36. How does banking technology enhance customer support in remittance transactions?
a) By offering chatbots for instant assistance
b) By providing 24/7 customer support services
c) By offering multilingual customer support channels
d) All of the above
37. What technology allows for the integration of remittance services with e-commerce platforms?
a) Payment gateway integration
b) Merchant APIs
c) Payment service providers (PSPs)
d) All of the above
38. How does banking technology enable compliance with international tax regulations in remittance transactions?
a) By automating tax reporting and withholding requirements
b) By integrating with tax authority systems
c) By conducting mandatory tax reviews on high-value remittance transactions
d) All of the above
39. What technology allows customers to send remittance using digital currencies (cryptocurrencies)?
a) Blockchain technology
b) Distributed ledger technology (DLT)
c) Cryptocurrency wallets
d) All of the above
40. How does banking technology improve the efficiency of remittance transactions for financial institutions?
a) By reducing manual processes and paperwork
b) By automating compliance checks and reporting
c) By optimizing liquidity management
d) All of the above
