The FINTECH Book: The Financial Technology Handbook for Investors, Entrepreneurs and Visionaries

ISBN-13: 9781119218876 / Angielski / Miękka / 2016 / 312 str.

Janos Barberis

Opis

A front-line industry insider's look at the financial technology explosion The FINTECH Book is your primary guide to the financial technology revolution, and the disruption, innovation and opportunity therein. Written by prominent thought leaders in the global fintech investment space, this book aggregates diverse industry expertise into a single informative volume to provide entrepreneurs, bankers and investors with the answers they need to capitalize on this lucrative market. Key industry developments are explained in detail, and critical insights from cutting-edge practitioners offer first-hand information and lessons learned. The financial technology sector is booming, and entrepreneurs, bankers, consultants, investors and asset managers are scrambling for more information: Who are the key players? What's driving the explosive growth? What are the risks? This book collates insights, knowledge and guidance from industry experts to provide the answers to these questions and more.

• Get up to speed on the latest industry developments
• Grasp the market dynamics of the 'fintech revolution'
• Realize the sector's potential and impact on related industries
• Gain expert insight on investment and entrepreneurial opportunities

The fintech market captured over US$14 billion in 2014, a three-fold increase from the previous year. New startups are popping up at an increasing pace, and large banks and insurance companies are being pushed toward increasing digital operations in order to survive. The financial technology sector is booming and The FINTECH Book is the first crowd-sourced book on the subject globally, making it an invaluable source of information for anybody working in or interested in this space.

Recenzje

"Fantastic project worth reading and sharing...the crowdsourced format makes it a strong instrument and resource for professionals and organisations worldwide" (Open Business Council, March 2016)""For the layman and the investor...there is plenty to learn from and dip in and out of" (Economia, May 2016)"...in summary, we have a handbook with an amazingly wide number of contributors, covering an extensive range of financial technology subjects, in the most absorbing and thought provoking way. It is amazing that this book has come to market at all, and our understanding of the future of our world is well served for the fact that it has done so." (BCS, July 2016)

Spis treści

Preface viii

About the Editors x

Acknowledgements xii

1. Introduction

Banking and the E–Book Moment 6

Why We re so Excited About FinTech 10

Current Trends in Financial Technology 13

2. FinTech Themes

Banks Need to Think Collaboration Rather Than Competition 20

Global Compliance is Key 22

Lending (Capital) in the 21st Century 25

The Next Big Innovation in FinTech Identity 28

Tech Giants Becoming Non–Bank Banks 31

Design is No Longer an Option User Experience (UX) in FinTech 34

3. FinTech Hubs

Nurturing New FinTech Communities 42

La (French) FinTech Connection 45

The Journey Towards an Integrated FinTech Ecosystem The Netherlands 48

Luxembourg, a Future FinTech Hub? 51

Vienna as the No. 1 FinTech Hub in Mobile Payments? 53

India s FinTech Ecosystem 56

Singapore, the FinTech Hub for Southeast Asia 58

4. Emerging Markets and Social Impact

FinTech The Not So Little Engine That Can 66

Why Am I Not Gonna Be Able to Enter a Bank? 69

The Rise of the Rest in FinTech 72

Smartphones, FinTech, and Education Helping the Unbanked Reach Financial Inclusion 75

The Social Impact of FinTech in Nigeria 78

India and the Pyramid of Opportunity 81

5. FinTech Solutions

Rewiring the Deal The Path Forward for B2B Supply Chains 88

Payments and Point of Sales (POS) Innovation 92

Predictive Algorithms Building Innovative Online Banking Solutions 95

Big Data is the Cornerstone of Regulatory Compliance Systems 100

FinTech Solutions in Complex Contracts Optimization 106

Behavioural Biometrics A New Era of Security 109

Ultra–Fast Text Analytics in Trading Strategies 112

Regulated Crowdfunding Ecosystems 117

Remittances International FX Payments at Low Cost 120

FinTech Solutions for Small Businesses 123

Payment Solutions Including Apple Pay 125

FinTech Solutions Benefiting other Sectors 128

FinTech Innovation for Wearables 131

6. Capital and Investment

Investment and Capital Back to Basics 138

Angel Investing Access to Smart Money to Fund the Best FinTech Companies 141

Crowdfunding and Marketplace (P2P) Lending Online Capital Marketplaces as New Asset Classes to Access Funding 144

The Digital Investment Space Spanning from Social Trading to Digital Private Banking A FinTech Sector Made for Disruption? 147

Leading the Way with an Investor–led Approach to Crowdfunding 149

My Robo Advisor was an iPod Applying the Lessons from Other Sectors to FinTech Disruption 152

Crowdsourced Alpha 155

To Crowdsource a Hedge Fund 160

Providing Capital and Beyond 162

7. Enterprise Innovation

Can Banks Innovate? 170

So, You Think the Innovation Lab is the Answer? 173

FinTechs and Banks Collaboration is Key 179

Partnerships Are the Key to Addressing Financial and Digital Exclusion 183

Corporate Venture Capital The New Power Broker in the FinTech Innovation Ecosystem 186

The Insurance Opportunity 190

8. More Success Stories

eToro Building the World s Largest Social Investment Network 196

Avoka An Overnight Success, 13 Years in the Making 198

Bankable Banking as a Service 201

The Next Chapter in Citi s Story of Innovation 203

FinTech Trends from the Frontline Building Collaborative Opportunities for Start–ups, Market Infrastructures, and Wholesale Banks 206

9. Crypto–currencies and Blockchains

FinTech + Digital Currency Convergence or Collision? 212

Blockchain and Crypto–currencies 217

10. The Future of FinTech

How Emerging Technologies Will Change Financial Services 226

The Future of Financial Services 229

Banking on Innovation Through Data 232

Why FinTech Banks Will Rule the World 235

The FinTech Supermarket The Bank is Dead, Long Live the Bank! 238

Banks Partnering with FinTech Start–ups to Create an Integrated Customer Experience 241

The Rise of BankTech The Beauty of a Hybrid Model for Banks 245

FinTech Impact on Retail Banking From a Universal Banking Model to Banking Verticalization 248

Embracing the Connected API Economy 253

Banking Like Water 258

Eliminating Friction in Customers Financial Lives 261

FinTech is the Future Itself 264

A Future Without Money 267

Ethics in FinTech? 270

List of Contributors 273

Index 291

O autorze

SUSANNE CHISHTI is the Founder and CEO of FINTECH Circle and the FINTECH Circle Institute, the leading peer–to–peer learning platform providing in–person and online courses across fintech enterprise innovation, wealthtech, insurtech, artificial intelligence and blockchain applications in finance, crypto–currencies and startup methodologies. As Co–Editor of the global Bestseller The FINTECH Book, she has been selected as a "City Innovator – Inspirational Woman" in 2016 after working for 14 years across Deutsche Bank, Lloyds Banking Group, Morgan Stanley Investment Management and Accenture in London and Hong Kong.

JANOS BARBERIS is a Millennial in FinTech, recognised as a top–35 global FinTech leader. He founded FinTech HK, a thought leadership platform, and the SuperCharger – a FinTech Accelerator that strategically leverages on Hong Kong as a gateway to Asia. In parallel, he sits on the advisory board of the World Economic Forum′s FinTech Committee and is a PhD Candidate at Hong Kong University Law School.

Blurb

THE FIRST GLOBALLY CROWDSOURCED BOOK ON FINTECH

The FinTech Book is the leading guide to the financial technology revolution including the disruption, innovation and lucrative opportunities. Created by two prominent thought leaders in FinTech and the associated investment space, this groundbreaking guide showcases the leading industry influencers in FinTech in a single, informative volume.

Entrepreneurs and investors will find this an invaluable resource to uncovering new opportunities and maximizing their ROI in this growing market. This inspiring book covers every major industry development in depth, complete with firsthand insights and lessons learned by practitioners at the cutting edge. This first comprehensive volume on the global state of FinTech gives you a distinct competitive advantage by:

• Illustrating the ins and outs of the industry with the leading figures at the centre of the action
• Detailing the unique market dynamics of the FinTech revolution
• Illuminating the diverse potential of the sector and the various ways it can impact related industries
• Showing you firsthand how other investors and entrepreneurs have risen to the top of this dynamic environment
• Explaining key themes such as API economy, behavioural biometrics, blockchain, digital currencies, financial inclusion, fintech hubs, mobile payments, predictive algorithms, and robo–advisors.

Whether you are responding to disruption or wanting to profit from innovation The FinTech Book is for you.