Technology in Remittance

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26. Which technology allows for automatic payment routing in remittance transactions?

a) Intelligent payment routing engines

b) Big data analytics

c) Payment gateways

d) All of the above

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27. What technology is commonly used for real-time monitoring of remittance transactions?

a) Transaction monitoring systems

b) Fraud detection algorithms

c) Artificial intelligence

d) All of the above

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28. How does banking technology mitigate the risk of transaction delays in remittance?

a) By providing instant notifications and updates to customers

b) By automating compliance checks and approval processes

c) By optimizing liquidity management

d) All of the above

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29. What technology allows for seamless integration between banks and money transfer operators (MTOs)?

a) Interbank messaging standards (e.g., SWIFT)

b) Application programming interfaces (APIs)

c) Blockchain networks

d) All of the above

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30. Which technology enables customers to initiate remittance transactions through voice commands?

a) Voice recognition technology

b) Speech-to-text technology

c) Natural language processing (NLP)

d) All of the above

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