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Global Fintech: Financial Innovation in the Connected World
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  • Title: Global Fintech: Financial Innovation in the Connected World
  • Author(s) David L. Shrier, Alex Pentland
  • Publisher: MIT Press (March 8, 2022); eBook (Creative Commons Licensed)
  • License(s): CC BY-NC-ND 4.0
  • Paperback: 322 pages
  • eBook: PDF Files
  • Language: English
  • ISBN-10/ASIN: 0262543664/B096DJ2QBT
  • ISBN-13: 978-0262543668
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Book Description

Artificial 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.

The 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.

About the Authors
  • David L. Shrier is an American futurist, author and entrepreneur. He is a Professor of Practice (AI and Innovation) with Imperial College Business School.
  • Alex Pentland is an American computer scientist, the Toshiba Professor at MIT, and serial entrepreneur.
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