The Future of Finance

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.

Auteur
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.

Texte du rabat

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.

Contenu
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...