6. Which technology is commonly used for identity verification in remittance transactions?
a) Biometric authentication
b) Two-factor authentication
c) Secure tokens
d) All of the above
7. Which technology is used to improve transparency and traceability in remittance transactions?
a) Blockchain
b) Artificial intelligence
c) Machine learning
d) All of the above
8. How does banking technology ensure compliance with international regulations in remittance transactions?
a) By implementing anti-money laundering (AML) measures
b) By performing Know Your Customer (KYC) checks
c) By monitoring and reporting suspicious activities
d) All of the above
9. Which technology allows customers to track the progress of their remittance transaction?
a) Mobile banking apps
b) SMS notifications
c) Online transaction history
d) All of the above
10. How does banking technology reduce the cost of remittance transactions?
a) By eliminating the need for intermediaries
b) By automating manual processes
c) By reducing administrative overheads
d) All of the above
