Question 1

A banking client currently manages its onboarding process manually with paper forms. To optimize the process, the client wants to digitize and automate as much as possible. The bank wants its clients to manage the forms in a portal and leverage e-signatures for processing. Which three steps are needed to document this requirement following the discovery session?

Options :

A : Document the business process flows.

B : Design the solution using the Financial Services Cloud components.

C : Create a visual flow diagram.

D : Understand the journey!for the multiple personas involved in the process.

E : Determine the best e-sigTiature solution to use.

Answer: A,D

Question 2

Cumulus Bank has implemented Compliant Data Sharing in Financial Services Cloud. Which two things happen when an opportunity record that has opportunity participants with associated share table entries is set to Private?

Options :

A : The share table records are deleted.

B : Share table records need to be manually deleted.

C : All opportunity participant records are delete

D : The opportunity participant records are not deleted.

Answer: A,D

Question 3

When creating a Custom Summary Formula in a Report, what are the four valid Summary Types which you can select? (4 answers)

Options :

A : Average

B : Previous

C : Total

D : Min

E : Max

F : Sum

Answer: A,D

Question 4

A private equity company with only one administrator wants to upgrade Financial Services Cloud (FSC) from a Sales Cloud Unlimited Edition (UE) org. The company decided to install FSC greenfield on a new org to minimize the transfer of existing tech debt. In preparation for data migration, the administrator has been exporting backup files of the current org for a month. What should the administrator do as part of the preparation for the data migration process?

Options :

A : The administrator can ask the business manager on the investment bank team to review the file directly.

B : After running the backup data export manually for 2 weeks, the administrator can schedule this job to run weekly every Sunday to review the file on Mondays at the start of the week for data comparisons/analysis.

C : As a dry run, the administrator can test this process via a data export request from the primary sandbox to the existing Sales Cloud UE org.

D : To start, the administrator can run a daily backup data export for a week, then continue to run this job weekly until they are ready for data migration.

Answer: D

Question 5

Universal Containers uses a custom field on the account object to capture the account credit status. The salesteam wants to display the account credit status on opportunities.Which feature should a system administrator use to meet the requirements?

Options :

A : Look-up Field

B : Roll-up summary field

C : Workflow field update

D : Cross-object formula field

Answer: D

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