e-Finance

Digital finance is the latest hot topic as financial institutions grapple with the impact of e-commerce. Electronic trading, managing e-commerce risk, B2B exchanges, e-brokers, Alternative Trading Systems (ATS) are all bringing opportunities and challenges to the financial sector. eFinance examines all these areas and provides a readable, non-technical overview of this dynamic sector.
The book takes a look at the development of e-commerce business models, as well as the technology and the funding of digital finance. eFinance then moves on to explore the financial services that are available to both institutional and individual customers outlining the advantages and disadvantages of traditional and virtual banking and exploring potential areas of growth and future developments focusing on competition and market structures.
* Contains numerous industry examples that illustrate the expansion, failures, successes and future of digital finance, including Schwab, Fidelity, Citibank, London Stock Exchange/Deutsche Boerse, Egg/Prudential, Reuters, Yahoo Finance, VirginKapitalmärkte und Finanzinstitutionen haben mit dem zunehmenden Einfluss des E-Commerce auf ihr Geschäft zu kämpfen. E-Finance ist daher ein heiss diskutiertes und komplexes Thema - Elektronischer Handel, E-Commerce Riskmanagement, B2B-Geschäfte, E-Broker, Alternative Trading Systems (ATS), um nur einige Kernbereiche zu nennen. "e-Finance" untersucht die sich hieraus ergebenden neuen Chancen und Herausforderungen für den Finanzbereich und gibt einen leicht verständlichen Überblick über diesen dynamischen Sektor.
Dazu nimmt Autor Erik Banks die Kernelemente des elektronischen Handels genau unter die Lupe - die Entwicklung von E-Commerce Geschäftsmodellen, die Technologie und die Finanzierung der digitalen Finanzwelt. Er analysiert Finanzdienstleistungen, die man institutionellen - und Privatkunden weltweit anbieten kann und die damit verbundenen relativen Kosten. Darüber hinaus spricht er Vor- und Nachteile des traditionellen und virtuellen Banking (in all seinen Varianten) an und untersucht potentielle Wachstumsbereiche sowie mögliche künftige Entwicklungen (insbesondere im Hinblick auf Wettbewerbs- und Marktstrukturen). Zahlreiche Beispiele aus verschiedenen Ländern belegen Expansion, Fehlschläge, Erfolge und Zukunft der digitalen Finanzwelt sehr anschaulich: Schwab, Fidelity, Citibank, London Stock Exchange/Deutsche Börse/Ix, Eurex, E-Trade, Egg/Prudential, Reuters, Yahoo Finance, Virgin, Microsoft, Wingspanbank, usw. Verständlich und praxisnah. Acknowledgements.

The Arrival of e-Commerce.

The Evolution of Digital Finance.

Financing Digital Finance.

B2B e-Finance.

B2C e-Finance.

The Information of Business.

The Digital Future.

Appendix: The Digital Revolution.

Bibliography.

Index. Erik Banks is a Managing Director in Merrill Lynch's Corporate Risk Management group in New York, responsible for credit/market risk technology, data, analytics and policy; prior to assuming his current role he managed the firm's market risk and crdit risk teams in London, Tokyo and Hong Kong. Before joining Merrill Lynch in 1988 he worked at Citibank in New York. In addition to e-Finance, he is author of six other books on credit, risk, derivatives, emerging markets and merchant banking. He lives in Greenwich, Connecticut with his wife Milena - and their six dogs and two cats. This book is the first to address the securities, banking and insurance sectors very specifically. It discusses in detail the practical developments that have occurred since the mid-1990s, with a particular emphasis on both the retail and institutional sectors. e-Finance: The Electronic Revolution is the first comprehensive and practical attempt to chart the history, progress and future of B2B and B2C electronic financial services. It explains clearly and concisely how and why the world of retail and institutional finance has started a migration from conventional foundations to computerized, Internet-driven practices, and considers where such efforts will ultimately lead. Industry examples from different countries and markets are included throughout the book to illustrate the expansion, failures, successes, and future of electronic finance.
The book is aimed at a general financial audience and includes specific discussion about:
* the key elements that have made electronic commerce a reality, focusing on the creation and expansion of the Internet/advances in communications/computers (technology), the development of e-commerce business models (ideas), and the availability of venture capital/equity to fund growth (capital);
* the nature of the financial products, services and information that are available to institutional and individual customers around the world (along with their relative costs, benefits, and drawbacks);
* the advantages/disadvantages of traditional and virtual finance, potential areas of growth and consolidation, and the future path of the industry in a rapidly-changing environment (with a particular focus on competition and market structures).