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Salesforce Financial Services Cloud Accredited Professional (AP-208) Exam - Topic 1 Question 8 Discussion

What are the challenges Financial Institutions face? (Select all that apply)
A) Regulatory compliance and B) Rising class of new competitors and D) Isolated data and outdated systems
C) Not enough data

Salesforce Financial Services Cloud Accredited Professional (AP-208) Exam - Topic 1 Question 8 Discussion

Actual exam question for Salesforce's Financial Services Cloud Accredited Professional (AP-208) exam
Question #: 8
Topic #: 1
[All Financial Services Cloud Accredited Professional (AP-208) Questions]

What are the challenges Financial Institutions face? (Select all that apply)

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Suggested Answer: A, B, D

by Ryan at Oct 15, 2022, 04:40 PM

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Maryann
7 months ago
Surprised to see "not enough data" listed, really?
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Lazaro
7 months ago
Outdated systems are definitely a problem, no doubt.
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Isabella
7 months ago
Not enough data? I think that's a stretch.
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Lauran
8 months ago
Totally agree, the competition is getting fierce!
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Natalie
8 months ago
Regulatory compliance is a huge headache for banks.
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Luann
8 months ago
Option D seems spot on! Isolated data and outdated systems were highlighted in our last lecture as significant hurdles for financial institutions.
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Alton
8 months ago
I feel like option C, "not enough data," might not be as relevant. Financial institutions usually have tons of data, right?
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Detra
8 months ago
I'm not entirely sure about option B, but I think new competitors are definitely a concern. We had a practice question on market competition last week.
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Zena
8 months ago
I remember we discussed regulatory compliance as a major challenge for banks, so I think option A is definitely one to select.
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Sherman
8 months ago
Okay, let me walk through this step-by-step. The segments have to be at least 15% of revenue/profits/assets, and they need to add up to 80% of total revenue. So if that's the case, then the statement is true. I feel good about this approach.
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Leanna
8 months ago
Reducing the planning window might be an option, but I'm not sure if that's the best solution here. I'll have to weigh the pros and cons.
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Cordelia
8 months ago
I'm a bit confused by this question. The Waterfall model is supposed to be more upfront with planning, but I'm not certain if that means risk management is concentrated around milestones. I'll have to guess on this one.
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Margart
8 months ago
Okay, let me see if I can break this down. The key here is that we need a way to aggregate logs from all the nodes in the cluster, right? Option D about the DaemonSet sounds like the right approach to me.
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