11. Which technology allows for seamless integration between banks for remittance transactions?
a) Application programming interfaces (APIs)
b) Point-of-sale (POS) systems
c) Near-field communication (NFC)
d) All of the above
12. How does banking technology enable cross-border remittance transactions?
a) By facilitating currency conversion
b) By connecting with correspondent banks
c) By complying with international financial regulations
d) All of the above
13. Which technology allows for faster settlement of remittance transactions?
a) Real-time gross settlement systems (RTGS)
b) Automated Clearing House (ACH) networks
c) Immediate Payment Service (IMPS)
d) All of the above
14. What technology is commonly used for secure data transmission in remittance transactions?
a) Secure Sockets Layer (SSL) encryption
b) Transport Layer Security (TLS) protocol
c) Virtual private networks (VPNs)
d) All of the above
15. How does banking technology ensure data privacy in remittance transactions?
a) By adhering to data protection laws and regulations
b) By implementing end-to-end encryption
c) By conducting regular security audits
d) All of the above
