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The finance industry is currently going through a digital revolution, with new and developing technology transforming the world of banking and financial services beyond recognition. Banks and financial institutions worldwide recognize the pressing need to innovate to avoid disruption or displacement by highly agile and often smaller FinTech companies. Reinventing Banking and Finance is a practical guide for finance professionals to current trends in FinTech, innovation frameworks, the challenges of outsourcing or embedding innovation, and how to effectively collaborate with other organizations.
Beginning with the history and background of FinTech in financial services, the book provides a thorough overview of the global FinTech ecosystem and the drivers behind innovation in technologies, business models and distribution channels. Case studies of best practice examples and interviews with innovators, experts and academics shine a light on key financial innovation hubs in UK, US, Poland, China, Israel and more, and offer advice for institutions looking to choose the right market for their needs. Covering genuine innovations in AI, machine learning, blockchain and digital identity, Reinventing Banking and Finance offers practical solutions to navigating the complex and multi-layered finance industry.
List of contents
Chapter - 01: The History of Banking; Chapter - 02: The Digital Threat; Chapter - 03: The Shape of the Perfect Neobank; Chapter - 04: The Journey from Bricks and Mortar to Digital; Chapter - 05: The Fintech Hubs; Chapter - 06: The Fintech Tribes; Chapter - 07: London; Chapter - 08: The Gulf; Chapter - 09: Paris; Chapter - 10: New York City; Chapter - 11: Tel Aviv; Chapter - 12: Shenzhen; Chapter - 13: Final Thoughts; Chapter - 14: Further reading
About the author
Originally a Commercial Banker, Helene Panzarino is a highly experienced Fintech Programme Director, exited entrepreneur, educator and author. Her most recent role was MD of the global Rainmaking Colab Fintech Programme, a world-first, post-accelerator programme for Series A+ FinTechs and Tier 1 financial institutions. Responsible for the Inaugural Programme of Education and Events for Innovate Finance, she is also an Associate Director of the LIBF Digital Banking Centre, the Lead Fellow and creator on a world-first Fintech Pathway in a Masters in Tech Entrepreneurship Degree for UCL, and co-creator and lead delivery partner on the Imperial College FinTech Executive Education Programme. Her specialist subject areas are Digital Banking and Alternative Finance (SMEs). She is also the CEO of the Banking Lab (London) enabling community banks and building societies to engage with the global Fintech community. A regular judge, speaker and moderator for the banking and Fintech awards and conferences, Helene was a BSI Fintech representative for the UK in Brussels and has been named on the Computer Weekly 100 Women in Tech Award 2018-19.Alessandro Hatami is the founder and managing partner of advisory firm Pacemakers.io, specialising in driving digital transformation in payments, financial services and banking organisations. He has been driving digital innovation for over 15 years at firms such as the Lloyds Banking Group, PayPal UK, PayPoint.net and GE Capital. He is a non-exec director of Cashplus Bank, mentor to several fintech start-ups and an investor in a number of early-stage tech companies. He is a well-known figure in European fintech and is a frequent speaker at events across the globe. His book Reinventing Banking and Finance (2021), also published by Kogan Page, was rated Best Overall Book on Banking of 2021 by Investopedia.com in the US. He is based in London, the UK.
Summary
Understand the global FinTech ecosystem, recognise the emergence and specialisms of key hubs, and learn how collaboration can drive innovation.
Foreword
Outlines the background and building blocks of innovation in financial services and the key factors which have shaped the industry such as mobile, cybersecurity and big data
