Banking Disruption

ISBN-13: 9786206165781 / Angielski / Miękka / 56 str.

Federico Giovanni Rega

Opis

Banks and financial institutions perform an essential function in a modern economy, linking together customers that have capital deficits and customers with capital surpluses. Nowadays, there is a creative destruction that incessantly revolutionizes the economic structure "from within, incessantly destroying the old one, incessantly creating a new one" - Joseph Schumpeter dixit. A decade after the financial crisis began in 2007, and after a massive and very costly clean-up and recapitalization, the global banking industry is passing through an even more disruptive stage. Exponential technologies are leading to a tectonic shift, offering enormous opportunities for building a much more efficient and productive financial system capable of efficiently driving global growth and well-being. This demands a profound transformation of the financial ecosystem.This essay aim at addressing these issues and phenomena, along with the regulatory and ethical challenges.

O autorze

Federico G. Rega is specialized in risk management and research activities for banks and financial institutions. Main areas of interests are banking, fintech, ESG finance and credit risk modeling. Formerly economist and blogger. In 2017, he also founded FinTutor, a research lab providing the first chatbot devoted to financial literacy in Italy.