9/28/21, 10:21 AM 98811 - Oracle Banking Payments Solution Engineer Specialist Assessment

Test: 98811 - Oracle Banking Payments Solution

Engineer Specialist Assessment
Review your answers, feedback, and question scores below.

Oracle Banking Payments Solution Engineer Specialist Assessment

1. Which of these features as a value proposition pillar of Oracle Banking Payments? (1/1) Points
Compliance with SEPA, SWIFT
Visibility & Liquidity

Standard Messaging Framework

Digital Customer Experience

Automated Routing for Settlement

2. In-line compliance, OFAC and fraud check built into a process brings which pillar of the payments (1/1) Points
transformation architecture into play?
Revenue management & billing integration

Market feeds integration

Analytics integration
Business services integration

3. What is false about Oracle Banking Payments? (1/1) Points

It provides a pre-configured user experience for payments, transfer and billing
The solution enables embedding of payments API into any business transaction
It provides pre-baked business processes for payments

Oracle Banking Payments supports only external payments and not internal/book transfers

4. The key value proposition statements of Oracle Banking Payments are? Select all that apply (1/1) Points
It has the ability to provide corporates a view of their liquidity positions
It is SEPA compliant

It is built-digital first and leverages ISO 20022 grounds-up

It uses a rules-based network to determine dynamically what payment network is to be used

5. Which of the following statements is true (Select all that apply) (1/1) Points
It has been SWIFT certified since 2007
Oracle Financial Services has presence in 30 countries
Oracle has been servicing the payments industry for over 20 years
O l Fi i lS i h 500 b ki t
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Oracle Financial Services has over 500 banking customers

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9/28/21, 10:22 AM 98811 - Oracle Banking Payments Solution Engineer Specialist Assessment

Test: 98811 - Oracle Banking Payments Solution

Engineer Specialist Assessment
Review your answers, feedback, and question scores below.

Oracle Banking Payments Solution Engineer Specialist Assessment

6. Among the following, what would not be a potential conversation enabler? (0/1) Points
Is your bank a member of the SWIFT network?
What is your opinion about a single payment hub to handle different types of payments?

How easy is it for your bank to change your payment systems or introduce new payment methods and
comply with the regulatory changes?

How is your bank gearing up to meet the changes of ISO20022 and real-time payments?

 Incorrect

7. Which of the following is not one of the pillars in Oracle's reference architecture for payments (1/1) Points
transformation
Analytics

Service hub
Business Services

Market Feeds

Digital Experience

8. A bank's operational user who previously had to manually match invoice data and ensure that the (1/1) Points
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?
Co-innovation or co-creation
Intelligent process

Hyperscale business
Purpose driven insight

9. Which of the following is true about the digital experience aspect of Oracle Banking Payments? Select all (1/1) Points
that apply
The solution enables embedding of payments API into any business transaction
It provides a pre-configured user experience for payments, transfer and billing
It provides pre-baked business processes for payments

None of the above

10 Abilit t API dh th d d i ti b i f
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9/28/21, 10:22 AM 98811 - Oracle Banking Payments Solution Engineer Specialist Assessment
10. Ability to expose APIs and have them wrapped around existing business processes of corporate or (1/1) Points
fintech partners of a bank brings which pillar of the payments transformation reference architecture into
play?
Business services integration
Analytics integration
Digital experience integration

Revenue management & billing integration

Market feeds integration

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9/28/21, 10:22 AM 98811 - Oracle Banking Payments Solution Engineer Specialist Assessment

Test: 98811 - Oracle Banking Payments Solution

Engineer Specialist Assessment
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Oracle Banking Payments Solution Engineer Specialist Assessment

11. Which of these are shared sub-systems in the processing layer? Select all that apply (1/1) Points
ReST Services
Operations Queues

Beneficiary registration

Pricing

User input

12. Which of these is a regulatory pressure driving payments? (1/1) Points

ISO 20022

Open API

SWIFT GPI
PSD2

13. What is not true about Oracle Banking Payments? (1/1) Points
Multi-currency, multi-entity and multi-standard coverage for corporate and retail payments
Gives visibility & predictability into real time payments
Delivers high fidelity insight
Oracle Banking Payments does not provide external interfacing for accounting hand-off transfer

14. What are the key customer demands from a retail payments perspective? Select all that apply (1/1) Points
Personalized experience
Anytime/anywhere access

Instant gratification
Digital first

15. Which of these is a challenge arising from having multiple, inflexible payment systems? Select all that (1/1) Points
apply
Duplication of functions leading to inefficiencies
Poor customer service
Inability to comply with regulatory requirements
Diffi lt i i l ti i
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9/28/21, 10:22 AM 98811 - Oracle Banking Payments Solution Engineer Specialist Assessment
Difficulty in implementing new services

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9/28/21, 10:23 AM 98811 - Oracle Banking Payments Solution Engineer Specialist Assessment

Test: 98811 - Oracle Banking Payments Solution

Engineer Specialist Assessment
Review your answers, feedback, and question scores below.

Oracle Banking Payments Solution Engineer Specialist Assessment

16. Which of the following is not a trigger for a sales play with Oracle Banking Payments? (1/1) Points
Support for ISO20022 & Open Banking
Real-Time Payments & Correspondent Banking Modernization

Consolidation of payments silos and de-duplication of payments logic

The change in the price of BitCoin

17. Which of the following is not true about billing and revenue management aspect of Oracle Banking (1/1) Points
Payments
Banks can enable a tailored user experience using revenue management and billing

Banks can gain complete customer view including billing data for services handled by variety of systems
such as ACH and RTGS
Banks can seamlessly configure metered billing and pricing by volume and /or value
Users can reduce revenue leakage through pervasive relationship tracking

18. What is true about payment routing in Oracle Banking Payments? (1/1) Points
The application requires manual payment routing based on correspondents information
It provides automated payment routing based on correspondents information
It requires manual switching to the required payments network based on the incoming payment type

It is difficult to configure for integration with existing clearing house networks

19. Which of the following is true about Oracle Banking Payments? (1/1) Points
It can run as a standalone payments engine in conjunction with multiple DDAs
It can be configured to run only in a single geography

It does not support multi-currency debit and credit accounts

None of the above

20. The biggest challenges being faced by current payments users are ? (Select all that apply) (1/1) Points
Customers do not have a common view of the payments transaction
Payment systems have been tightly integrated with latest digital technologies
Banks have traditionally used different payment systems for different payment types
The banks operational users do not have a common view of transactions (eg. Exceptions)
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9/28/21, 10:23 AM 98811 - Oracle Banking Payments Solution Engineer Specialist Assessment
The banks operational users do not have a common view of transactions (eg. Exceptions)

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9/28/21, 10:23 AM 98811 - Oracle Banking Payments Solution Engineer Specialist Assessment

Test: 98811 - Oracle Banking Payments Solution

Engineer Specialist Assessment
Review your answers, feedback, and question scores below.

Oracle Banking Payments Solution Engineer Specialist Assessment

21. Which of these is not a key driver for payments transformation in a digital world? (0/1) Points
Payment networks
New players and business models

Regulatory pressure and evolving standards

Corporate digitization

Consumer Digitization

 Incorrect

22. Which of these statements does not represent Oracle's pedigree in Payments? (0/1) Points
Processing ? of instant payments volumes of India

SWIFT certified since 2007

Financial Services applications installed at 500 customers in 140 countries

The Oracle ?Red Stack?

 Incorrect

23. Performing risk ratings for decision making is a part of which pillar of analytics? (1/1) Points
Compliance management
Insight
Risk
Fraud & Crime management

24. What industry driven changes are forcing banks to reconsider how they process payments (1/1) Points
Fintech competition and Anti-Money Laundering
Real-Time Payments and Anti-Money Laundering

Anti-Money Laundering and Correspondent Banking Modernization

Real-Time Payments and Correspondent Banking Modernization

25. What is true about Oracle Banking Payments? (1/1) Points

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

12
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9/28/21, 10:23 AM 98811 - Oracle Banking Payments Solution Engineer Specialist Assessment

Test: 98811 - Oracle Banking Payments Solution

Engineer Specialist Assessment
Review your answers, feedback, and question scores below.

Oracle Banking Payments Solution Engineer Specialist Assessment

26. Which of these is not true about ISO 20022? (1/1) Points
Makes it easier for corporates to manage banking relationships
Offer a complex integration environment

Is a standard framework for all banks and payments users to plug into

Enables advanced analytics

27. Which of these is not a workload type for bulk input in the Input layer? (1/1) Points
Uniform workload

Single context payment input

Mixed workload with support for network resolution

Minimum workload

28. Who among these is a new player in the modern payments landscape? (Select all that apply) (1/1) Points
Correspondent banks
Fintechs

Social payments players

Digital currencies

29. Among the following, what could be potential questions to ask a prospect, to uncover challenges with (1/1) Points
their payment systems? (select all that apply)
Low Levels of integration with the overall application ecosystem
Inability to obtain a single customer and operational view
Dealing with multiple messaging standards and formats

Multiple, inflexible systems dealing with different payment types

30. What is true about SWIFT GPI and Instant SEPA support in Oracle Banking Payments? (1/1) Points
It does not support SWIFT GPI or Instant SEPA
It has out-of-box support for SWIFT GPI and Instant SEPA
There is no clarity on support for either SWIFT GPI or Instant SEPA in the product
None of the above

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9/28/21, 10:23 AM 98811 - Oracle Banking Payments Solution Engineer Specialist Assessment

Test: 98811 - Oracle Banking Payments Solution

Engineer Specialist Assessment
Review your answers, feedback, and question scores below.

Oracle Banking Payments Solution Engineer Specialist Assessment

31. What does a plug-in standalone solution like Oracle Banking payments not address? (0/1) Points
Capability to mine customer data
Ease of integration with surround applications

Ability to scale payments transactions

Business strategy

 Incorrect

32. Disaggregating payments message generation from message delivery in Oracle Banking Payments (1/1) Points
allows banks to hyper-scale and expand into geographies
T

33. Analyzing channels data to understand customer interactions is a part of which pillar of analytics? (1/1) Points
Risk

Insight
Compliance management
Fraud & Crime management

34. Sanctions checking is a part of which sub-pillar of analytics in the payments landscape? (1/1) Points
Risk
Insight

Compliance management
Fraud & Crime management

35. Which statement best describes the use of REST APIs? (1/1) Points
REST APIs do not play any role in enabling co-creation
REST API framework is the only requirement for payments transformation to a co-creation model

REST APIs need to be offered on a unified payments hub model to truly enable co-creation
REST API is most useful to cohesive business service co-creation when offered with individual business
area services

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9/28/21, 10:24 AM 98811 - Oracle Banking Payments Solution Engineer Specialist Assessment

Test: 98811 - Oracle Banking Payments Solution

Engineer Specialist Assessment
Review your answers, feedback, and question scores below.

Oracle Banking Payments Solution Engineer Specialist Assessment

36. Oracle Banking Payments supports several payment types, but does not support this one (0/1) Points
Domestic low-value payments
Direct Debits

Book transfers

Credit card payments

 Incorrect

37. When processing multiple payment types through a single hub, which of the following is not an (1/1) Points
advantage of Oracle Banking Payments?
Common business rules

Common exception handling capability

Supports only one currency

Possibility to centralize operations

38. What are some of the trends from the retail payments space that are becoming increasingly relevant for (1/1) Points
corporates, and consequently become talking points in a prospect interaction? Select all that apply
Hyper-scale business models
Co-creation of products/ services
Intelligent processes

Purpose-driven insight

39. Which of these is not an indicator of robust functioning of payments with core business applications of (1/1) Points
a bank?
Ability to provide consistent services globally with local specific variations

Wide range of payments hub servicing capabilities for all functions of corporate & retail banking
Reduce revenue leakage through pervasive pricing
Clear definitions for interplay of product processors and payments hub

40. Which of the following does not feature in the Oracle Banking Payments functional architecture (Select (1/1) Points
all that apply)
Analytics layer
Processing layer? support for multiple payment types and sub-systems
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9/28/21, 10:24 AM 98811 - Oracle Banking Payments Solution Engineer Specialist Assessment

Output layer ? Message out and SWIFTNet connectivity

Input layer ? application user input, integration APIs and services, bulk input, message in and SWIFTNet
connectivity

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