Global Fintech: Financial Innovation in the Connected World

How the global financial services sector has been transformed by artificial intelligence, data science, and blockchain.
 
 

Artificial  intelligence, big data, blockchain, and other new technologies have  upended the global financial services sector, creating opportunities for  entrepreneurs and corporate innovators. Venture capitalists have helped  to fund this disruption, pouring nearly $500 billion into fintech over  the last five years. This book offers global perspectives on  technology-fueled transformations in financial services, with  contributions from a wide-ranging group of academics, industry  professionals, former government officials, and current government  advisors. They examine not only the struggles of rich countries to bring  the old analog world into the new digital one but also the  opportunities for developing countries to “leapfrog” directly into  digital.
 
The book offers accessible explanations of blockchain  and distributed ledger technology and explores big data analytics. It  considers, among other things, open banking, platform-based strategies  for banks, and digital financial services. Case studies imagine possible  future fintech-government interaction, emphasizing that legal and  regulatory frameworks can help to create trust in financial processes.  The contributors offer novel takes and unexpected insights that will be  of interest to fintech experts and nonexperts alike.