Fintech and the Remaking of Financial Institutions
1st Edition
Description
FinTech and the Remaking of Financial Institutions explores the transformative potential of new entrants and innovations on business models. In its survey and analysis of FinTech, the book addresses current and future states of money and banking. It provides broad contexts for understanding financial services, products, technology, regulations and social considerations. The book shows how FinTech has evolved and will drive the future of financial services, while other FinTech books concentrate on particular solutions and adopt perspectives of individual users, companies and investors. It sheds new light on disruption, innovation and opportunity by placing the financial technology revolution in larger contexts.
Key Features
- Presents case studies that depict the problems, solutions and opportunities associated with FinTech
- Provides global coverage of FinTech ventures and regulatory guidelines
- Analyzes FinTech’s social aspects and its potential for spreading to new areas in banking
- Sheds new light on disruption, innovation and opportunity by placing the financial technology revolution in larger contexts
Readership
Upper-division undergraduates, graduate students, researchers, and professionals worldwide working in financial economics, innovation economics, and financial institutions and services
Table of Contents
1. Introduction
2. Disruption and Disintermediation in Financial Services and Products: Why Now?
3. Money: A Medium of Exchange, Unit of Account and Store of Wealth
4. Financial Institutions
5. Bubbles, Panics, Crashes, and Crises
6. Bank Lending
7. Time Value of Money: Interest, Bonds, Money Market Funds
8. Equities, Efficient Markets, Exchanges
9. Foreign Exchange
10. Forwards, Futures, and Swaps
11. Commodities
12. Options
13. Startup Financing
14. Fintech in a Global Setting
15. Fintech and Government Regulation
16. Social issues: Income Distribution, Diversity, and Inclusiveness
17. The Future Millennial Bank—Your Parents’ Bank Integrates With the Disrupters
Details
- No. of pages:
- 386
- Language:
- English
- Copyright:
- © Academic Press 2018
- Published:
- 19th May 2018
- Imprint:
- Academic Press
- eBook ISBN:
- 9780128134986
- Paperback ISBN:
- 9780128134979
About the Author
John Hill
John Hill is President and CEO of Derivatives Strategy Group. He previously served as Co-Head of Global Energy Futures at Merrill Lynch and at ABN AMRO bank and as President and CEO of Broadway Futures Group, a small independent broker. He was Senior Vice President of North American Sales for Intercontinental Exchange (ICE), one of the first electronic platforms and was a model to many more recent start-ups. During his tenure at ICE, the company grew from a small, Atlanta-headquartered private company to a public company with an IPO valued at $12 billion. It now owns and operates the NYSE, among other businesses. Mr. Hill was also Senior Vice President at ICAP, the largest interdealer broker, where his focus was developing electronic businesses and planning compliance with Dodd Frank regulations.
Affiliations and Expertise
President and CEO of Derivatives Strategy Group, Rye, NY, USA
Reviews
"John Hill sets out the landscape of the emerging world of disruptive financial services, drawing from recent examples to present a practical approach to learning about fintech in the first textbook on this topic. He connects a diverse set of topics in easy-to-digest chapters, setting these in the context of our existing financial ecology. The book is ideally suitable for advanced level undergraduate or masters students - for computer scientists in learning about financial services, and readers from economics and finance on how new computer platforms will transform their own industries." --Mark Perry, University of Michigan
"Fintech and the Remaking of Financial Institutions is a quality piece of work full of important information for those of us who want to explore Fintech and its future. This is a must-read primer for anyone considering Fintech." --Donghee Shin, Chung-Ang University
"There is no doubt that FinTech is one the key issues in the modern financial industry and FinTech and the Remaking of Financial Institutions by John Hill is an excellent book for anyone interested in the most recent technology developments in both banking sector and financial markets. This book covers not only the presentation of FinTech adoption in various types of financial services or institutions but also provides the analysis of its impact on the financial system and entire economy." --Adam Marszk, Politechnika Gdanska