Banking · Digital Banking & Financial Technology
Consider the following statements regarding emerging technologies and their applications in the digital banking ecosystem: I. Artificial Intelligence (AI) powers chatbots and virtual assistants in mobile banking apps to enhance customer support. II. Blockchain is a distributed ledger technology explored by some mobile banking apps to ensure secure and transparent transactions. III. Blockchain technology primarily relies on a deferred net settlement (DNS) basis to process transactions in hourly batches. IV. Artificial Intelligence is exclusively utilized as an electronic funds transfer system to process high-value interbank transactions on a real-time basis. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I, III and IV Only
- 2I and II Only✓
- 3II, III and IV Only
- 4I, II and IV Only
Correct answer
I and II Only
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