Technology in Remittance

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41. What technology allows for the integration of remittance services with social messaging platforms?

a) Chatbots

b) Social media APIs

c) Instant messaging platforms

d) All of the above

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42. How does banking technology reduce the risk of currency volatility in remittance transactions?

a) By providing real-time exchange rate information

b) By offering hedging options

c) By allowing customers to lock-in exchange rates

d) All of the above

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43. Which technology enables cross-border remittance transactions with minimal fees?

a) RippleNet

b) SWIFT gpi

c) Stellar network

d) All of the above

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44. What technology allows for the automatic routing of remittance transactions to the most cost-efficient payment routes?

a) Intelligent payment routing engines

b) Transaction monitoring systems

c) Artificial intelligence

d) All of the above

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45. How does banking technology improve the accuracy of recipient information in remittance transactions?

a) By implementing beneficiary validation checks

b) By providing real-time address verification

c) By auto-populating recipient details from previous transactions

d) All of the above

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