Rapid Advances and Technological Innovations Are Requiring the Banking Industry

question 70

True/False

Rapid advances and technological innovations are requiring the banking industry to change.

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Definitions:

Bootstrapping

The process of building or starting a business with no outside investment, funding, or support.

Personal Credit Card

A card issued to individuals that allows them to borrow funds, usually at point of sale, with the promise to repay.

Construction Shop

A specialized retail or wholesale business that supplies materials, equipment, and tools for construction projects.

Crowdsourcing

The process of using the Internet to attract, aggregate, and manage ostensibly inexpensive or even free labor from enthusiastic customers and like-minded people.