Finastra Assessment Test Finastra Assessment Finastra's AI Strategy 2

Question 1

Which cloud platform does Finastra use to deliver its AI-powered financial applications as open APIs?

Accepted Answer

FusionFabric.cloud

Answer

FusionFabric.cloud is Finastra's open platform that enables third-party developers and fintechs to build and deploy AI-powered financial apps via open APIs.

Question 2

How does Finastra's AI strategy support the concept of 'Open Finance'?

Accepted Answer

By enabling AI models to be shared across banks via open APIs

Answer

Finastra's AI strategy is tightly coupled to Open Finance, using open APIs so institutions can integrate AI capabilities across ecosystems rather than siloed proprietary systems.

Question 3

What is the primary goal of Finastra's Responsible AI framework?

Accepted Answer

Ensuring AI is fair, transparent, explainable, and compliant with regulations

Answer

Finastra's Responsible AI framework prioritizes fairness, transparency, explainability, and regulatory compliance to build trust in AI-driven financial services.

Question 4

Which Microsoft product partnership is central to Finastra's generative AI ambitions?

Accepted Answer

Microsoft Azure OpenAI Service

Answer

Finastra partnered with Microsoft to leverage Azure OpenAI Service, embedding large language model capabilities across its financial software suite.

Question 5

In Finastra's AI strategy, what does 'AI-augmented' mean in the context of relationship managers?

Accepted Answer

AI provides insights and recommendations while humans retain decision authority

Answer

AI-augmented means AI tools surface data-driven insights to relationship managers, enhancing their effectiveness while keeping humans in control of final decisions.

Finastra Assessment Test Practice Test

Finastra Assessment Test Practice Test

Finastra Assessment Test Finastra Assessment Finastra's AI Strategy 2