The FinTech book : the financial technology handbook for investors, entrepreneurs and visionaries
"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 European, UK and Hong Kong fintech...
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| Main Authors | , |
|---|---|
| Format | eBook Book |
| Language | English |
| Published |
Chichester
Wiley
2016
John Wiley & Sons, Incorporated Wiley-Blackwell |
| Edition | 1 |
| Subjects | |
| Online Access | Get full text |
| ISBN | 9781119218876 111921887X |
| DOI | 10.1002/9781119218906 |
Cover
Table of Contents:
- Remittances - International FX Payments at Low Cost -- "Digital Natives" and "Digital Immigrants" -- The Power of Remittances -- Millennial Outreach -- The Future of Banking -- FinTech Solutions for Small Businesses -- Payment Solutions Including Apple Pay -- The Payments Ecosystem -- Energizer Effects -- Privacy -- Merchant Adoption -- Consumer Adoption -- Potential for Data Analytics -- Industry Economics -- Summary -- FinTech Solutions Benefiting other Sectors -- FinTech Innovation for Wearables -- What is All the Fuss About? -- Wearables - A FinTech Solution? -- Everything You Always Wanted to Know About Wearables -- Endless Possibilities, but Within a Contactless Limit -- 6. Capital and Investment -- Investment and Capital - Back to Basics -- The Finance Ladder -- Venture Capital - The Basics -- B Rounds and Beyond -- Growth Capital -- Private Equity -- When to Go Public? -- Building an Investable Platform -- Beware of the Taxman -- Founder Shares -- Management Share Options -- Angel Investing - Access to "Smart Money" to Fund the Best FinTech Companies -- Crowdfunding and Marketplace (P2P) Lending - Online Capital Marketplaces as New Asset Classes to Access Funding -- Disclosure Paradigm as the Basis of Modern Global Capital Markets -- The Global Financial Crisis' Aftermath of Regulations, Penalties, and Loss of Trust -- Conduct Risk as a New Core Focus of Financial Regulation and Supervision -- Trust and Regulating Rapidly Evolving Online Capital Marketplaces -- Professional Education for Advancement of the Online Capital Marketplace Ecosystem -- The Digital Investment Space - Spanning from Social Trading to Digital Private Banking - A FinTech Sector Made for Disruption? -- Leading the Way with an Investor-led Approach to Crowdfunding -- My Robo Advisor was an iPod - Applying the Lessons from Other Sectors to FinTech Disruption
- "What is a robo advisor?" -- "Is robo technology truly disruptive?" -- "How do sustaining and disruptive innovation interact to shape the future of banking?" -- "What does this tell us about the fate of wealth management?" -- "Will banks be extinct or will they transform?" -- Crowdsourced Alpha -- The Need for New Data -- What is Crowdsourced Alpha? -- Example 1: Crowdsourced Earnings Estimates -- Example 2: Alpha Capture -- Example 3: Financial Bloggers -- To Crowdsource a Hedge Fund -- Providing Capital and Beyond -- The Great Digital Divide -- Large‐scale Revamping of Education and Training -- Growth Financing and Exit Opportunities -- 7. Enterprise Innovation -- Can Banks Innovate? -- Sponsors with Sway -- Engaged Stakeholders -- Confidence of Customer Buy‐in -- Business Case -- So, You Think the Innovation Lab is the Answer? -- Foundations -- People -- Methodology -- Resources -- Governance -- Innovation "Consumption" -- FinTechs and Banks - Collaboration is Key -- Collaborating Makes Sense for Both FinTechs and Banks -- Needs for a Collaboration -- Different Banks, Different Benefits -- Retail Banks -- Transaction or Specialized Banks (Including Challenger Banks) -- Into the Collaboration - Avoid Frictions -- Why Collaborate at All? -- Outlook -- Partnerships Are the Key to Addressing Financial and Digital Exclusion -- The Financial and Digital Inclusion Imperative -- About Us -- Our Digital Transformation -- Our Digital Future -- Collaborative Partnerships are the Key to Digital and Financial Inclusion -- The Opportunity to Work Together -- Corporate Venture Capital - The New Power Broker in the FinTech Innovation Ecosystem -- CVC and the Opportunity for the FinTech Ecosystem -- Accelerating Open Innovation in FinTech -- Setting up for Success -- FinTech CVC - Lessons to Live By -- The Insurance Opportunity -- Distribution -- Big Data
- New Entrants
- 5. FinTech Solutions -- Rewiring the Deal - The Path Forward for B2B Supply Chains -- Complex Commerce -- The Payment Problem -- A Broken System -- Dynamic Payments -- Payments and Point of Sales (POS) Innovation -- The Three Pillars of a Financial Transaction -- Customer -- Bank -- Merchants -- Building Blocks of the New Bank -- POS as the Preferred Touch-point -- Data -- B2B2C Automated Personalization SaaS for Merchants and Consumers -- Predictive Algorithms - Building Innovative Online Banking Solutions -- Background -- Private Customer Cash Flow Forecasts -- Research and Testing -- Thoughts on Business and Integration -- Applying Predictive Analytics to SMEs -- Conclusions -- Big Data is the Cornerstone of Regulatory Compliance Systems -- In Banks, Big Data Implementation Has Been too Slow -- Could "Internet Big Data" Have Been Directly Applied to Banks? -- How Can Real‐time and Consistent Data be Obtained from Big Data Technology? -- Big Data Technology is the Best Technology to Implement Compliance Systems -- Lack of Flexibility -- Enhance Traditional Approaches -- Successful Project Implementation -- Intermediate Components are Needed -- Use an Open System -- End‐to‐end Project Implementation -- FinTech Solutions in Complex Contracts Optimization -- Behavioural Biometrics - A New Era of Security -- A Complex Balancing Act -- Behavioural Biometrics -- Security and Usability -- Pragmatism and Perception -- Ultra-Fast Text Analytics in Trading Strategies -- Real‐time Impact -- The News Impact Triangle -- Automatic Text Analysis Fundamentals -- Entity Identification, Wordings, and Indicators -- Events and Investment Decisions -- Sentiments and Opinion Mining -- Applications for Automated Text Analysis -- Innovative Technologies in the Financial Market - a Critical View -- Regulated Crowd funding Ecosystems
- France's International Centre of Excellence in Science and Technology -- France's Entrepreneurial, Investment, and Tax Environments -- France's Regulatory Environment for Innovative Financial Services -- France's Strategic Business and Geographic Positioning -- France's FinTech Start‐ups Association -- The Journey Towards an Integrated FinTech Ecosystem - The Netherlands -- Netherlands in 2014 -- Seizing the Opportunity -- The First Step -- Early Choices -- Business Model -- Governmental Relations -- Execution Challenge -- International Relevance -- Luxembourg, a Future FinTech Hub? -- Vienna as the No. 1 FinTech Hub in Mobile Payments? -- Specific Starting Basis for Mobile Payments -- What Does this Mean for FinTech Start‐ups? -- Local FinTech‐related Venture Capital Environment -- Conclusion: Unlocking the Potential -- India's FinTech Ecosystem -- Innovation Areas -- A Collective Hub -- Singapore, the FinTech Hub for Southeast Asia -- Drivers of FinTech in Singapore -- Singapore's FinTech Ecosystem -- Success Stories -- Conclusion -- 4. Emerging Markets and Social Impact -- FinTech - The Not So Little Engine That Can -- Why Am I Not Gonna Be Able to Enter a Bank? -- Supply‐side Factors -- Demand Factors -- The Rise of the Rest in FinTech -- The Magic Cake -- What Goes Around Comes Around -- There is Something New Under the Sun -- What is Really Happening? -- Conclusion -- Smartphones, FinTech, and Education - Helping the Unbanked Reach Financial Inclusion -- Enhancing User Experience -- New Product Development -- Education: Power to the People through Financial Literacy -- The Road Ahead -- The Social Impact of FinTech in Nigeria -- Consumer Safety and Security -- Contributions to State Monetary Policies -- Support for Small Business and Entrepreneurs -- Business as Usual is a Thing of the Past -- India and the Pyramid of Opportunity
- Intro -- The FinTech Book -- Contents -- Preface -- About the Editors -- Acknowledgements -- 1. Introduction -- Banking and the E-Book Moment -- The Shifting Financial Landscape -- An Unfinished Revolution -- The Challenge to the Banks -- The Utilities Risk -- The Future for the Banking Sector -- Why We're so Excited About FinTech -- How Did it all Begin? -- More than a Fuss: What Does FinTech Bring? -- FinTech in the Developing World: Starting from Scratch -- Banks, Beware! -- Disrupted, Reimagined -- Current Trends in Financial Technology -- Regulation Supporting the FinTech Sector -- Wearables, Foreign Exchange (FX), Bitcoin, and Blockchain Trends -- 2. FinTech Themes -- Banks Need to Think Collaboration Rather Than Competition -- Global Compliance is Key -- FinTechs Must Understand Each Local Regulatory Stack! -- The United States: A Single Market with Complex, Multi-level Regulations -- Europe: Still Complex but with Some Harmonized Regulations -- Asia: Remains Very Fragmented -- Payment Services are Globally Regulated -- Local and Global Compliance - Make, Buy, or Partner? -- Lending (Capital) in the 21st Century -- Data and New Technologies are the Key to Unlocking Credit Globally -- Lowering Costs, Increasing Transaction Frequency -- Change is Coming, Past a Bank Near You -- The Next Big Innovation in FinTech - Identity -- If it Ain't Broke, Don't Fix it, Right? -- Social Login -- Twitter Digits -- Apple Touch ID -- Trulio -- Tech Giants Becoming Non-Bank Banks -- Design is No Longer an Option - User Experience (UX) in FinTech -- UX DESIGN = Big Bucks -- A Definition for UX -- UX and FinTech -- An Example: Password Fatigue -- Seven Guidelines -- Conclusion -- 3. FinTech Hubs -- Nurturing New FinTech Communities -- Lessons from a Leader -- Location, Location, Location -- La (French) FinTech Connection