The global financial services industry has been completely transformed by artificial intelligence, big data, blockchain, and other new technologies, opening up new prospects for business owners and corporate innovators.
With investments in fintech totaling close to $500 billion over the previous five years, venture capitalists have contributed to funding this upheaval.
With contributions from a diverse group of academics, business people, former government officials, and current government advisors, this book offers global perspectives on technology-driven changes in financial services.
They look at both the opportunities for developing countries to "leapfrog" into the digital age as well as the struggles faced by wealthy nations to transition from the old analog to the new digital world.
The book explores big data analytics and provides comprehensible explanations of blockchain and distributed ledger technology. It takes into account, among other things, platform-based banking strategies, digital financial services, and open banking.
Case studies highlight the role that legal and regulatory frameworks can play in fostering trust in financial processes by imagining potential future fintech-government interactions.
