Fintech Interview Questions and Answers

Sales target is a specific goal set for a sales team or individual to achieve within a certain period of time.

• Sales target is usually set in terms of revenue, units sold, or new customers acquired.

• It helps to motivate sales teams and track their performance.

• Sales targets are often set based on historical data, market trends, and company objectives.

• Example: Achieving $1 million in sales revenue for the quarter.

Modules necessary for the system include user management, data storage, communication, reporting, and security.

• User management module for creating, updating, and deleting user accounts

• Data storage module for storing and retrieving data

• Communication module for sending and receiving messages between users or systems

• Reporting module for generating and viewing reports

• Security module for ensuring data protection and ac...read more

Components of the system refer to the different parts or elements that make up the overall system.

• Hardware components (e.g. servers, routers, switches)

• Software components (e.g. operating system, applications)

• Data components (e.g. databases, data storage)

• Network components (e.g. cables, routers, firewalls)

• User interface components (e.g. screens, buttons, menus)

An API definition outlines the functionalities, endpoints, parameters, and responses of an application programming interface.

• API definition includes endpoints, request methods, parameters, response formats, authentication methods, and error codes.

• It serves as a contract between the API provider and consumers, detailing how they can interact with the API.

• Example: GET /users - Retrieves a list of users from the data...read more

User roles define the specific responsibilities and permissions assigned to different users within a system.

• User roles determine what actions a user can perform within a system

• Roles are typically defined based on job function or level of access needed

• Examples of user roles include admin, manager, and regular user

Designing a system involves understanding requirements, creating a plan, selecting technologies, implementing, testing, and maintaining.

• Understand the requirements and goals of the system

• Create a detailed plan including timeline, budget, and resources

• Select appropriate technologies and tools based on requirements

• Implement the system following best practices and standards

• Test the system thoroughly to ensure functio...read more

Recursion is a programming technique where a function calls itself in order to solve a problem.

• Recursion involves breaking down a problem into smaller subproblems and solving them recursively.

• A base case is needed to stop the recursion and prevent infinite loops.

• Examples of recursive algorithms include factorial calculation and Fibonacci sequence generation.

Cost estimate for the Quarter and delivery involves analyzing project requirements, resources, timelines, and potential risks to provide an accurate financial projection.

• Analyze project scope, requirements, and deliverables to determine resource needs

• Consider labor costs, materials, equipment, and any other expenses required for the project

• Factor in potential risks and uncertainties that may impact the cost estima...read more