Recent developments, major areas in FinTech, future prospects and potential issues with FinTech.
Fintech in a Flash: Financial Technology Made Easy by
The financial services technology industry is booming and promises to change the way we manage our money online, disrupting the current landscape of the industry. Understanding fintech's many facets is the key to navigating the complex nuances of this global industry. Fintech in a Flash is a comprehensive guide to the future of banking and insurance. It discusses an array of hot topics such as online payments, crowdfunding, challenger banks, online insurance, digital lending, big data, and digital commerce. The author provides easy to understand explanations of the 14 main areas of fintech and their future, and insight into the main fintech hubs in the world and the so-called unicorns, fintech firms that have made it past a $1 billion valuation. He breaks down the key concepts of fintech in a way that will help you understand every aspect so that you can take advantage of new technologies. This detailed guide is your go-to source for everything you need to confidently navigate the ever-changing scene of this booming industry.
Ch. 1: The Booming World of Fintech via Fintech in a Flash : Financial Technology Made Easy
Discussion: In the past few weeks, where and how have you used FinTech? Provide a few examples.
Quiz. 10 questions.
Money and monetary base, Fractional reserve banking, Money supply and inflation, intro to Bitcoin and other cryptocurrencies.
What is money? Who controls it? What are the Federal Reserve and US Treasury? How is the traditional landscape of banking changing?
Understanding Money Mechanics by
This book provides the intelligent layperson with a concise yet comprehensive overview of the theory, history, and practice of money and banking, with a focus on the United States. Although the author considers himself an Austrian school economist, most of the material in this book is a neutral presentation of historical facts and an objective description of the mechanics of money creation in today’s world.
The book is intended to be a reference for all readers, whether “Austrian” or not, and to bridge the gap by providing a crash course in the necessary theory and history while keeping the discussion tethered to current events.
Read Chapters 1-4 of Understanding Money Mechanics by Robert P. Murphy.
View the following videos-
Fintech in a Flash: Financial Technology Made Easy by
The financial services technology industry is booming and promises to change the way we manage our money online, disrupting the current landscape of the industry. Understanding fintech's many facets is the key to navigating the complex nuances of this global industry. Fintech in a Flash is a comprehensive guide to the future of banking and insurance. It discusses an array of hot topics such as online payments, crowdfunding, challenger banks, online insurance, digital lending, big data, and digital commerce. The author provides easy to understand explanations of the 14 main areas of fintech and their future, and insight into the main fintech hubs in the world and the so-called unicorns, fintech firms that have made it past a $1 billion valuation. He breaks down the key concepts of fintech in a way that will help you understand every aspect so that you can take advantage of new technologies. This detailed guide is your go-to source for everything you need to confidently navigate the ever-changing scene of this booming industry.
Ch. 4: Digital Lending Innovation and Ch. 7: Crowdfunding and Crowdinvesting
Shadow Banking
Disruptive Technology in Banking and Finance by
This book exemplifies the potential of FinTech to deliver important economic and societal gains, such as enhancing competition and financial inclusion to deliver tailored financial products and services at more affordable prices and at greater convenience. The emergence of FinTech directly challenges the business models of incumbent financial intermediaries like banks, which are adapting by developing their own FinTech offerings and partnering with FinTech and large technology firms. FinTech also constitutes both known and unknown risks to financial stability and challenges regulators to evaluate whether existing regulations are sufficient. The emergence of FinTech as a global phenomenon requires insightful cross-country analysis and different perspectives to evaluate its development and associated opportunities and challenges. This book will be of interest to practitioners, regulators and students of this essential enabling technology that is a major component of the Fourth Industrial Revolution.
Read- Chp 6 Fintech and Banking: An Evolving Relationship, section 6.3, 6.4, 6.5,(pages 171 - 194),
from Disruptive Technology in Banking and Finance An International Perspective on FinTech (2021)