction is detected

Answer

Step-up authentication dynamically applies additional verification (e.g., OTP or biometric) only when a transaction's risk level exceeds a defined threshold.

Question 3

A Finastra digital banking platform must comply with the California Consumer Privacy Act (CCPA). Which practice is most directly required?

Accepted Answer

Giving California residents the right to know, delete, and opt out of sale of their personal data

Answer

CCPA requires banks and digital platforms serving California residents to disclose data collection practices and honor rights to access, delete, and opt out of data sales.

Question 4

What does 'time-to-market' mean in the context of Finastra's cloud-based digital banking channel deployment?

Accepted Answer

The speed at which new banking products or features can be deployed to customers

Answer

Time-to-market measures how quickly a bank can launch new digital features or products using cloud-based platforms, which is a key competitive advantage.

Question 5

Which deployment model does Finastra offer that allows banks to use digital banking channel software without managing the underlying infrastructure?

Accepted Answer

Software-as-a-Service (SaaS) cloud deployment

Answer

Finastra offers SaaS (Software-as-a-Service) deployment where the vendor manages infrastructure, updates, and maintenance, reducing the bank's IT burden.

Finastra Assessment Test Practice Test

Finastra Assessment Test Practice Test

Finastra Assessment Test Finastra Assessment Digital Banking Channels 5