Fintech Has Advantages Such as Being Unburdened by Regulators, Legacy

question 45

True/False

Fintech has advantages such as being unburdened by regulators, legacy IT systems, branch networks, and not having the need to protect existing businesses.

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Definitions:

Upward Mobility

The ability for individuals or groups to move to a higher social class or economic position.

Travers and Milgram

Researchers known for their social experiment in the 1960s which demonstrated the "small world phenomenon," illustrating how closely connected humans are through social networks.

Small World Problem

A concept in sociology that suggests most people are connected through a short chain of acquaintances, emphasizing the interconnectedness of social networks.

Union Membership

The state of being a member of an organization, known as a union, that represents the interests of workers in specific industries or workplaces.