Fintech and the Remaking of Financial Institutions, Second Edition explores the transformative potential of new entrants and innovations on business models. In its survey and analysis of Fintech, this 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 second edition expands and updates topics covered in the first edition, with particular emphasis on current and expected impact of AI; maturation of crypto and consequent regulatory issues; international developments; and the continued integration of technology advances in large financial institutions. This book shows how Fintech has evolved and will drive the future of financial services. It sheds new light on disruption, innovation, and opportunity by placing the financial technology revolution in larger contexts.
1. Chapter one. Introduction - p. 1 2. Chapter two. Disruption and disintermediation in financial products and services: why now? - p. 21 3. Chapter three. Money: a medium of exchange, unit of account, and store of wealth - p. 43 4. Chapter four. Financial institutions - p. 81 5. Chapter five. Bubbles, panics, crashes, and crises - p. 109 6. Chapter six. Bank lending - p. 155 7. Chapter seven. Time value of money: interest, bonds, and money market funds - p. 175 8. Chapter eight. Equities - p. 197 9. Chapter nine. Foreign exchange - p. 217 10. Chapter ten. Futures, forwards, and swaps - p. 231 11. Chapter eleven. Commodities - p. 247 12. Chapter twelve. Options - p. 261 13. Chapter thirteen. Startup financing - p. 277 14. Chapter Fourteen. Fintech in a global setting - p. 299 15. Chapter Fifteen. Fintech and government regulation: if it quacks like a bank - p. 317 16. Chapter sixteen. Social issues: energy consumption, race, and gender issues in hiring and promotion, unemployment, and income distribution - p. 359 17. Chapter seventeen. They are not dead yet: how big financial institutions will work with Fintech startups to define the market structure of the future - p. 381 18. Index - p. 405
Fintech and the Remaking of Financial Institutions, Second Edition explores the transformative potential of new entrants and innovations on business models. In its survey and analysis of Fintech, this 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 second edition expands and updates topics covered in the first edition, with particular emphasis on current and expected impact of AI; maturation of crypto and consequent regulatory issues; international developments; and the continued integration of technology advances in large financial institutions. This book shows how Fintech has evolved and will drive the future of financial services. It sheds new light on disruption, innovation, and opportunity by placing the financial technology revolution in larger contexts.
1. Chapter one. Introduction - p. 1 2. Chapter two. Disruption and disintermediation in financial products and services: why now? - p. 21 3. Chapter three. Money: a medium of exchange, unit of account, and store of wealth - p. 43 4. Chapter four. Financial institutions - p. 81 5. Chapter five. Bubbles, panics, crashes, and crises - p. 109 6. Chapter six. Bank lending - p. 155 7. Chapter seven. Time value of money: interest, bonds, and money market funds - p. 175 8. Chapter eight. Equities - p. 197 9. Chapter nine. Foreign exchange - p. 217 10. Chapter ten. Futures, forwards, and swaps - p. 231 11. Chapter eleven. Commodities - p. 247 12. Chapter twelve. Options - p. 261 13. Chapter thirteen. Startup financing - p. 277 14. Chapter Fourteen. Fintech in a global setting - p. 299 15. Chapter Fifteen. Fintech and government regulation: if it quacks like a bank - p. 317 16. Chapter sixteen. Social issues: energy consumption, race, and gender issues in hiring and promotion, unemployment, and income distribution - p. 359 17. Chapter seventeen. They are not dead yet: how big financial institutions will work with Fintech startups to define the market structure of the future - p. 381 18. Index - p. 405
