16. Which technology is used to automate the reconciliation process in remittance transactions?
a) Robotic Process Automation (RPA)
b) Artificial intelligence (AI)
c) Big data analytics
d) All of the above
17. What technology allows customers to initiate remittance transactions using their smartphones?
a) Mobile wallets
b) QR code scanning
c) Near-field communication (NFC)
d) All of the above
18. How does banking technology mitigate the risk of errors in remittance transactions?
a) By implementing validation checks
b) By automating data entry processes
c) By utilizing error correction algorithms
d) All of the above
19. What technology is commonly used for fraud detection and prevention in remittance transactions?
a) Machine learning algorithms
b) Artificial intelligence
c) Biometric authentication
d) All of the above
20. Which technology enables instant remittance transactions between individuals?
a) Peer-to-peer (P2P) payment platforms
b) Digital wallets
c) Tap-and-go payments
d) All of the above
