FinTech and the Remaking of Financial Institutions explores the transformative potential of new entrants and innovations on business models. In its survey and analysis of FinTech, the book addresses current and future states of money and banking. It provides broad contexts for understanding financial services, products, technology, regulations and social considerations. The book shows how FinTech has evolved and will drive the future of financial services, while other FinTech books concentrate on particular solutions and adopt perspectives of individual users, companies and investors. It sheds new light on disruption, innovation and opportunity by placing the financial technology revolution in larger contexts.
- Presents case studies that depict the problems, solutions and opportunities associated with FinTech
- Provides global coverage of FinTech ventures and regulatory guidelines
- Analyzes FinTech's social aspects and its potential for spreading to new areas in banking
- Sheds new light on disruption, innovation and opportunity by placing the financial technology revolution in larger contexts
Chapter 1. Introduction
Chapter 2. Disruption and Disintermediation in Financial Services and Products: Why Now?
Chapter 3. Money: A Medium of Exchange, Unit of Account and Store of Wealth
Chapter 4. Financial Institutions
Chapter 5. Bubbles, Panics, Crashes, and Crises
Chapter 6. Bank Lending
Chapter 7. Time Value of Money: Interest, Bonds, Money Market Funds
Chapter 8. Equities, Efficient Markets, Exchanges
Chapter 9. Foreign Exchange
Chapter 10. Forwards, Futures, and Swaps
Chapter 11. Commodities
Chapter 12. Options
Chapter 13. Startup Financing
Chapter 14. Fintech in a Global Setting
Chapter 15. Fintech and Government Regulation
Chapter 16. Social issues: Income Distribution, Diversity, and Inclusiveness
Chapter 17. The Future Millennial Bank-Your Parents' Bank Integrates With the Disrupters
John Hill is President and CEO of Derivatives Strategy Group. He previously served as Co-Head of Global Energy Futures at Merrill Lynch, and at ABN AMRO bank; worked as President and CEO of Broadway Futures Group, a small independent broker; and was Senior Vice President of North American Sales for Intercontinental Exchange (ICE). ICE was one of the first electronic platforms and was a model to many more recent start-ups. During his tenure at ICE, the company grew from a small, Atlanta-headquartered private company to a public company with an IPO valued at $12 billion. It now owns and operates the NYSE, among other businesses. In regard to this book, Mr. Hill worked as Senior Vice President at ICAP, the largest interdealer broker, where his focus was electronic business development and planning compliance with Dodd Frank regulations. He also worked as Product Manager at Markit, the global financial information and services company, as part of a team that evaluated and incubated FinTech projects both internal and external.