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Salesforce Exam Financial Services Cloud Topic 1 Question 59 Discussion

Actual exam question for Salesforce's Financial Services Cloud exam
Question #: 59
Topic #: 1
[All Financial Services Cloud Questions]

During a project's design phase, a consultant must provide a Financial Services Cloud solution that can support Compliant Data Sharing (CDS). What are three things the consultant should consider regarding CDS?

Show Suggested Answer Hide Answer
Suggested Answer: A, C, D

Compliant Data Sharing (CDS) is a feature of Financial Services Cloud that allows granular control over access to sensitive data in Account and Opportunity objects. CDS can help financial services companies comply with regulations and policies that restrict data visibility based on user roles. Some considerations regarding CDS are:

Participant Roles provide another way to grant data access without overwriting sharing behavior from existing sharing features. Participant Roles are custom objects that define the possible roles for users who need access to Account or Opportunity records. For example, a Participant Role can be Advisor, Client, Specialist, or Decision Maker. Each Participant Role has an associated access level that determines what data fields the user can view or edit. For example, an Advisor can have full access to all fields, while a Client can have read-only access to some fields.

Compliance managers and Salesforce administrators can enable CDS for Account and Opportunity objects. CDS is not enabled by default in Financial Services Cloud. To enable CDS, compliance managers or administrators need to create an integration definition record for each object that they want to enable CDS for. An integration definition record specifies the object name, the field name that contains sensitive data (such as Notes), the field name that contains the record owner (such as OwnerId), and the field name that contains the record type (such as RecordTypeId).

Role Hierarchy---based sharing is disabled by default in CDS. Role Hierarchy is a feature of Salesforce that allows users to inherit access to records from their managers or peers in the role hierarchy. For example, if a user has access to an Account record, their manager also has access to that record by default. However, in CDS, role hierarchy---based sharing is disabled by default for Account and Opportunity objects. This means that users do not inherit access to records from their role hierarchy unless they are explicitly granted access through Participant Roles or other sharing features.

Contribute your Thoughts:

Jerilyn
2 months ago
I feel like the consultant should also consider the impact on reporting and analytics if they enable CDS. Gotta make sure the data aggregation still works as expected.
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Agreed. The consultant should carefully evaluate the security measures in place to protect sensitive data during sharing and storage.
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Macy
8 days ago
It's also crucial to assess the scalability of the solution to accommodate future growth and increased data sharing requirements.
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Meghann
13 days ago
Another important thing to consider is ensuring that the CDS solution complies with all relevant regulations and data privacy laws.
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Brinda
2 months ago
Yes, you're right. The consultant should definitely consider the impact on reporting and analytics.
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Lindsey
2 months ago
This question is testing our understanding of the Financial Services Cloud and Compliant Data Sharing. It's like they're trying to catch us out with those tricky answer options!
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Catalina
30 days ago
Implement secure data sharing protocols
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Gladys
1 months ago
Consider data encryption and access controls
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Cletus
1 months ago
Ensure that the solution meets all regulatory requirements
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Ena
2 months ago
E is just plain wrong. Role hierarchy sharing is definitely not enabled by default and can be turned off. I hope no one actually selects that option!
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Luisa
13 days ago
B is important too, configuring the Financial Account object and Account Lightning record page is crucial for tracking financial accounts.
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Earleen
14 days ago
B is important too, configuring the Financial Account object and Account Lightning record page is crucial for tracking financial accounts.
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Elfriede
16 days ago
C sounds like a valid point, Compliance managers and administrators can enable CDS for specific objects.
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Ma
17 days ago
C sounds like a valid point, Compliance managers and administrators can enable CDS for specific objects.
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Jovita
22 days ago
I think A is a good option, Participant Roles can provide data access without affecting existing sharing behavior.
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Kerry
1 months ago
I think A is a good option, Participant Roles can provide data access without affecting existing sharing behavior.
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Ashley
2 months ago
I agree, E is definitely incorrect. Role hierarchy sharing is not enabled by default.
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Vallie
2 months ago
I agree, E is definitely incorrect. Role hierarchy sharing is not enabled by default.
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Stephaine
3 months ago
Compliance managers and admins can enable CDS for Account and Opportunity objects.
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Josphine
3 months ago
D seems a bit concerning - if role hierarchy-based sharing is disabled by default, that could really impact the way we need to structure data access. I'd want to understand the implications of that.
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Marnie
2 months ago
E) In a standard Salesforce org, Role Hierarchy for Account and Opportunity objects is enabled by default and can't be turned off.
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Hubert
2 months ago
C) Compliance managers and Salesforce administrators can enable CDS for Account and Opportunity objects.
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Phuong
2 months ago
A) Participant Roles provide another way to grant data access without overwriting sharing behavior from existing sharing features.
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Sabine
3 months ago
I agree, it's important to grant data access without overwriting existing sharing behavior.
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Vincenza
3 months ago
Option C is interesting, but I'm not sure if compliance managers and Salesforce admins can enable CDS for all objects. I'd want to double-check the documentation on that.
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Johana
3 months ago
B seems like the most comprehensive solution to address the design requirements. Tracking financial accounts by category and displaying them on the Account record page is crucial for the financial services company.
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Domonique
2 months ago
B) A seems like the most comprehensive solution to address the design requirements. Tracking financial accounts by category and displaying them on the Account record page is crucial for the financial services company.
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Estrella
2 months ago
E) In a standard Salesforce org, Role Hierarchy for Account and Opportunity objects is enabled by default and can't be turned off.
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Nelida
2 months ago
B) A financial services company wants to track different categories of financial accounts in its org. Relationship managers must be able to see all of these financial accounts in one place on the customer's Account record page grouped by categories. Which three steps should an administrator take to configure the Financial Account object and the Account Lightning record page to meet the design?
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Haley
3 months ago
I think the consultant should consider Participant Roles for CDS.
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