Disrupting Finance: FinTech and Strategy in the 21st Century

Description

This open access Pivot demonstrates how a variety of technologies act as innovation catalysts within the banking and financial services sector. Traditional banks and financial services are under increasing competition from global IT companies such as Google, Apple, Amazon and PayPal whilst facing pressure from investors to reduce costs, increase agility and improve customer retention. Technologies such as blockchain, cloud computing, mobile technologies, big data analytics and social media therefore have perhaps more potential in this industry and area of business than any other. This book defines a fintech ecosystem for the 21st century, providing a state-of-the art review of current literature, suggesting avenues for new research and offering perspectives from business, technology and industry. Front Matter ....Pages i-xxv Deciphering Crowdfunding (Francesca Di Pietro)....Pages 1-14 Addressing Information Asymmetries in Online Peer-to-Peer Lending (Mark Cummins, Theo Lynn, Ciarán Mac an Bhaird, Pierangelo Rosati)....Pages 15-31 Machine Learning and AI for Risk Management (Saqib Aziz, Michael Dowling)....Pages 33-50 What FinTech Can Learn from High-Frequency Trading: Economic Consequences, Open Issues and Future of Corporate Disclosure (Eleonora Monaco)....Pages 51-70 InsurTech (Dominic Cortis, Jeremy Debattista, Johann Debono, Mark Farrell)....Pages 71-84 Understanding RegTech for Digital Regulatory Compliance (Tom Butler, Leona O’Brien)....Pages 85-102 Payment Service Directive II and Its Implications (Alan Brener)....Pages 103-119 From Transactions to Interactions: Social Considerations for Digital Money (Jennifer Ferreira, Mark Perry)....Pages 121-133 Token-Based Business Models (Paolo Tasca)....Pages 135-148 Blockchain Beyond Cryptocurrencies (Pierangelo Rosati, Tilen Čuk)....Pages 149-170 Back Matter ....Pages 171-175