Industry Specific · Financial Institutions Groups (FIG)
DeFi Financial Services Shift
This question asks what the rise of decentralized finance says about how financial services may evolve.
- Difficulty
- Easy
- Topic
- Industry Specific
- Subtopic
- Financial Institutions Groups (FIG)
What this question trains
This problem tests your understanding of how new technology can change the structure of financial services, especially the role of banks and other intermediaries. It asks you to think about why DeFi matters in a FIG context, including how blockchain, cryptocurrencies, and smart contracts can enable financial activity to happen with less reliance on traditional institutions. Interviewers ask this kind of question to see whether you can connect industry trends to the core business model of financial institutions and explain how innovation may affect payments, lending, custody, and other financial products.