Global Fintech: Financial Innovation in the Connected World, edited by David L. Shrier and Alex Pentland,explores the transformative impact of technology on the financial services industry. This edited volume brings together leading academics, industry professionals, and former government officials to provide a comprehensive analysis of financial technology (fintech) on a global scale.
The book delves into the convergence of artificial intelligence (AI), big data, blockchain, and other emerging technologies that are disrupting traditional financial models and creating new opportunities for both consumers and businesses. (See Chapter 1: Fintech Foundations: Convergence, Blockchain, Big Data, and AI for a deeper dive).
Who Should Read This Book?
- Professionals in financial services (bankers, investors, regulators) seeking to understand the evolving fintech landscape and its impact on their businesses.
- Entrepreneurs and innovators interested in exploring fintech solutions to address financial challenges.
- Academics and researchers studying financial technology, innovation, and digital transformation in finance.
- Policymakers and government officials crafting regulations for fintech.
- Anyone interested in the future of finance and the role of technology in building a more inclusive and efficient financial system.
What You Will Learn:
- Gain a comprehensive understanding of key technological trends driving innovation in financial services,including AI, big data, blockchain, and open banking APIs (explored in Part 1: Foundations and Part 3: Open Banking). AI’s applications in fraud detection and algorithmic trading are specifically explored in Part 1.
- Explore the global landscape of fintech, examining opportunities and challenges in both developed and emerging markets (explored throughout the book, with a specific focus in Chapter 9: Leapfrogging with NextGen Fintechs and Emerging Tech for the Growth of Africa).
- Analyze the impact of fintech on various financial services, including payments, lending, wealth management,and insurance (explored throughout the book).
- Learn about the evolving regulatory landscape for fintech and the challenges of balancing innovation with financial stability (addressed in Part 5: Policy and Fintech).
- Consider the potential social and economic implications of fintech, including its impact on financial inclusion and access to financial services (explored in Part 4: Digital Financial Services).
- Explore case studies of successful fintech startups and established financial institutions leveraging technology to provide innovative solutions (examples are found throughout the book).
- Engage with diverse perspectives on the future of fintech, considering potential disruptions and opportunities for collaboration between traditional finance and technology companies (explored in Conclusion).
Table of Contents:
The book is structured into three parts, with additional chapters exploring specific aspects of fintech:
- Part I: Foundations (lays the groundwork for understanding key technologies)
- Chapter 1: Fintech Foundations: Convergence, Blockchain, Big Data, and AI
- Part II: Transitioning to the Digital Era (examines challenges and opportunities in adopting new technologies)
- Chapter 2: Edge Effects: Bridging from Old to New
- Chapter 3: Open Banking: How Platforms and the API Economy Change Competition in Financial Services
- Chapter 4: Digital Financial Services
- Part III: Policy and Fintech (discusses regulations and frameworks for responsible fintech development)
- Chapter 5: Policy and Fintech, Part I: Frameworks
- Chapter 6: Policy and Fintech, Part II: Use Cases
- Fintech Possibilities (additional chapters exploring specific applications and considerations)
- Chapter 7: Digital Banking Manifesto 2.0
- Chapter 8: Regulatory Sandboxes
- Chapter 9: Leapfrogging with NextGen Fintechs and Emerging Tech for the Growth of Africa
- Chapter 10: The Rise of RegTech and the Divergence of Compliance and Risk
- Chapter 11: On Governance and (Technical) Complexity
- Chapter 12: Responsible Technology: Advancing Trust and Securing the Ecosystem
- Conclusion (forward-looking perspective on the future of fintech)
By offering a comprehensive overview of the key trends, challenges, and opportunities in the global fintech landscape, Global Fintech: Financial Innovation in the Connected World serves as a valuable resource for anyone seeking to navigate the rapidly evolving world of finance.
Citation and Licensing
Shrier, D.L. & Pentland, A. (Eds.). (2022). Global fintech: Financial innovation in the connected world. MIT Press. https://direct.mit.edu/books/oa-edited-volume/5280/Global-FintechFinancial-Innovation-in-the. Open access under CC BY-NC-ND license. The license can be viewed here: Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License .
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