Which of the following are potential benefits of technology for an FI?
A)service quality, especially for customers of large banks
B)the rate of innovation of new products has increased
C)FIs can more easily cross-market new and existing products to customers
D)All of the listed options are correct.

Question

Quizplus · Accepted Answer

All of the listed options are potential benefits of technology for an FI. Technology can improve service quality by providing faster, more efficient and accurate transactions for customers. It can also increase the rate of innovation of new products as FIs have more access to data and analysis tools to develop and test new products quickly. Furthermore, technology can enable FIs to easily cross-market new and existing products to customers by analyzing their transaction data and preferences.

Which of the Following Are Potential Benefits of Technology for an FI