{"product_id":"global-fintech-isbn-9780262543668","title":"Global Fintech","description":"\u003cb\u003eHow the global financial services sector has been transformed by artificial intelligence, data science, and blockchain.\u003cbr\u003e \u003cbr\u003e \u003c\/b\u003e\u003cbr\u003e\u003cbr\u003eArtificial intelligence, big data, blockchain, and other new technologies have upended the global financial services sector, creating opportunities for entrepreneurs and corporate innovators. Venture capitalists have helped to fund this disruption, pouring nearly $500 billion into fintech over the last five years. This book offers global perspectives on technology-fueled transformations in financial services, with contributions from a wide-ranging group of academics, industry professionals, former government officials, and current government advisors. They examine not only the struggles of rich countries to bring the old analog world into the new digital one but also the opportunities for developing countries to “leapfrog” directly into digital.\u003cbr\u003e \u003cbr\u003eThe book offers accessible explanations of blockchain and distributed ledger technology and explores big data analytics. It considers, among other things, open banking, platform-based strategies for banks, and digital financial services. Case studies imagine possible future fintech-government interaction, emphasizing that legal and regulatory frameworks can help to create trust in financial processes. The contributors offer novel takes and unexpected insights that will be of interest to fintech experts and nonexperts alike.\u003cbr\u003e \u003cbr\u003e\u003cb\u003eContributors\u003c\/b\u003e\u003cbr\u003eAjay Bhalla, Michelle Chivunga, John D’Agostino, Mark Flood, Amias Moore Gerety, Oliver R. Goodenough, Thomas Hardjono, Sharmila Kassam, Boris Khentov, Alexander Lipton, Lev Menand, Pinar Ozcan, Alex Pentland, Matthew Reed, David L. Shrier, Markos Zachariadis\u003cbr\u003e \u003cbr\u003e Introduction 1\u003cbr\u003eI Foundations\u003cbr\u003e1 Fintech Foundations: Convergence, Blockchain, Big Data and AI 7\u003cbr\u003eDavid L. Shrier and Alex Pentland\u003cbr\u003eII Transitioning to the Digital Era\u003cbr\u003e2 Edge Effects: Bridging from Old to New 35\u003cbr\u003eBoris Khentov\u003cbr\u003e3 Open Banking: How Platforms and the API Economy Change Competition in Financial Services 57\u003cbr\u003eMarkos Zachariadis and Pinar Ozcan\u003cbr\u003e4 Digital Financial Services 73\u003cbr\u003eDavid L. Shrier\u003cbr\u003e5 Policy and Fintech, Part I: Frameworks 91\u003cbr\u003eOliver R. Goodenough, Mark Flood, Matthew Reed, David L. Shrier, Thomas Hardjono, and Alex Pentland\u003cbr\u003e6 Policy and Fintech, Part II: Use Cases 137\u003cbr\u003eOliver R. Goodenough, Mark Flood, Matthew Reed, David L. Shrier, Thomas Hardjono, and Alex Pentland\u003cbr\u003e7 Digital Banking Manifesto 2.0 173\u003cbr\u003eAlex Lipton, David L. Shrier, and Alex Pentland \u003cbr\u003eIII Fintech Possibilities \u003cbr\u003e8 Regulatory Sandboxes 203\u003cbr\u003e9 Leapfrogging with Nextgen Fintechs and Emerging Tech for the Growth of Africa 219\u003cbr\u003eMichelle Chivunga \u003cbr\u003e10 The Rise of Regtech and the Divergence of Compliance and Risk 251\u003cbr\u003eAmias Moore Gerety and Lev Menand\u003cbr\u003e11 On Governance and (Technical) Complexity 267\u003cbr\u003eJohn D'Agostino (with contributions from Sharmila Kassam)\u003cbr\u003e12 Responsible Technology: Advancing Trust and Securing the Ecosystem 283\u003cbr\u003eAjay Bhalla \u003cbr\u003eConclusion 293\u003cbr\u003eContributors 295\u003cbr\u003eIndex 299“A rare collection of expert essays... The editors have created a much-needed gazetteer to help both professionals and lay readers—an impressive achievement.”\u003cbr\u003e\u003cb\u003e—\u003ci\u003eCHOICE Connects\u003c\/i\u003e\u003c\/b\u003e\u003cb\u003eWinner of the Outstanding Academic Title Award, Choice, 2022.\u003c\/b\u003eDavid L. Shrier is a Professor of Practice (AI and Innovation) with Imperial College Business School. He is coeditor of \u003ci\u003eNew Solutions for Cybersecurity\u003c\/i\u003e (MIT Press). Alex “Sandy” Pentland directs the MIT-wide initiative MIT Connection Science. Called one of the “seven most powerful data scientists in the world” by \u003cu\u003eForbes\u003c\/u\u003e, he has cofounded more than a dozen companies and is the author of \u003ci\u003eSocial Physics\u003c\/i\u003e and coauthor of \u003ci\u003eBuilding the New Economy\u003c\/i\u003e (MIT Press).\u003cbr\u003e ","brand":"MIT Connection Science \u0026 Engineering","offers":[{"title":"Default Title","offer_id":46305508720869,"sku":"NP9780262543668","price":35.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780262543668.jpg?v=1767728197","url":"https:\/\/k12savings.com\/products\/global-fintech-isbn-9780262543668","provider":"K12savings","version":"1.0","type":"link"}