The financial system is currently confronted with tremendous challenges from the global economy, trade, politics, demographics, and most recently from enormous technological advancements. These developments have the capacity to change the existing financial system fundamentally. This book addresses how technological developments and digitalization will impact the future of financial systems.This book is based on the results of a series of ten roundtables with high-level experts on ...

Get a handle on disruption, innovation and opportunity in investment technologyThe digital evolution is enabling the creation of sophisticated software solutions that make money management more accessible, affordable and eponymous. Full automation is attractive to investors at an early stage of wealth accumulation, but hybrid models are of interest to investors who control larger amounts of wealth, particularly those who have enough wealth to be able to efficiently...

Digital innovation is significantly reshaping the financial services landscape, pioneering new avenues for sustainable access, distribution, and management of financial resources. A myriad of real-world applications, such as enabling digital supply chain finance across agricultural and fashion value chains, and leveraging digital currencies to fuel smart meters in schools in developing nations, are continually emerging. Moreover, the advent of digital investment marketplaces, crowdfunding ...

How the global financial services sector has been transformed by artificial intelligence, data science, and blockchain.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 perspectiv...

We are only in the early stages of a broader revolution that will impact every aspect of the global economy, including commerce and government services. Coming financial technology innovations could improve the quality of life for all people.Over the past few decades, digital technology has transformed finance. Financial technology (fintech) has enabled more people with fewer resources, in more places around the world, to take advantage of banking, insurance, credi...

In this comprehensive, accessible work, Ross P. Buckley, Douglas W. Arner, and Dirk A. Zetzsche offer an ideal reference for anyone seeking to understand the technological transformation of finance and the role of regulation: the world of FinTech. They consider FinTech technologies including artificial intelligence, blockchain, BigData, cloud computing, cryptocurrencies, central bank digital currencies, and distributed ledger technology, and provide a unique perspective on FinTech as an in...

Asia and the Pacific continues to experience rapid development of innovative technology solutions driven by increased government support to help address the economic fallout of the coronavirus disease pandemic. This publication identifies the role that central bank digital currencies could play in overcoming some of the challenges of achieving financial inclusion. It proposes recommendations to aid policy makers and regulators. The publication shares insights from the Asia–Pacific Financia...

This book provides a coherent Blockchain framework for the business community, governments, and universities structured around microeconomics, macroeconomics, finance, and political economy and identifies how business organizations, financial markets and governmental policies are changed by digitalization, specifically Blockchain. This framework, what they authors call “disintermediation economics,” affects everything by providing a paradigm that transforms the way we organize markets and ...

History of Finance: From the Origins of Stock Exchanges to Modern Financial Systems.Spanning centuries of evolution, ‘History of Finance: From the Origins of Stock Exchanges to Modern Financial Systems’ explores in depth the development of global finance, from the earliest forms of exchange and trade to the era of cryptocurrencies and decentralised finance. This book offers a detailed analysis of how the financial system has transformed, coping with crises, adapting to technological...

How can finance professionals close the financial inclusion gap through innovation?Inclusive Finance by Alessandro Hatami and Meaghan Johnson is a practical guide for professionals in banking, fintech, investment and regulation who want to reduce exclusion, meet compliance goals and expand access to underserved markets.Written by leading voices in financial innovation, this book explores how digita...

Micro, Small and Medium Enterprises (MSMEs) face opportunities and challenges in terms of taxation in the digital era. The rapid advancement of technology and the proliferation of e-commerce have significantly changed the way business is done, presenting unique tax implications for MSMEs. Here are some important points to consider:Cross Border Transactions: Digital technology allows MSMEs to access global markets more easily. However, this can complicate tax matters...

This book is open access, which means that you have free and unlimited access.The increasing capacity of digital networks and computing power, together with the resulting connectivity and availability of “big data”, are impacting financial systems worldwide with rapidly advancing deep-learning algorithms and distributed ledger technologies. They transform the structure and performance of financial markets, the service proposition of financial products, the organization of payment s...