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Financial Technology and the Law: Combating Financial Crime (Law, Governance and Technology Series #47)
by Doron Goldbarsht Louis De KokerBlockchains and cryptocurrencies, open banking, virtual assets, and artificial intelligence have become the buzzword of this decade. This book focuses on these ‘disruptive’ financial technologies that provide alternatives to the traditional financial services typically offered by regulated financial institutions. Financial technologies are characterized by the innovative ways in which they initiate, support or extend traditional financial services or offer alternative financial pathways and products. However, these financial technologies also pose money laundering and terrorist and proliferation financing as well as cyber security risks that require mitigation. This edited volume addresses a range of regulatory and enforcement challenges related to financial technology and financial crime. The book responds to the United Nations’ Sustainable Development Goals, in particular in relation to economic development, employment, national security, law enforcement and social well-being. Fostering responsible financial innovation promotes long-term economic growth, inclusion, and improved living standards. This book explores how to promote financial innovation while mitigating risks in a way that ensures financial prosperity and social inclusion.
Financial Vulnerability in Canada: The Embedded Experience of Households
by Jerry Buckland Brenda Spotton VisanoThis book examines financial vulnerability: a state in which a person or household cannot absorb any substantial spending or negative income shock without substantial financial and ultimately broader harm such as job loss, emotional harm, or mental illness. The focus of the book is on the experiences of low- income and modest income Canadian families – families which, by virtue of being in the lower income brackets, are particularly at risk of experiencing financial hardship. Looking at vulnerability from a conceptual and empirical lens, this book offers a framework to better understand the complex and interdependent ways in which financial vulnerability emerge and can be addressed. By locating its analysis of individual and household financial management in wider community, cultural, and economic contexts, this book seeks to offer holistic policy recommendations to reduce financial vulnerability, with implications that go beyond Canada and to other developed countries.
Financial Wellness and How to Find It
by Melanie Eusebe'Fascinating' Stylist magazine'A powerful reminder that we cannot discuss 'wellness' without also talking about the elephant in the room: money. This book isn't just about getting reconnected with a helpful app or spreadsheet but something much more important than that: it will inspire you to reconnect with yourself.' Emma GannonFinancial Wellness and How to Find It takes finance out of the business pages and into our personal lives. It tells us that the way we think about money has a lot to do with the way we think about ourselves, and the stories we believe about what we deserve.When you feel bad about money, it's hard to feel good about life. We focus on health and wellness as essential for happiness, but so often we choose to bury our heads in the sand when it comes to taking positive action over our finances. Financial wellness doesn't mean being rich, having a portfolio of stocks and shares, or being #debtfree. It's about understanding your emotions around money, knowing who you can turn to for support and being aware of your subconscious beliefs about self-worth.Melanie Eusebe, founder of Money Moves, shares the tools and resources you need to reset your relationship with money, and take charge of your financial happiness, whatever your situation, and regardless of the economy.Financial Wellness and How to Find It is empowering and essential reading for anyone who ever earned a paycheque (and spent it).
Financial Wellness and How to Find It
by Melanie Eusebe'Fascinating' Stylist magazine'A powerful reminder that we cannot discuss 'wellness' without also talking about the elephant in the room: money. This book isn't just about getting reconnected with a helpful app or spreadsheet but something much more important than that: it will inspire you to reconnect with yourself.' Emma GannonFinancial Wellness and How to Find It takes finance out of the business pages and into our personal lives. It tells us that the way we think about money has a lot to do with the way we think about ourselves, and the stories we believe about what we deserve.When you feel bad about money, it's hard to feel good about life. We focus on health and wellness as essential for happiness, but so often we choose to bury our heads in the sand when it comes to taking positive action over our finances. Financial wellness doesn't mean being rich, having a portfolio of stocks and shares, or being #debtfree. It's about understanding your emotions around money, knowing who you can turn to for support and being aware of your subconscious beliefs about self-worth.Melanie Eusebe, founder of Money Moves, shares the tools and resources you need to reset your relationship with money, and take charge of your financial happiness, whatever your situation, and regardless of the economy.Financial Wellness and How to Find It is empowering and essential reading for anyone who ever earned a paycheque (and spent it).
Financialisation in Emerging Economies: Changes in Central Banking (Routledge Critical Studies in Finance and Stability)
by Juan Pablo PainceiraSince the beginning of the 2000s, emerging market economies, or middle-income countries, have embarked on major changes in their domestic financial systems. These changes – in which central banks have been key players – are shaped by the process of financialisation, which can generally be characterised by the dominance of financial considerations in the conduct of major agents (banks, non-financial corporations and households). As a consequence of the emerging markets crisis at the end of the 1990s, a new phenomenon in global financial markets emerged: a massive accumulation of foreign reserves in emerging economies. This has had important consequences for the global economy in which developed economies are the major beneficiaries. Based on Marxist political economy, this book studies the trends towards financialisation in emerging economies, focusing on the effects of the reserve accumulation in their international and domestic spheres. It argues that reserve accumulation has been the very catalyst of financialisation, being related to the subordinated position of emerging economies in the international monetary system. The chapters explore how these trends were exacerbated by the 2008 global financial crisis as well as the extraordinary monetary measures undertaken by the major central banks to deal with the effects of this. Foreign investors invested an enormous amount into emerging economies between 2010 and 2012 and emerging-market financial assets have doubled since 2008. To conclude, the book discusses how the US monetary policy normalisation has added more complexity to these trends since 2013 by putting pressure on emerging markets related to the level of global liquidity. This book provides essential reading for students and scholars of finance, economics and political economy who are interested in the unfolding of the subordinated financial integration of emerging economies into global financial markets.
Financialisation in the Automotive Industry: Capital and Labour in Contemporary Society (Routledge Frontiers of Political Economy)
by Marcelo José do Carmo Mário Sacomano Neto Julio Cesar DonadoneWhere presidents or members of affluent families were previously seen, it is increasingly the case that car manufacturers are owned by banks and investment funds which have taken control of the entire economic life of these firms. This has significant impact on the terms of employment and layoffs, wages and precarious work, growing inequalities in income strata, compensation levels for executives, and the implementation of short-termist strategies across business operations. This book explores this increasing financialization – the predominance of the financial sector over the productive sector – in the automotive industry. In particular it is shown that the financial operations of these companies through leasing, insurance, loans, and other financial instruments is now much more profitable than the manufacturing aspects of the business, which was originally the raison d’être for these firms. The chapters demonstrate how there are great demands to increase the return to shareholders as a main concern, despite other metrics and/or other stakeholders. The work studies the impact of financialization at the world’s five largest automakers which together represent almost 50% of car production, providing an exploratory analysis of profitability, shareholder composition, compensation to executives, workers' salaries, dividend payments to shareholders, and employment. Encouraging debate on contemporary economy, this book marks a significant addition to the literature on financialization, contemporary forms of capitalism, labour and economic sociology more broadly.
Financialization, Financial Literacy, and Social Education (Routledge International Studies in Money and Banking)
by Thomas A. LuceyThe objective of this book is to prompt a re-examination of financial literacy, its social foundations, and its relationship to citizenship education. The collection includes topics that concern indigenous people’s perspectives, critical race theory, and transdisciplinary perspectives, which invite a dialogue about the ideologies that drive traditional and critical perspectives. This volume offers readers opportunities to learn about different views of financial literacy from a variety of sociological, historical and cultural perspectives. The reader may perceive financial literacy as representing a multifaceted concept best interpreted through a non-segregated lens. The volume includes chapters that describe groundings for revising standards, provide innovative teaching concepts, and offer unique sociological and historical perspectives. This book contains 13 chapters, with each one speaking to a distinctive topic that, taken as a whole, offers a well-rounded vision of financial literacy to benefit social education, its research, and teaching. Each chapter provides a response from an alternative view, and the reader can also access an eResource featuring the authors’ rejoinders. It therefore offers contrasting visions about the nature and purpose of financial education. These dissimilar perspectives offer an opportunity for examining different social ideologies that may guide approaches to financial literacy and citizenship, along with the philosophies and principles that shape them. The principles that teach and inform about financial literacy defines the premises for base personal and community responsibility. The work invites researchers and practitioners to reconsider financial literacy/financial education and its social foundations. The book will appeal to a range of students, academics and researchers across a number of disciplines, including economics, personal finance/personal economics, business ethics, citizenship, moral education, consumer education, and spiritual education.
The Financialization of Latin American Real Estate Markets: New Frontiers
by Alfonso Valenzuela AguileraThe Financialization of Latin American Real Estate Markets: New Frontiers introduces the fundamental principles of urban economics, housing, and large-scale real estate development in Latin America and equips aspiring investors and developers with the foundations for success in a unique, dynamic region. Using case studies from the Americas, this textbook provides a framework for assessing the economic, technological, social, and political forces that shape urban space, helping readers understand the aims and risks of real estate investment. Chapters on economic theory, novel financial instruments, and the regulatory environment connect real-world practice to the latest scholarly conversations in urban planning, real estate finance and development, and regional studies. Informed by the author’s extensive experience as an academic and practitioner throughout the region, this distinctive resource sheds light on the relationship between financial capital and urban form, and places Latin American cities at the center of the urban economy debate. Features: Provides a thorough introduction to the mechanics of real estate markets, grounding spatial and economic theories with practical examples of the tools used to finance urban development in Latin America Centers around case studies from Mexico, Brazil, Chile, Panama, Argentina, and Colombia—some of the region’s most dynamic markets Presents financial instruments such as mortgage-backed securities, collateralized debt obligations, credit default swaps, and real estate investment trusts in a global context Examines State policies and programs for housing and infrastructure in Latin America, demonstrating regional patterns and new perspectives Covers real estate finance from housing to megaprojects, exploring recent trends in infrastructure, commercial centers, and tourism with an eye toward sustainable financing practices for the future Suitable for graduate and upper-level undergraduate students of real estate, urban planning, and Latin American studies, The Financialization of Latin American Real Estate Markets: New Frontiers also serves as essential reading for professionals in international real estate finance and development.
Financialization of the Economy, Business, and Household Inequality in the United States: A Historical–Institutional Balance-Sheet Approach (Routledge Frontiers of Political Economy)
by Kurt Mettenheim Olivier ButzbachThis second volume on the political and social economy of financialization in the US focuses on the consequences of the rise of finance for the American macroeconomy, household inequality, and the management of nonfinancial business enterprises. A historical–institutional balance-sheet approach to long-term trends and recent change in the US reveals a series of anomalies and provisos for critical, heterodox, and mainstream economic approaches and provides new perspectives on debates about political economic change in advanced economies since the 2007–2008 financial crisis. This book marks a significant contribution to the literature on financialization and studies in social economics, household economics, the structure and management of nonfinancial business enterprises, and American political economy.
Financing Investment in Disaster Risk Reduction and Climate Change Adaptation: Asian Perspectives (Disaster Risk Reduction)
by Mikio Ishiwatari Daisuke SasakiAs the population is growing and urbanization is progressing, higher numbers of people are exposed to disaster risks, especially in the developing countries. Climate change is further worsening the impacts of existing risks and introducing new ones. It is imperative that countries need to invest more in disaster risk reduction (DRR) as well as climate change adaptation (CCA) not only to minimize their impacts but also to build resilience.To date, various international arenas have recommended increasing investment in DRR. The Sendai Framework for DRR, adopted by the UN member states in 2015 during the Third UN World Conference on DRR, emphasizes investment as a priority for decreasing disaster risks and losses. The Yangon Declaration set the goal of doubling investment to address water-related disasters. However, most countries are not able to proactively invest enough in DRR. Understanding the current scale and estimate of investment and its effects is crucial for promoting DRR investment, but such information and estimates are rarely available.This book examines the current investment trends and issues in DRR and CCA. Based on specific case studies, field data and evidence, the book identifies challenges in increasing investment and recommends various investment policies and innovative approaches to sustainable progress towards a resilient future.Chapter 12 is available open access under a Creative Commons Attribution 4.0 International License via link.springer.com.
Financing Nature-Based Solutions: Exploring Public, Private, and Blended Finance Models and Case Studies (Palgrave Studies in Impact Finance)
by Robert C. BrearsThis book presents new research on innovative financial instruments and approaches available to implement nature-based solutions (NBS) at various scales and in different contexts. Despite knowledge of the multiple benefits NBS provide, a key barrier to their wide-spread adoption is a lack of knowledge over their financing, in particular, who should pay for an NBS and how it can be financed. The book explores a variety of public, private, and blended finance models and their applicability in developing NBS across terrestrial and marine ecosystems, involving multiple stakeholders, and in jurisdictions of varying climates and income levels. Furthermore, the book provides case studies of the innovative financing of NBS with best practices identified. This book is of interest to environmental planners, resource conservation managers, policymakers, international companies and organizations, environmental NGOs, researchers, and graduate and undergraduate students interested in NBS.
Financing Startups: Understanding Strategic Risks, Funding Sources, and the Impact of Emerging Technologies (Future of Business and Finance)
by Carlos Lassala Samuel Ribeiro-NavarreteThere is no doubt that the proliferation of entrepreneurial activity is a current trend. Start-ups enable an effective transformation of knowledge, generating high added value to society. The objective of this book is to address the financing of the entrepreneurial process as a necessary element to articulate a solid business fabric, based on taking advantage of new opportunities. The book is structured in two parts. The first part takes as a reference the lack of financing in the entrepreneurship process and analyses different sources of financing available to entrepreneurs depending on the phase in which the project is located. The second part of the book analyses innovation and its links to the financing of start-ups, addressing the impact of emerging technologies and fintech services and the support of artificial intelligence. Finally, the book concludes with an examination of decentralized finance (DeFi), as an idea that is changing the financial world, giving rise to new financial paradigms.
Finanzen für Nicht-Finanzfachleute: Ein Handbuch
by Shahid Hussain RajaObwohl dieses Handbuch in erster Linie für das mittlere Management eines Unternehmens geschrieben wurde, ist es auch für leitende Angestellte im öffentlichen oder privaten Sektor oder sogar für gemeinnützige Nichtregierungsorganisationen (NRO) nützlich. Es ist auch für diejenigen gedacht, die in ihrer akademischen Laufbahn Wirtschaftswissenschaften studiert haben, aber nach ihrem Eintritt in den Dienst die finanziellen Konzepte und Begriffe vergessen haben. Da das betriebswirtschaftliche Wissen und die Erfahrungen größenneutral sind, werden diejenigen, die Eigentümer von KMU sind oder in KMU arbeiten, das Buch ebenso geeignet und nützlich finden. Nach der gründlichen Lektüre dieses Buches sollten Sie in der Lage sein, die Bedeutung des Finanzwesens, seine Bedeutung für die Stabilität und das Wachstum eines Unternehmens, die grundlegenden Finanzkonzepte und den bei der Finanzanalyse und Entscheidungsfindung verwendeten Fachjargon zu verstehen und bei Bedarf zu erklären. Darüber hinaus lernen Sie die drei wichtigsten Jahresabschlüsse kennen und erfahren, wie Sie die Informationen interpretieren und nutzen können, um die historische Leistung Ihres Unternehmens zu messen und die künftige Entwicklung zu planen. Nicht zuletzt werden Sie die Bedeutung des Budgetierungsprozesses und die Rolle der Unternehmensfinanzen bei der Formulierung und Umsetzung einer Wettbewerbsstrategie verstehen lernen, ebenso wie die grundlegende Natur der Kosten, der Bruttomarge und der Gewinnschwelle sowie die Auswirkungen gängiger Preisgestaltungsmethoden auf Bruttomarge und Gewinn.
Finanzielle Bildung als Schlüssel zur finanziellen Freiheit (essentials)
by Manuela Serena Jessica HastenteufelDie Autoren zeigen in diesem essential, dass die finanzielle Bildung ein wichtiger Aspekt der finanziellen Freiheit ist. Anhand einer empirischen Studie mit den Generationen Baby Boomer und Y werden deren Unterschiede in Bezug auf ihren Umgang mit finanzieller Bildung und finanziellen Angelegenheiten sowie ihrer Einstellung zur finanziellen Freiheit im Allgemeinen sowie ihrer zukunftsorientierten Absicherung erläutert. Die Studie, basierend auf einer Online-Befragung, liefert das eindeutige Ergebnis, dass die finanzielle Bildung die finanzielle Freiheit maßgeblich beeinflusst. Es werden sowohl praxis- und zukunftsorientierte Handlungsempfehlungen für die Vergleichsgenerationen als auch generationenunabhängig ausgesprochen.
Finanzielle Führung von Familienunternehmen: Transparenz – Compliance – Performance – Strategie – Governance
by Thomas Zellweger Patricio OhleDie finanzielle Führung von Familienunternehmen unterliegt besonderen Anforderungen. Insbesondere die CFOs stehen dabei häufig im Brennpunkt verschiedener Interessen und Rollen. Gleichzeitig spielt der Finanzbereich eine große Rolle, wenn es darum geht, den Erfolg eines Familienunternehmens über viele Jahrzehnte und mehrere Generationen hinweg zu sichern und Wege aufzuzeigen. Diese Überlegungen haben dazu geführt, dass sich am Center for Family Business der Universität St. Gallen in den vergangenen Jahren ein Kreis von CFOs aus großen deutschsprachigen Familienunternehmen gebildet hat. In diesem Buch teilen diese Experten ihren Wissens- und Erfahrungsschatz erstmals mit der Öffentlichkeit.Entlang eines Fünf-Stufen-Modells beleuchten sie zentrale Aufgabenfelder, die weit über das bloße Finanzmanagement hinausgehen. Sie diskutieren Fragen der Transparenz und Compliance, von Performance und Strategie bis hin zur Governance – und geben konkrete Anregungen für den unternehmerischen Alltag. Ob Manager, Eigentümer oder Beirat: Von diesem Brückenschlag zwischen Theorie und Praxis kann jeder profitieren, der im Familienunternehmen Verantwortung trägt.
Finanzierung der Digitalen Transformation: Ein Praxisleitfaden für KMU (essentials)
by Dirk Stein Dennis Schmidt Serkan Akbay Tina JägerDas vorliegende Buch befasst sich mit der Finanzierung der Digitalisierung im Sinne der digitalen Transformation für kleine und mittelständige Unternehmen (KMU). Dieses Buch stellt das „Digital Transformation Financing Framework“ (DTFF) vor, dass einerseits die Finanzierung der digitalen Transformation mit den klassischen Finanzierungsinstrumenten der Unternehmensfinanzierung darstellt. Andererseits zeigen Selbstfinanzierungsinstrumente auf Geschäftsmodellebene zusätzliche und innovative Handlungsmöglichkeiten für die Umsetzung in Eigenregie und ohne Banken auf.
Finanzierung und Organisation des Sozialstaates
by Ralf MöllerDieses Lehrbuch bietet eine Darstellung der Finanzierungs- und Organisationsstruktur des deutschen Sozialstaates mit einem Schwerpunkt im Bereich der Sozialversicherung. Es stellt die Organisationsformen sozialstaatlicher Verwaltungen in Grundzügen mit zahlreichen Beispielen auf Bundes-, Landes- sowie kommunaler Ebene vor. Dabei werden Gestaltungsmöglichkeiten von Organisationsstrukturen und aktuelle Rechtsfragen erörtert. Ein weiterer Schwerpunkt ist die Finanzierung sozialstaatlicher Leistungen. Im Mittelpunkt stehen hier Abgrenzungsfragen zwischen der Steuer- und Beitragsfinanzierung des Sozialstaates. Neben relevanten verfassungsrechtlichen Grundlagen werden zeitlose Fragen der Freiheit dargestellt und zugleich Funktion und Struktur der Selbstverwaltung sichtbar gemacht. Zusätzlich werden rechtliche Rahmenbedingungen und politische Gestaltungsmöglichkeiten diskutiert. Ergänzt wird dieser Teil durch ein Kapitel über die Durchsetzungsmöglichkeiten von sozialstaatlichen Forderungen.Die zweite Auflage wurde hinsichtlich der wesentlichen Änderungen und Weiterentwicklungen im Sozialrecht aktualisiert sowie um wichtige Aspekte der Rechtsprechung in den Themenfeldern Organisation und Finanzierung erweitert. Studierende, Praktiker und interessierte Laien erhalten eine eingehend strukturierte Einführung in das gegliederte System des deutschen Sozialstaates, wobei die Umsetzung des rechtlich Machbaren im Mittelpunkt steht.
Finanzierungsinstrumente und Motive als Erfolgs-Konfigurationen im Cultural/Creative Entrepreneurship: Eine Analyse anhand einer konfigurativen Mixed-Methods-Studie
by Max HöllenInwiefern hängen Finanzierungsinstrumente mit dem Erfolg von Unternehmungen in der Kultur- und Kreativwirtschaft ("Cultural/Creative Entrepreneurship") zusammen? Individuen und Firmen dieser Branche zeichnen sich durch eine hohe Schöpfungskraft aus, die Innovation und Wertschöpfung für Wirtschaft, die Region und die Gesellschaft mit sich bringt. Cultural/Creative Entrepreneurs sind spezifisch, da ihre Orientierung am künstlerischen Lifestyle mit Ökonomie und Unternehmertum teilweise in Konflikt steht. Die Arbeit betrachtet Motive und Orientierungen von Unternehmer*innen als Erfolgsfaktoren, da sie in der Kultur- und Kreativwirtschaft eine hohe Relevanz besitzen. Dabei liegt ein Fokus auf dem Zusammenspiel zwischen diesen hybriden Motiven und Kombinationen von Finanzierungsinstrumenten. Die konfigurative Mixed-Methods-Studie deckt schließlich die Intrahybridität und die Interhybridität von Finanzierungsinstrumenten auf und führt zu Implikationen für Kreativschaffende, Kultur- und Wirtschaftspolitik, Lehre, Beratung und Forschung an der Schnittstelle zwischen Kreativität und Ökonomie.
Find. Build. Sell.: How I Turned a $100 Backyard Bar into a $100 Million Pub Empire
by Stephen J. HuntWhat does it take to turn an underperforming business into roaring success? Discover how one of Australia’s most successful hotel publicans turned his $100 backyard beer garden into a $100 million pub empire. In his straightforward and down-to-earth Australian style, Stephen J. Hunt outlines the blueprint and frameworks he uses to turn failing and under-performing business into multi-million-dollar successes. Hunt draws on his own dishwasher-to-pub-mogul story to provide readers with an actionable roadmap to formulating an idea, raising money, recruiting employees, fending off competitors, and, eventually, cashing out. You’ll learn how to: turn your passion into profit and assess the right business opportunities for you rebrand (on a budget) to exponentially increase the value of a business develop a bullet-proof team culture that creates loyalty for life negotiate the best price when buying or selling a business pitch to investors using language they understand and value. Whether you’re buying, selling or reinvigorating an online or bricks-and-mortar business, or simply looking to improve your long-term business and career goals, this step-by-step guide shows you how to use simple principles, systems and procedures to quickly (and easily) unlock vast value from any business.
Finding Your Career in the Modern Audio Industry
by April TuckerFinding Your Career in the Modern Audio Industry equips the reader with the skills they need to turn an interest in audio, sound, or music technology into a career. This book provides insight for aspiring professionals seeking audio-related opportunities in entertainment, technology, education, and more. In the audio industry, there is typically a gap between those in-training and those with professional (and financially sustainable) careers. This book bridges the information gap, offering practical and real-world advice to those in this volatile stage of their career. Including 70+ interviews with professionals from over 20 countries, Finding Your Career in the Modern Audio Industry offers insight into how others (across the industry and the world) have applied entrepreneurial thinking, problem-solving, and creative solutions to build their careers. Including international case studies and interviews with diverse professionals, Finding Your Career in the Modern Audio Industry is essential reading for anyone taking their first steps into an audio-related field.
Finding Your Granite: My Four Cornerstones of Personal Leadership (Security, Audit and Leadership Series)
by Douglas P. PflugIn "Finding your Granite", Executive Leadership Coach and Mentor Douglas Pflug walks you through some of the life experiences, lessons and key take-ways from his years as a dual sport university athlete, 28 years as a police officer, 30 years as an elite strength and conditioning coach, mentor and leader. Douglas accomplishes this through four very dynamic, energetic and heartfelt sections entitled: "The Struggle" "Dash Leadership" "Four Cornerstones of Personal Leadership" and "Rise Up and Excel". The Author’s mentoring and protégé process and implementation of #RiseUpAndExcel and #StrongerFasterFitter methodologies assists people in discovering "who they were, who they are and whom they want to be" moving forward in this post COVID 19 world. This book was written through the eyes of an "everyday guy" and designed to educate, entertain and inspire front line 911 emergency workers to seek and achieve their potential. Additionally, this book will also be an essential resource for individuals and business leaders who wish to stay ahead of the evolving leadership trends of strategic thinking, inspiration and motivation, strong interpersonal skills, vision, decisiveness and passion.
Fintech: Frontier and Beyond (China Perspectives)
by Zhong Xu Chuanwei ZouFintech, the integration of technology into the delivery of financial services has revolutionised the world of Finance. This book introduces a new framework to study the concepts that underly Fintech while examining the driving forces and underlying logic behind Fintech-based innovation and predicting the future development of Fintech. The first three parts of the book cover the development and basics of Fintech and its relationship with inclusive finance, while later sections constitute a deep dive into several core issues surrounding Fintech. First, the volume introduces an economic explanation of blockchain and its application in various scenarios based on the token paradigm. Second, it studies digital currency and discusses its impacts on payment systems, financial inclusion, monetary policy, and financial stability. Third, the authors explore how to build a compliant and effective market for data while protecting data privacy, impinging on the future development of AI application, the digital economy and Fintech. Fourth, the book examines public policies related to Fintech, including regulatory technology, the regulation of financial activities of Big Tech companies, and how to promote financial inclusion. The title will appeal to scholars, students, and financial practitioners and regulators in a broad range of areas including economics, finance, technology, and public policy, especially Fintech, blockchain, and digital currency.
Fintech and Financial Risk in China (Contributions to Finance and Accounting)
by Zhigang Qiu Xiaolin Huo Yue DaiThis book provides a comprehensive overview of the development and status of fintech in China. Occupying core position in fintech development, big data takes on stronger superiority and application value. Meanwhile, blockchain and other technological innovations, which are used to serve data, greatly promote the growth of fintech industry. Furthermore, not only the benefits are illustrated by the authors, but also the financial risks and noise caused by fintech and big data are discussed. By using both academic knowledge and newest real cases in China, this timely book will appeal to practitioners, academics, and policy makers.
Fintech and the Future of Finance: Market and Policy Implications
by Erik Feyen Harish Natarajan Matthew SaalFintech—the application of digital technology to financial services—is reshaping the future of finance. Digital technologies are revolutionizing payments, lending, investment, insurance, and other financial products and services—and the COVID-19 pandemic has accelerated this process. Digitalization of financial services and money is helping to bridge gaps in access to financial services for households and firms and is promoting economic development. Improved access to basic financial services translates into better firm productivity and growth for micro and small businesses, as well as higher incomes and resilience to improve the lives of the poor. Technology can lower transaction costs by overcoming geographical access barriers; increasing the speed, security, and transparency of transactions; and allowing for more tailored financial services that better serve consumers, including the poor. Women can especially benefit. Yet too many people and firms still lack access to essential financial services that could help them thrive. It is time for policy makers to embrace fintech opportunities and implement policies that enable and encourage safe financial innovation and adoption. Fintech and the Future of Finance: Market and Policy Implications explores the implications of fintech and the digital transformation of financial services for market outcomes, on the one hand, and regulation and supervision, on the other hand—and how these interact. The report, which provides a high-level perspective for senior policy makers, is accompanied by notes that focus on salient issues for a more technical audience. As the financial sector continues to transform itself, policy trade-offs will evolve, and regulators will need to ensure that market outcomes remain aligned with core policy objectives. Several policy implications emerge. 1. Manage risks, while fostering beneficial innovation and competition. 2. Broaden monitoring horizons and reassess regulatory perimeters. 3. Review regulatory, supervisory, and oversight frameworks. 4. Be mindful of evolving policy trade-offs as fintech adoption deepens. 5. Monitor market structure and conduct to maintain competition. 6. Modernize and open financial infrastructures. 7. Ensure public money remains fit for the digital world. 8. Pursue strong cross-border coordination and sharing of information and best practices.
FinTech, Artificial Intelligence and the Law: Regulation and Crime Prevention (The Law of Financial Crime)
by Alison Lui Nicholas RyderThis collection critically explores the use of financial technology (FinTech) and artificial intelligence (AI) in the financial sector and discusses effective regulation and the prevention of crime. Focusing on crypto-assets, InsureTech and the digitisation of financial dispute resolution, the book examines the strategic and ethical aspects of incorporating AI into the financial sector. The volume adopts a comparative legal approach to: critically evaluate the strategic and ethical benefits and challenges of AI in the financial sector; critically analyse the role, values and challenges of FinTech in society; make recommendations on protecting vulnerable customers without restricting financial innovation; and to make recommendations on effective regulation and prevention of crime in these areas. The book will be of interest to teachers and students of banking and financial regulation related modules, researchers in computer science, corporate governance, and business and economics. It will also be a valuable resource for policy makers including government departments, law enforcement agencies, financial regulatory agencies, people employed within the financial services sector, and professional services such as law, and technology.