Both Sales And PreSales

1. Oracle Banking Payments Sales Specialist Assessment

 1. Who among these is a new player in the modern payments landscape? (Select all that apply)

Answers
 1.Fintechs
 2.Social payments players
 3.Digital currencies
 4.Correspondent banks

 2. What is not true about Oracle Banking Payments?

Answers
 1.Oracle Banking Payments does not provide external interfacing for accounting hand-off
transfer
 2.Gives visibility & predictability into real time payments
 3.Delivers high fidelity insight
 4.Multi-currency, multi-entity and multi-standard coverage for corporate and retail payments

 3. A bank?s operational user who previously had to manually match invoice data and ensure that
the payments are getting routed to the right recipients now uses a machine learning program to
automatically pick up data from pre-defined fields and input them to create a much faster invoice
matching framework. This is an example of what kind of attribute?
Incorrect

Answers
 1.Co-innovation or co-creation
 2.Purpose driven insight
 3.Intelligent process
 4.Hyperscale business

 4. Which of these is a regulatory pressure driving payments?

Incorrect

Answers
 1.PSD2
 2.SWIFT GPI
 3.Open API
 4.ISO 20022

 5. Ability to provide a clear liquidity position to a corporate during or after a payment transaction
involves which pillar of the payments transformation reference architecture?

Answers
 1.Market feeds integration
 2.Business services integration
 3.Analytics integration
 4.Revenue management & billing integration

 6. What is false about Oracle Banking Payments?

Answers
 1.Oracle Banking Payments supports only external payments and not internal/book transfers
 2.The solution enables embedding of payments API into any business transaction
 3.It provides a pre-configured user experience for payments, transfer and billing
  4.It provides pre-baked business processes for payments

 7. Among the following, what could be potential questions to ask a prospect, to uncover challenges
with their payment systems? (select all that apply)

Answers
 1.Multiple, inflexible systems dealing with different payment types
 2.Low Levels of integration with the overall application ecosystem
 3.Inability to obtain a single customer and operational view
 4.Dealing with multiple messaging standards and formats

 8. What is true about SWIFT GPI and Instant SEPA support in Oracle Banking Payments?

Answers
 1.It does not support SWIFT GPI or Instant SEPA
 2.It has out-of-box support for SWIFT GPI and Instant SEPA
 3.There is no clarity on support for either SWIFT GPI or Instant SEPA in the product
 4.None of the above

 9. Which of the following is not a trigger for a sales play with Oracle Banking Payments?

Answers
 1.Support for ISO20022 & Open Banking
 2.Real-Time Payments & Correspondent Banking Modernization
 3.Consolidation of payments silos and de-duplication of payments logic
 4.The change in the price of BitCoin

 10. Ensuring integration with clearing and settlement systems like Fedwire and ACH in the US
brings which pillar of the payments transformation reference architecture into play?

Answers
 1.Market feeds integration
 2.Business services integration
 3.Analytics integration
 4.Revenue management & billing integration
 5.Digital experience integration

 11. Which of the following statements is true (Select all that apply)

Answers
 1.Oracle has been servicing the payments industry for over 20 years
 2.It has been SWIFT certified since 2007
 3.Oracle Financial Services has over 500 banking customers
 4.Oracle Financial Services has presence in 30 countries

 12. The key value proposition statements of Oracle Banking Payments are? Select all that apply

Answers
 1.It is built-digital first and leverages ISO 20022 grounds-up
 2.It uses a rules-based network to determine dynamically what payment network is to be
used
 3.It is SEPA compliant
 4.It has the ability to provide corporates a view of their liquidity positions
  13. Which of the following is true about Oracle Banking Payments?

Answers
 1.Oracle Banking Payments provides comprehensive in-built rules to derive debit account
and credit account
 2.Oracle Banking Payments does not support SWIFTNet connectivity and reference data
 3.Banks have limited customer view including billing data for services handled by variety of
systems such as ACH and RTGS
 4.1,2

 14. What is true about payment routing in Oracle Banking Payments?

Answers
 1.The application requires manual payment routing based on correspondents information
 2.It requires manual switching to the required payments network based on the incoming
payment type
 3.It is difficult to configure for integration with existing clearing house networks
 4.It provides automated payment routing based on correspondents information

 15. Which statement best describes the benefit experienced by corporate customers due to
adoption of ISO 20022

Answers
 1.ISO 20022 removes dependency on corporates to remain with their current banks
provided they are ISO 20022 compliant and can participate in a C2B messaging framework
 2.ISO 20022 is a mandatory requirement for corporate customers availing payments
services from banks
 3.ISO 20022 is not a means to standardize payments for corporates
 4.ISO 20022 framework applies only to corporate payments

 16. Which of these features as a value proposition pillar of Oracle Banking Payments?

Incorrect

Answers
 1.Visibility & Liquidity
 2.Standard Messaging Framework
 3.Automated Routing for Settlement
 4.Compliance with SEPA, SWIFT
 5.Digital Customer Experience

 17. Building a custom wallet for specific customers of a bank in collaboration with a mobile services
provider is an example of what kind of an attribute?
Incorrect

Answers
 1.Co-innovation or co-creation
 2.Purpose driven insight
 3.Intelligent process
 4.Hyperscale business

 18. Which of these is a challenge arising from having multiple, inflexible payment systems? Select
all that apply
Incorrect

Answers
 1.Difficulty in implementing new services
 2.Duplication of functions leading to inefficiencies
  3.Poor customer service
 4.Inability to comply with regulatory requirements

 19. Which of the following is (are) benefits of the payments hub in Oracle Banking Payments

Answers
 1.Provides a unified payments platform to drive efficiency and bring down complexity
 2.Gives visibility & predictability into real time payments
 3.Delivers high fidelity insight
 4.None of the above

 20. What is true about Oracle Banking Payments?

Answers
 1.It supports faster/ immediate payments
 2.It provides a single input screen with ability to resolve payments network based on a rules-
framework
 3.It provides and supports ReST APIs for easy integration with both internal and external
business services
 4.1,2

 21. Ability to expose APIs and have them wrapped around existing business processes of
corporate or fintech partners of a bank brings which pillar of the payments transformation reference
architecture into play?

Answers
 1.Market feeds integration
 2.Business services integration
 3.Analytics integration
 4.Revenue management & billing integration
 5.Digital experience integration

 22. A corporate customer getting access to information on payments processed successfully, time
of payment receipts for each recipient and overall success rate of payments in a bulk file upload
scenario is an example of what kind of attribute?

Answers
 1.Co-innovation or co-creation
 2.Purpose driven insight
 3.Intelligent process
 4.Hyperscale business

 23. The biggest challenges being faced by current payments users are ? (Select all that apply)

Answers
 1.Banks have traditionally used different payment systems for different payment types
 2.Customers do not have a common view of the payments transaction
 3.The banks operational users do not have a common view of transactions (eg. Exceptions)
 4.Payment systems have been tightly integrated with latest digital technologies

 24. Which of the following does not feature in the Oracle Banking Payments functional architecture
(Select all that apply)

Answers
 1.Output layer ? Message out and SWIFTNet connectivity
 2.Processing layer ? support for multiple payment types and sub-systems
  3.Input layer ? application user input, integration APIs and services, bulk input, message in
and SWIFTNet connectivity
 4.Analytics layer

 25. Which of these is not a driver of corporate digitization?

Answers
 1.Visibility & Predictability
 2.Cross-border payments
 3.Efficient cash management
 4.Secure transactions
 5.PSD2

 26. Which of the following is not one of the pillars in Oracle?s reference architecture for payments
transformation

Answers
 1.Digital Experience
 2.Market Feeds
 3.Analytics
 4.Business Services
 5.Service hub

 27. In-line compliance, OFAC and fraud check built into a process brings which pillar of the
payments transformation architecture into play?

Answers
 1.Market feeds integration
 2.Business services integration
 3.Analytics integration
 4.Revenue management & billing integration

 28. What are the key customer demands from a retail payments perspective? Select all that apply

Answers
 1.Instant gratification
 2.Digital first
 3.Anytime/anywhere access
 4.Personalized experience

 29. Which of the following is not a benefit provided by Oracle Banking Payments?

Answers
 1.Oracle Banking Payments provides ability to seamlessly integrate with credit bureaus,
agency systems and third party feeds
 2.Provides a unified payments platform to drive efficiency and bring down complexity
 3.Gives visibility & predictability into real time payments
 4.Delivers high fidelity insight
 5.None of the above

 30. What are some of the trends from the retail payments space that are becoming increasingly
relevant for corporates, and consequently become talking points in a prospect interaction? Select all
that apply
Incorrect

Answers
  1.Hyper-scale business models
 2.Intelligent processes
 3.Co-creation of products/ services
 4.Purpose-driven insight

PreSales

1. Oracle Banking Payments Solution Engineer Specialist Assessment

 1. The key value proposition statements of Oracle Banking Payments are? Select all that apply

Answers
 1.It is built-digital first and leverages ISO 20022 grounds-up
 2.It uses a rules-based network to determine dynamically what payment network is to be
used
 3.It is SEPA compliant
 4.It has the ability to provide corporates a view of their liquidity positions

 2. What are the key customer demands from a retail payments perspective? Select all that apply

Answers
 1.Instant gratification
 2.Digital first
 3.Anytime/anywhere access
 4.Personalized experience

 3. Which of the following is true about Oracle Banking Payments?

Incorrect

Answers
 1.It can run as a standalone payments engine in conjunction with multiple DDAs
 2.It can be configured to run only in a single geography
 3.It does not support multi-currency debit and credit accounts
 4.None of the above

 4. The biggest challenges being faced by current payments users are ? (Select all that apply)

Answers
 1.Banks have traditionally used different payment systems for different payment types
 2.Customers do not have a common view of the payments transaction
 3.The banks operational users do not have a common view of transactions (eg. Exceptions)
 4.Payment systems have been tightly integrated with latest digital technologies

 5. What is true about SWIFT GPI and Instant SEPA support in Oracle Banking Payments?

Answers
 1.It does not support SWIFT GPI or Instant SEPA
 2.It has out-of-box support for SWIFT GPI and Instant SEPA
 3.There is no clarity on support for either SWIFT GPI or Instant SEPA in the product
 4.None of the above
  6. Which of these is not a workload type for bulk input in the Input layer?

Answers
 1.Uniform workload
 2.Mixed workload with support for network resolution
 3.Single context payment input
 4.Minimum workload

 7. Among others, Oracle Banking payments supports external interfacing for what kind of data?
(Select all that apply)

Answers
 1.Sanctions screening
 2.FX rate fetch & feeds
 3.External credit approval & account validations
 4.Customer bank account statement

 8. Which statement best describes the benefit experienced by corporate customers due to adoption
of ISO 20022

Answers
 1.ISO 20022 removes dependency on corporates to remain with their current banks
provided they are ISO 20022 compliant and can participate in a C2B messaging framework
 2.ISO 20022 is a mandatory requirement for corporate customers availing payments
services from banks
 3.ISO 20022 is not a means to standardize payments for corporates
 4.ISO 20022 framework applies only to corporate payments

 9. Which of these features as a value proposition pillar of Oracle Banking Payments?

Answers
 1.Visibility & Liquidity
 2.Standard Messaging Framework
 3.Automated Routing for Settlement
 4.Compliance with SEPA, SWIFT
 5.Digital Customer Experience

 10. Which of these are components of the payments hub? Select all that apply

Answers
 1.Messaging
 2.Payment Gateway
 3.Payment processing
 4.Liquidity management
 5.Treasury services

 11. Which of these is a challenge arising from having multiple, inflexible payment systems? Select
all that apply

Answers
 1.Difficulty in implementing new services
 2.Duplication of functions leading to inefficiencies
 3.Poor customer service
 4.Inability to comply with regulatory requirements
  12. Which of these are shared sub-systems in the processing layer? Select all that apply

Answers
 1.Pricing
 2.Operations Queues
 3.Beneficiary registration
 4.ReST Services
 5.User input

 13. ISO 20022 and PSD2 are two of the most critical customer demands that the payments industry
is witnessing today?
Incorrect

Answers
 1.T
 2.F

 14. When processing multiple payment types through a single hub, which of the following is not an
advantage of Oracle Banking Payments?

Answers
 1.Common business rules
 2.Common exception handling capability
 3.Possibility to centralize operations
 4.Supports only one currency

 15. A corporate customer getting access to information on payments processed successfully, time
of payment receipts for each recipient and overall success rate of payments in a bulk file upload
scenario is an example of what kind of attribute?

Answers
 1.Co-innovation or co-creation
 2.Purpose driven insight
 3.Intelligent process
 4.Hyperscale business

 16. Which of the following is not a benefit provided by Oracle Banking Payments?

Answers
 1.Oracle Banking Payments provides ability to seamlessly integrate with credit bureaus,
agency systems and third party feeds
 2.Provides a unified payments platform to drive efficiency and bring down complexity
 3.Gives visibility & predictability into real time payments
 4.Delivers high fidelity insight
 5.None of the above

 17. Performing risk ratings for decision making is a part of which pillar of analytics?
Incorrect

Answers
 1.Risk
 2.Fraud & Crime management
 3.Insight
 4.Compliance management

 18. Among the following, what could be potential questions to ask a prospect, to uncover
challenges with their payment systems? (select all that apply)

Answers
 1.Multiple, inflexible systems dealing with different payment types
 2.Low Levels of integration with the overall application ecosystem
 3.Inability to obtain a single customer and operational view
 4.Dealing with multiple messaging standards and formats

 19. Which of these is not a driver of corporate digitization?

Answers
 1.Visibility & Predictability
 2.Cross-border payments
 3.Efficient cash management
 4.Secure transactions
 5.PSD2

 20. Which of the following statements is true (Select all that apply)

Answers
 1.Oracle has been servicing the payments industry for over 20 years
 2.It has been SWIFT certified since 2007
 3.Oracle Financial Services has over 500 banking customers
 4.Oracle Financial Services has presence in 30 countries

 21. What industry driven changes are forcing banks to reconsider how they process payments

Answers
 1.Real-Time Payments and Anti-Money Laundering
 2.Anti-Money Laundering and Correspondent Banking Modernization
 3.Fintech competition and Anti-Money Laundering
 4.Real-Time Payments and Correspondent Banking Modernization

 22. Ensuring integration with clearing and settlement systems like Fedwire and ACH in the US
brings which pillar of the payments transformation reference architecture into play?

Answers
 1.Market feeds integration
 2.Business services integration
 3.Analytics integration
 4.Revenue management & billing integration
 5.Digital experience integration

 23. Which of the following is a complexity that is causing challenges for banks?

Answers
 1.Legacy systems have been around for a long time
 2.Legacy systems have proven stable over many years
 3.The bank has inflexible and siloed payments systems
 4.The payment systems are all flexible

 24. Disaggregating payments message generation from message delivery in Oracle Banking

Payments allows banks to hyper-scale and expand into geographies

Answers
  1.T
 2.F

 25. Which of these is not true about ISO 20022?

Answers
 1.Makes it easier for corporates to manage banking relationships
 2.Is a standard framework for all banks and payments users to plug into
 3.Enables advanced analytics
 4.Offer a complex integration environment

 26. Who among these is a new player in the modern payments landscape? (Select all that apply)

Answers
 1.Fintechs
 2.Social payments players
 3.Digital currencies
 4.Correspondent banks

 27. Transparency  in payments information and pricing information is being provided by which of

the following standards respectively?
Incorrect

Answers
 1.SWIFT GPI and PSD2
 2.ISO 20022 and SWIFT GPI
 3.ISO 8583 and PSD2
 4.PSD2 and Open API

 28. Resolving an incoming SWIFT payment message through local clearing requires use of which
functionality of Oracle Banking Payments?
Incorrect

Answers
 1.Network derivation rules for automatic payment system routing
 2.Purpose driven insights
 3.Digital experience
 4.Integration with market feeds

 29. In-line compliance, OFAC and fraud check built into a process brings which pillar of the
payments transformation architecture into play?

Answers
 1.Market feeds integration
 2.Business services integration
 3.Analytics integration
 4.Revenue management & billing integration

 30. Building a custom wallet for specific customers of a bank in collaboration with a mobile services
provider is an example of what kind of an attribute?

Answers
 1.Co-innovation or co-creation
 2.Purpose driven insight
 3.Intelligent process
  4.Hyperscale business

 31. Which of the following is one of the shared sub-systems within the Processing Layer?

Answers
 1.Corporate-to-Bank (C2B) file upload
 2.Sanctions and Fraud checking
 3.Operations Queues
 4.Revenue Management and Billing

 32. Which of the following does not feature in the Oracle Banking Payments functional architecture
(Select all that apply)

Answers
 1.Output layer ? Message out and SWIFTNet connectivity
 2.Processing layer ? support for multiple payment types and sub-systems
 3.Input layer ? application user input, integration APIs and services, bulk input, message in
and SWIFTNet connectivity
 4.Analytics layer

 33. A bank?s operational user who previously had to manually match invoice data and ensure that
the payments are getting routed to the right recipients now uses a machine learning program to
automatically pick up data from pre-defined fields and input them to create a much faster invoice
matching framework. This is an example of what kind of attribute?

Answers
 1.Co-innovation or co-creation
 2.Purpose driven insight
 3.Intelligent process
 4.Hyperscale business

 34. Ability to expose APIs and have them wrapped around existing business processes of
corporate or fintech partners of a bank brings which pillar of the payments transformation reference
architecture into play?

Answers
 1.Market feeds integration
 2.Business services integration
 3.Analytics integration
 4.Revenue management & billing integration
 5.Digital experience integration

 35. What is true about payment routing in Oracle Banking Payments?

Answers
 1.The application requires manual payment routing based on correspondents information
 2.It requires manual switching to the required payments network based on the incoming
payment type
 3.It is difficult to configure for integration with existing clearing house networks
 4.It provides automated payment routing based on correspondents information

 36. What industry standards are supporting a revamp of payment processes

Answers
 1.ISO8583 and ISO20022
 2.ISO20022 and SWIFT Global Payments Innovation (GPI)
  3.ISO8583 and Blockchain
 4.SWIFT and Blockchain

 37. Which of the following is not true about billing and revenue management aspect of Oracle
Banking Payments

Answers
 1.Banks can gain complete customer view including billing data for services handled by
variety of systems such as ACH and RTGS
 2.Users can reduce revenue leakage through pervasive relationship tracking
 3.Banks can enable a tailored user experience using revenue management and billing
 4.Banks can seamlessly configure metered billing and pricing by volume and /or value

 38. Which statement best describes the use of REST APIs?

Answers
 1.REST API framework is the only requirement for payments transformation to a co-creation
model
 2.REST API is most useful to cohesive business service co-creation when offered with
individual business area services
 3.REST APIs need to be offered on a unified payments hub model to truly enable co-
creation
 4.REST APIs do not play any role in enabling co-creation

 39. Analyzing channels data to understand customer interactions is a part of which pillar of

analytics?

Answers
 1.Insight
 2.Fraud & Crime management
 3.Risk
 4.Compliance management

 40. One of the key challenges of siloed payment ecosystems leading to duplication of functions and
therefore, inefficiencies, is being addressed through Oracle Banking Payments

Answers
 1.T
 2.F