This book, written jointly by an engineer and artificial intelligence expert along with a lawyer and banker, is a glimpse on what the future of the financial services will look like and the impact it will have on society.

The first half of the book provides a detailed yet easy to understand educational and technical overview of FinTech, artificial intelligence and cryptocurrencies including the existing industry pain points and the new technological enablers.

The second half provides a practical, concise and engaging overview of their latest trends and their impact on the future of the financial services industry including numerous use cases and practical examples.

The book is a must read for any professional currently working in finance, any student studying the topic or anyone curious on how the future of finance will look like.

Autorentext
Henri Arslanian is the PwC FinTech & Crypto Leader for Asia, the Chairman of the FinTech Association of Hong Kong and an Adjunct Associate Professor at the University of Hong Kong where he teaches the first FinTech university course in Asia. A lawyer and banker by background, Henri is a TEDx speaker and a published author, and has delivered keynotes at some of the most prestigious conferences globally. Henri has been awarded many industry and academic awards over the years from being regularly named one of the Most Influential Individuals in FinTech in Asia to being awarded the Governor General of Canada Gold Medal for Academic Excellence.Henri was also recognized as one of the global LinkedIn Top Voices in Economy & Finance and is regularly featured in global media including Bloomberg, CNBC, CNN, The Wall Street Journal and the *Financial Times.*
Fabrice Fischer is the Founder and CEO of blu, an Artificial Intelligence advisory firm specializing in disruptive innovation within the Financial Services industry. He is also a co-founder of the Insead Angels Asia and a Director of the Asia Transformation & Turnaround Association. Fabrice has spent over 20 years in Financial Services and IT in Asia, Europe and North America. Over the past six years as CFO of Sentient Technologies, he oversaw a period rapid growth, which has led to the company being one of the world's best funded AI outfits. He was also instrumental in the launch of Sentient Investment Management, Sentient's hedge fund, anchored on artificial intelligence to continually evolve and optimize its investment strategies.                                                   

Klappentext

This book, written jointly by an engineer and artificial intelligence expert along with a lawyer and banker, is a glimpse on what the future of the financial services will look like and the impact it will have on society.

The first half of the book provides a detailed yet easy to understand educational and technical overview of FinTech, artificial intelligence and cryptocurrencies including the existing industry pain points and the new technological enablers.

The second half provides a practical, concise and engaging overview of their latest trends and their impact on the future of the financial services industry including numerous use cases and practical examples.

The book is a must read for any professional currently working in finance, any student studying the topic or anyone curious on how the future of finance will look like.

Inhalt
  Chapter 1 - The Digital Triumvirate of Computation, Data, and Connectivity  13

1.1 Increasing computational power 13

1.2 Increasing data collection and availability  16

1.3 Increasing digital connectivity  18

1.4 Bringing computation, connectivity and data together in the cloud  20

Chapter 2 - New Interfaces for the Digital World  22

2.1 The evolution of visual displays  23

2.2 Voice as a user interface  24

2.3 Wearables and the body as an interface  25

The Fundamentals of Fintech  27

Chapter 3 - The Rise of Fintech  28

3.1 Drivers of the fintech revolution  29

3.1.1 A changing economic/regulatory landscape  29

3.1.2 A rapidly evolving technology environment 29

3.1.3 Shifting customer expectations  30

3.2 Types of fintechs  31

3.2.1 Fintech and payments  31

3.2.2 Fintech and lending  36

3.2.3 Fintech and wealth management 38

3.2.4 Fintech and insurance  41

3.2.5 Fintech and digital banking  43

3.2.6 Regtech: A different sort of fintech innovation  45

3.3 Challenges faced by fintechs  49

3.3.1 Access to talent 49

3.3.2 Regulatory compliance  51

3.3.3 Customer trust 53

3.3.4 Scaling the customer base  53

3.3.5 Raising capital 55

Chapter 4 - Incumbent Financial Institutions and their Response to Fintechs  55

4.1 Impediments to incumbent innovation  56

4.2 Incumbents building/replicating fintech offerings  58

4.3 Incumbents investing in fintechs  61

4.4 Incumbents partnering with fintechs  62

Chapter 5 - The Emergence of Techfin  64

5.1 The case for tech to techfin  64

5.2 China as a template for the growth of techfin  65

5.2.1 Alibaba and Tencent's transformation of payments in China  65

5.2.2 Alibaba and Tencent's expansion beyond payments  66

5.2.3 Alibaba and Tencent's international expansion  67

5.3 Early techfin developments outside of China  68

Chapter 6 - The Changing Structure of the Financial Ecosystem   70

6.1 Incumbent collaboration with techfins  70

6.2 Fintech collaboration with techfins  71

Chapter 7 - Financial Innovation and Inclusion  72

7.1 Fintech as a driver of financial inclusion  72

7.2 Government as an enabler of inclusive fintech solutions  75

The Fundamentals of Crypto-assets  76

Chapter 8 - The Basics of Cryptography and Encryption  77

8.1 Early encryption  77

8.2 Asymmetric or public key cryptography  78

8.3 Early experiments with cryptocurrencies  79

Chapter 9 - The Rise of Bitcoin  80

9.1 The Bitcoin white paper 81

9.2 The technical foundations of Bitcoin  84

9.2.1 The role of cryptography in Bitcoin  84

9.2.2 The role of decentralization in Bitcoin  86

9.2.3 The role of immutability in Bitcoin  87

9.2.4 The role of proof-of-work in Bitcoin  87

9.3 The growth of Bitcoin  89

9.4 Challenges facing Bitcoin  93

Chapter 10 - Blockchain as an Enabling Technology  95

10.1 Defining the characteristics of a blockchain  96

10.2 Challenges  99

10.3 Use cases of blockchains  100

Chapter 11 - The Proliferation of Crypto-assets  103

11.1 The emergence of new crypto-assets  103

11.2 Mechanisms for distributing new crypto-assets  105 11.2.1 The creation of n...