Fintech and the Remaking of Financial Institutions

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, 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 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. The 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. After an introductory chapter, chapters 2-12 present a necessary background of economics and finance as well as selected Fintech companies that are active in specific markets. Chapters 13-17 then broaden the scope to discuss the financing of startups; FinTech activity in hubs outside of the United States; financial regulation; negative impacts of FinTech on some social issues; and finally, responses of the Big Financial Institutions to the FinTech disruption. FinTech and the Remaking of Financial Institutions, Second Edition is a valuable resource for students, researchers, and professionals alike who need to understand the latest emerging FinTech technologies, how they’re used in finance, how they are regulated, and the societal implications.