Finastra Assessment Test Finastra Assessment Open Finance and APIs 3

Question 1

What is 'consent management' in Open Finance API architectures?

Accepted Answer

The process of obtaining, recording, and revoking customer permission for third parties to access their financial data

Answer

Consent management governs how customers grant, track, and withdraw permission for specific third-party applications to access their financial account data.

Question 2

In Finastra's Open Finance ecosystem, what is 'FusionCredit'?

Accepted Answer

A cloud-native commercial lending solution with open API capabilities

Answer

FusionCredit is Finastra's cloud-native commercial lending platform that exposes open APIs enabling integration with third-party fintech applications.

Question 3

What does 'token introspection' allow in OAuth 2.0 financial API security?

Accepted Answer

It allows a resource server to query the authorization server to validate and retrieve metadata about an active token

Answer

Token introspection (RFC 7662) enables a resource server to check whether an OAuth 2.0 token is still valid and retrieve its associated claims from the authorization server.

Question 4

What is 'event-driven architecture' and why is it valuable in Open Finance?

Accepted Answer

A design where systems publish and consume events asynchronously, enabling real-time financial notifications

Answer

Event-driven architecture decouples producers and consumers, allowing financial platforms to react to events (e.g., payment received) in real time via streams like Kafka.

Question 5

Which Finastra product provides treasury and capital markets functionality with open API access?

Accepted Answer

Fusion Capital

Answer

Fusion Capital is Finastra's treasury and capital markets platform that supports open API integration for front-office, middle-office, and back-office workflows.

Finastra Assessment Test Practice Test

Finastra Assessment Test Practice Test

Finastra Assessment Test Finastra Assessment Open Finance and APIs 3