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.
Contributors
Ajay Bhalla, Michelle Chivunga, John D'Agostino, Mark Flood, Amias Moore
Gerety, Oliver R. Goodenough, Thomas Hardjono, Sharmila Kassam, Boris
Khentov, Alexander Lipton, Lev Menand, Pinar Ozcan, Alex Pentland,
Matthew Reed, David L. Shrier, Markos Zachariadis
