Financial Technology (FinTech)
Financial technology, or fintech, is a term used to describe technological advances and changes in the banking and finance industry. It involves new technology, such as smartphone applications, and innovations, like web-only banking and crowdsourcing, that allow people to keep track of their money in ways that differ from traditional banking. Financial technology companies are changing the banking industry by offering wider access to services and products that were once only exclusively available at traditional banks. The fintech revolution is driven by a wave of start-up companies with innovative business and revenue models, and a wider array of products and services than what can be offered at a traditional bank.
(Boone, L. (2016). Financial technology (fintech). Salem Press Encyclopedia)
The Future of Money
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A cutting-edge look at how accelerating financial change, from the end of cash to the rise of cryptocurrencies, will transform economies for better and worse.We think we've seen financial innovation. We bank from laptops and buy coffee with the wave of a phone. But these are minor miracles compared with the dizzying experiments now underway around the globe, as businesses and governments alike embrace the possibilities of new financial technologies. As Eswar Prasad explains, the world of finance is at the threshold of major disruption that will affect corporations, bankers, states, and indeed all of us. The transformation of money will fundamentally rewrite how ordinary people live.Above all, Prasad foresees the end of physical cash. The driving force won't be phones or credit cards but rather central banks, spurred by the emergence of cryptocurrencies to develop their own, more stable digital currencies. Meanwhile, cryptocurrencies themselves will evolve unpredictably as global corporations like Facebook and Amazon join the game. The changes will be accompanied by snowballing innovations that are reshaping finance and have already begun to revolutionize how we invest, trade, insure, and manage risk.Prasad shows how these and other changes will redefine the very concept of money, unbundling its traditional functions as a unit of account, medium of exchange, and store of value. The promise lies in greater efficiency and flexibility, increased sensitivity to the needs of diverse consumers, and improved market access for the unbanked. The risk is instability, lack of accountability, and erosion of privacy. A lucid, visionary work, The Future of Money shows how to maximize the best and guard against the worst of what is to come.
Banks and Fintech on Platform Economies
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Discover the future of the financial services industry with this insightful new resource on Contextual and Conscious Banking In Banks and Fintech on Platform Economies: Contextual and Conscious Banking, accomplished fintech professional and author Paolo Sironi delivers an insightful examination of how platform theory, born outside of financial services, will make its way inside banking and financial markets to radically transform the way firms do business. You'll learn why the financial services industry must master the necessary shift of focus from selling business outputs to selling client outcomes. You'll also discover how to steer the industry towards new forms of digital transformation underpinned by Contextual Banking and Conscious Banking platform strategies that will benefit stakeholders of all kinds. This important book: Describes the shift in mindset necessary to help banks strengthen and extend the reach of their Banking-as-a-Service and Banking-as-a-Platform operations. Shows how a renewed interpretation of fundamental uncertainty inspires the usage of exponential technologies to achieve architectural resilience, and open the reference theory to spring new business models centered on clients' and ecosystems' antifragility. Financial services industry can break-out from a narrow space of value-generation to reclaim top spot against bigtech contenders, enjoying greater flexibility and adaptability at lower digital costs Perfect for CEOs, business leaders, regulators, fintech entrepreneurs, wealth managers, behavioral finance researchers and professionals working at financial technology companies, Banks and Fintech on Platform Economieswill also earn a place in the libraries of bankers seeking a firm grasp of the rapidly evolving outcome economy and a view about the future of the industry.
The AI Book
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Written by prominent thought leaders in the global fintech space, The AI Book aggregates diverse expertise into a single, informative volume and explains what artifical intelligence really means and how it can be used across financial services today. Key industry developments are explained in detail, and critical insights from cutting-edge practitioners offer first-hand information and lessons learned. Coverage includes: · Understanding the AI Portfolio: from machine learning to chatbots, to natural language processing (NLP); a deep dive into the Machine Intelligence Landscape; essentials on core technologies, rethinking enterprise, rethinking industries, rethinking humans; quantum computing and next-generation AI · AI experimentation and embedded usage, and the change in business model, value proposition, organisation, customer and co-worker experiences in today's Financial Services Industry · The future state of financial services and capital markets - what's next for the real-world implementation of AITech? · The innovating customer - users are not waiting for the financial services industry to work out how AI can re-shape their sector, profitability and competitiveness · Boardroom issues created and magnified by AI trends, including conduct, regulation & oversight in an algo-driven world, cybersecurity, diversity & inclusion, data privacy, the 'unbundled corporation' & the future of work, social responsibility, sustainability, and the new leadership imperatives · Ethical considerations of deploying Al solutions and why explainable Al is so important
China's fintech explosion: disruption, innovation, and survival
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Sara Hsu and Jianjun Li explore the transformative potential of China's financial-technology industry, describing the risks and rewards for participants as well as the impact on consumers. Offering expert analysis of market potential, risks, and competition, as well as case studies of firms, China's Fintech Explosion is a must-read.
FinTech future: the digital DNA of finance
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Fintech is challenging banks and squeezing all our financial transactions onto a mobile screen! Should we be worried? We make payments via PayPal or Paytm, shop on Amazon or Flipkart, book accommodation on Airbnb or Oyo and call a cab using Uber or Ola apps. The big tech companies are taking care of all our finances virtually while new technologies such as artificial intelligence (AI), internet of things (IoT), blockchain, big data, 5G and quantum computing promise to raise a new storm in the future of finance. Fintech Future is the story of technology disrupting finance--from coin to bitcoin, banknote to cloud and stodgy old banks to AI--viewed from the perspective of whether it helps make the world a better place.
The PAYTECH Book
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The only globally-crowdsourced book on the future of payments ("PayTech"), offering comprehensive understanding of a rapidly evolving industry at the centre of global commerce The movement of money between individuals, organisations and governments is crucial to the world economy. The payments industry has undergone immense transformation - new regulations, technologies and consumer demands have prompted significant changes to the tools, products and use cases in payments, as well as presented lucrative opportunities for entrepreneurs and FinTech professionals. As payment technologies become faster and more efficient, companies and investors are increasingly favouring PayTech innovation due to better customer experience, increased revenues and manageable risks. The PAYTECH Book brings together a diverse collection of industry experts to provide entrepreneurs, financial services professionals and investors with the answers they need to capitalise on the highly profitable PayTech market. Written by leaders in the global FinTech and payment sectors, this informative volume explains key industry developments and presents valuable first-hand insights from prominent industry practitioners. Contributors include advisors and consultants to the payments and financial services industry, entrepreneurs and business owners utilising cutting-edge PayTech capabilities, academic researchers exploring the social-political-economic impact of PayTech and many others. Detailed chapters cover essential topics such as cybersecurity, regulation and compliance, wholesale payments and how payment systems currently work and how PayTech can improve them. This book: Defines PayTech and identifies its key players Discusses how PayTech can transform developed markets and accelerate growth in emerging economies Describes how PayTech fits into the larger FinTech ecosystem Explores the future of PayTech and its potential as an agent of social change and financial inclusion Provides diverse perspectives on investment in PayTech and what consolidation and expansion will look like The PAYTECH Book: The Payment Technology Handbook for Investors, Entrepreneurs and FinTech Visionaries is an indispensable source of information for FinTech investors and entrepreneurs, managers from payments companies and financial services firms and executives responsible for payments in government, corporations, public sector organisations, retailers and users of payments.
Inclusive Fintech: Blockchain, Cryptocurrency and ICO
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Cryptocurrency market has been growing fast since its emergence in recent years. Moreover, digital finance has forged the convergence of profit motives with social objectives creating a class of large FinTech companies. In addition, the underlying technology innovation may be applied to a wide range of industries, not limited to financial sector. Yet, few researches have been done to study these phenomena. Hence, it is the task of this book to shed light on the introduction and trends in FinTech, blockchain and token sales.Richly illustrated with original lecture slides taught by the authors, Inclusive FinTech: Blockchain, Cryptocurrency and ICO hopes to dispel the many misconceptions about blockchain and cryptocurrencies (especially bitcoin, Initial Crypto-Token Offering or ICO), as well as the idea that businesses can be sustainable without a social dimension going forward. With comprehensive coverage given to the FinTech scene in Asia, it is targeted at those who are searching for business opportunities. Most important of all, this book seeks to change the mindset of a whole new generation that is familiar with digital economy and yearns for a more just and equitable world.
Cryptocurrencies and the blockchain revolution Bitcoin and beyond
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In January 2009, a mysterious software developer, Satoshi Nakamoto, exchanged a specially designed code with another developer. The code was a digital currency that Nakamoto had proposed several months before in a paper titled "Bitcoin: A Peer-to-Peer Electronic Cash System." This was the first Bitcoin transaction. Since then, Bitcoin has become the face of a tech revolution in digital cryptocurrencies based on blockchain technology. Its success has sparked a tech revolution that could fundamentally change global economics. Author Brendan January delves into the world of coders, libertarians, criminals, financial regulators, and crypto-detectives to understand what digital cryptocurrencies have to offer, their limitations and potential pitfalls, security issues, and how they may affect government and financial regulations in the future.
Singapore : the fintech nation : relentless pursuit of excellence
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Singapore shines as a beacon of hope for people from all over the region to build their ventures in the domains of finance and technology. This book covers the liberalization of financial services, the establishment of regional hubs, and the embracement of FinTech innovation. The three pillars of Singapore as The FinTech Nation are the ecosystem, the regulators, and relentless individuals who have developed a playbook to establish synergy and achieved outsized outcomes in a short period.
This book aspires to bring together stories and journeys of founders along with the enablers of the ecosystem. It will show how access to capital, customers, the talent pool, and policy initiatives have led to success. It aims to inspire the next generation of founders to build their ventures to bring technology to the masses and improve the lives of billions.
Fintech
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Do you want to finally get a grip on Fintech today? ... or do you see everyone else making money with cryptocurrency ? Are you tempted to start learning finally see why Fintech matters? Do you feel ignorant, unclear what big data is, and why it can change your life?
Are you terrified of ending up old having wasted years not taking part in the data revolution right from the start?
If you stay ignorant of Fintech, you will be passed by.
Is this positive for you?
Fintech: Hacking, Blockchain, Big Data, Cryptocurrency gets you up to speed fast, including an exploration of the history and future of cryptocurrency. This is a book of knowledge and doesn't just tell you to try harder. Life rewards those who take matters into their own hands, and this book is where to start.
Fintech is full of real-life examples of how big data impacts people just like you. These examples are backed up countless data expert studies , all which will arm you with a knowledge primed for success with using Big Data immediately.
Easy-to-implement small changes and practical takeaways for immediate action.
What happens if you ignore cryptocurrency?
* Learn the history of cryptocurrency.
* Why should you care about becoming an expert in cryptocurrency?
* What could you achieve with tips in the right direction
* The consequences of ignoring cryptocurrency in your business
How will you learn to compete in this data-driven age?
* Identify the keys to mastering Fintech
* Which tools are used to win at this game
* Tricks for getting your feet on the ground today
* How to develop the competency you are lacking
What happens when you don't let life pass you by?
* Never wonder "what if" you could have made millions with cryptocurrency!
* Wake up every day with high energy and desire
* Inspire yourself and others to become experts at Fintech.
* Fulfill your destiny and start getting paid for this knowledge.
Find out how to let go of your lack of knowledge and take flight towards being a Hacking expert, period.
Create the business of your dreams around this Data Revolution.
Try Fintech: Hacking, Blockchain, Big Data, Cryptocurrency today by clicking the BUY NOW button at the top right of this page!
P.S. You'll be on your way to being part of the Fintech revolution within 24 hours .
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