Revolutionizing Financial Services and Markets Through Fintech and Blockchain

Revolutionizing Financial Services and Markets Through Fintech and Blockchain
Author: Kiran Mehta
Publisher: Business Science Reference
Total Pages: 0
Release: 2023
Genre: Banks and banking
ISBN: 9781668486245

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"The use of information and communication technology (ICT) in the business processes and operations of the financial services industry has undergone significant transformations during the last decade. Because of the growing number of customers who use mobile phones, laptops and the internet, the financial industry has begun to provide services based on ICT. Consequently, all types of financial services, such as stock trading and banking, are now accessible electronically or digitally over the internet. Most financial organisations have realised the importance of an IT department and identified cost-saving and efficiency-boosting solutions. Furthermore, improved financial services have enhanced client satisfaction and demand. Since the concept of blockchain was first conceived, the financial sector has been widely regarded as its primary use case. After Bitcoin's base notion in 2009, the idea became widely known. Because of its unique qualities, blockchain technology has the potential to benefit the financial sector greatly. Major stock exchanges are studying blockchain for its capacity to provide nearinstant settlements and automate compliance via smart contracts while providing improved security and transparency. Therefore, the current project's prime objective is to describe the application of blockchain technology to financial services and financial markets"--

Revolutionizing Financial Services and Markets Through FinTech and Blockchain

Revolutionizing Financial Services and Markets Through FinTech and Blockchain
Author: Mehta, Kiran
Publisher: IGI Global
Total Pages: 362
Release: 2023-07-20
Genre: Business & Economics
ISBN: 1668486261

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The financial services sector experiences millions of transactions representing billions of dollars every day, with security, transparency, and cost-efficiency being top priorities. Blockchain usage is increasing in the financial services sector; it is a breakthrough that has changed the global financial system, making it safer and more efficient. Revolutionizing Financial Services and Markets Through FinTech and Blockchain explores the application of blockchain technology within financial services and financial markets. Covering topics such as blockchain technology, e-finance applications, and financial product innovation, this book is ideal for academicians, investment institutions, asset management professionals, consultants, and more.

Financial Technology

Financial Technology
Author: Niels Pedersen
Publisher: Kogan Page Publishers
Total Pages: 273
Release: 2020-12-03
Genre: Business & Economics
ISBN: 1789665442

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With the continued success of fintech (financial technology) businesses around the world, financial services are becoming increasingly de-centralized, personalized, and automated. This new textbook strikes a balance between academic depth and commercial relevance in examining the advantages and challenges of these changes through the lens of various analytical frameworks. Financial Technology demystifies key technologies, such as blockchains, APIs, AI, machine learning, and cloud computing, in a clear and accessible style suitable for readers with no technological background. Real-world case studies from a variety of international organizations including Lloyds Bank, TransferWise, Generali, Starling and Stocktwits, bridge the gap between theory and practice and contextualize learning in terms of real businesses, from large incumbents to smaller start-ups. With coverage of robo-advisors, mobile-only banks, open banking and risk and regulation, this book also explores a range of analytical frameworks to critically examine new technologies and emerging business models. Financial Technology enables readers to understand the fintech movement in the context of recent financial history, examine the key drivers of change and form insights about the financial system in a forward-looking and global manner. Online resources include PowerPoint slides for lecturers and additional case studies.

The Palgrave Handbook of FinTech and Blockchain

The Palgrave Handbook of FinTech and Blockchain
Author: Maurizio Pompella
Publisher: Springer Nature
Total Pages: 540
Release: 2021-06-01
Genre: Business & Economics
ISBN: 3030664333

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Financial services technology and its effect on the field of finance and banking has been of major importance within the last few years. The spread of these so-called disruptive technologies, including Blockchain, has radically changed financial markets and transformed the operation of the industry as a whole. This is the first multidisciplinary handbook of FinTech and Blockchain covering finance, economics, and legal aspects globally. With comprehensive coverage of the current landscape of financial technology alongside a forward-looking approach, the chapters are devoted to the spread of structured finance, ICT, distributed ledger technology (DLT), cybersecurity, data protection, artificial intelligence, and cryptocurrencies. Given an unprecedented 2020, the contributions also address the consequences of the current emergency, and the pandemic stroke, which is revolutionizing social and economic paradigms and heavily affecting Fintech, Blockchain, and the banking sector as well, and would be of particular interest to finance academics and researchers alongside banking and financial services professionals.

Fintech and the Future of Finance

Fintech and the Future of Finance
Author: Erik Feyen
Publisher: World Bank Publications
Total Pages: 186
Release: 2023-04-03
Genre: Business & Economics
ISBN: 1464819157

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Fintech—the application of digital technology to financial services—is reshaping the future of finance. Digital technologies are revolutionizing payments, lending, investment, insurance, and other financial products and services—and the COVID-19 pandemic has accelerated this process. Digitalization of financial services and money is helping to bridge gaps in access to financial services for households and firms and is promoting economic development. Improved access to basic financial services translates into better firm productivity and growth for micro and small businesses, as well as higher incomes and resilience to improve the lives of the poor. Technology can lower transaction costs by overcoming geographical access barriers; increasing the speed, security, and transparency of transactions; and allowing for more tailored financial services that better serve consumers, including the poor. Women can especially benefit. Yet too many people and firms still lack access to essential financial services that could help them thrive. It is time for policy makers to embrace fintech opportunities and implement policies that enable and encourage safe financial innovation and adoption. Fintech and the Future of Finance: Market and Policy Implications explores the implications of fintech and the digital transformation of financial services for market outcomes, on the one hand, and regulation and supervision, on the other hand—and how these interact. The report, which provides a high-level perspective for senior policy makers, is accompanied by notes that focus on salient issues for a more technical audience. As the financial sector continues to transform itself, policy trade-offs will evolve, and regulators will need to ensure that market outcomes remain aligned with core policy objectives. Several policy implications emerge. 1. Manage risks, while fostering beneficial innovation and competition. 2. Broaden monitoring horizons and reassess regulatory perimeters. 3. Review regulatory, supervisory, and oversight frameworks. 4. Be mindful of evolving policy trade-offs as fintech adoption deepens. 5. Monitor market structure and conduct to maintain competition. 6. Modernize and open financial infrastructures. 7. Ensure public money remains fit for the digital world. 8. Pursue strong cross-border coordination and sharing of information and best practices.

FinTech as a Disruptive Technology for Financial Institutions

FinTech as a Disruptive Technology for Financial Institutions
Author: Rafay, Abdul
Publisher: IGI Global
Total Pages: 302
Release: 2019-01-18
Genre: Business & Economics
ISBN: 1522578064

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Financial institutions are tasked with keeping businesses of all sizes financially sounds while also providing accessible banking options to everyday individuals. Fintech, or financial technology, is an emerging disruptive technology in financial transaction that will change banking behavior for stakeholders and enable better traceability of funds against specific assets. FinTech as a Disruptive Technology for Financial Institutions is an essential reference source that discusses applications of FinTech in financial institutions in small, medium, and large businesses and through cultural and religious filters. Featuring research on topics such as machine learning, market development, crypto-currency, financial security, blockchain, and financial technology, this book is ideally designed for bankers, business managers, economists, computer scientists, academicians, researchers, financial professionals, and students.

Fintech with Artificial Intelligence, Big Data, and Blockchain

Fintech with Artificial Intelligence, Big Data, and Blockchain
Author: Paul Moon Sub Choi
Publisher: Springer Nature
Total Pages: 306
Release: 2021-03-08
Genre: Technology & Engineering
ISBN: 9813361379

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This book introduces readers to recent advancements in financial technologies. The contents cover some of the state-of-the-art fields in financial technology, practice, and research associated with artificial intelligence, big data, and blockchain—all of which are transforming the nature of how products and services are designed and delivered, making less adaptable institutions fast become obsolete. The book provides the fundamental framework, research insights, and empirical evidence in the efficacy of these new technologies, employing practical and academic approaches to help professionals and academics reach innovative solutions and grow competitive strengths.

Financial Services Technology

Financial Services Technology
Author: Randall E. Duran
Publisher:
Total Pages: 608
Release: 2017-12-18
Genre: Banks and banking
ISBN: 9789814780865

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Financial Services Technology, Second Edition explains how banks and financial institutions use technology and explores how fintech companies are revolutionizing the financial services industry. It examines innovation areas and emerging technologies, including digital currencies, blockchain, artificial intelligence, and mobile payments. Key concepts related to cybersecurity, operational risk, and regulation are reviewed in the context of how they impact financial institutions and fintech companies. This book will serve as a valuable reference for industry professionals and as a learning guide for students and newcomers to the industry.

Revolutionizing the Global Stock Market: Harnessing Blockchain for Enhanced Adaptability

Revolutionizing the Global Stock Market: Harnessing Blockchain for Enhanced Adaptability
Author: Geada, Nuno
Publisher: IGI Global
Total Pages: 307
Release: 2024-04-15
Genre: Business & Economics
ISBN:

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In the aftermath of the profound fiscal crisis of 2008, the very foundation of the global financial system came under intense scrutiny. The ensuing crash laid bare systemic vulnerabilities and underscored the urgent need for alternative solutions capable of fostering a more transparent and resilient model. This period of economic turbulence exposed critical flaws in the existing global financial infrastructure, prompting a search for innovations that could instill accountability, security, and transparency. It is against this backdrop of financial upheaval that Revolutionizing the Global Stock Market: Harnessing Blockchain for Enhanced Adaptability explores the solutions poised to redefine the dynamics of the stock market. Revolutionizing the Global Stock Market: Harnessing Blockchain for Enhanced Adaptability strategically addresses the objectives crucial for navigating the complexities of the contemporary business landscape. The focus extends beyond survival to thriving, emphasizing the persistence of big-picture perspectives, adaptability to new productivity approaches, and the importance of clear and consistent communication. These objectives also encompass facilitating avenues for employee feedback, fostering continuous improvement, and constructing business continuity plans with inherent elasticity. By offering both a theoretical and practical foundation, the book aims to be an indispensable resource for organizations, managers, and scholars navigating the potential of blockchain technology in the context of the global stock market.

Disruptive Technology in Banking and Finance

Disruptive Technology in Banking and Finance
Author: Timothy King
Publisher: Springer Nature
Total Pages: 338
Release: 2021-10-31
Genre: Business & Economics
ISBN: 3030818357

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This book exemplifies the potential of FinTech to deliver important economic and societal gains, such as enhancing competition and financial inclusion to deliver tailored financial products and services at more affordable prices and at greater convenience. The emergence of FinTech directly challenges the business models of incumbent financial intermediaries like banks, which are adapting by developing their own FinTech offerings and partnering with FinTech and large technology firms. FinTech also constitutes both known and unknown risks to financial stability and challenges regulators to evaluate whether existing regulations are sufficient. The emergence of FinTech as a global phenomenon requires insightful cross-country analysis and different perspectives to evaluate its development and associated opportunities and challenges. This book will be of interest to practitioners, regulators and students of this essential enabling technology that is a major component of the Fourth Industrial Revolution.