Overview
- Offers a comprehensive study on the impact and application of fintech on the banking sector
- Explores the risk management challenges, environmental and regulatory impacts, and costs of using fintech in banking
- Consists of contributions by experts in the academic and practitioner communities in fintech, banking, and innovation
Part of the book series: Palgrave Studies in Financial Services Technology (FST)
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About this book
This book provides both practice-oriented and academic insights into the disruptive power of fintech for the banking industry. It explores (1) whether and how the banking industry can use newly emerging technologies in the financial sphere to its advantage while managing any associated risks, (2) how these technologies affect traditional banking service formats as well as the pricing of these services, and (3) whether the emergence of fintech in the banking industry calls for a rethinking of existing banking regulations such as the Basel Accords as well as country-specific regulations.
Prior publications in this area typically examine both current applications of fintech in the banking industry, as well as its future prospects, by analyzing actual cases or exploring the impact of a single emerging technology on the banking industry. They often ignore the interdependence between emerging technologies and overlook the connection between fintech as a whole and the future of the banking industry. This book addresses this gap by providing a comprehensive overview of various fintech applications and by analyzing what they mean for the future of banking. Given the potentially disruptive power of fintech, the book will focus on the challenges banking supervisors are likely to encounter as a result of fintech’s continual ascent. It will thus encourage readers to think about and explore how to find a balance between the beneficial aspects of fintech and the challenges it creates in terms of supervision, regulation, and risk management.Similar content being viewed by others
Keywords
Table of contents (14 chapters)
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Front Matter
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Financial Technologies and Their Effects on the Banking Industry
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Front Matter
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Challenges, Opportunities, and Regulations Regarding Fintech in the Banking Industry
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Front Matter
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Back Matter
Editors and Affiliations
About the editors
Thomas Walker is Professor of Finance and Concordia University Research Chair in Emerging Risk Management at Concordia University, Montreal, Canada. Prior to academia, he worked for several years in the German consulting and industrial sector at Mercedes Benz, Utility Consultants International, Lahmeyer International, Telenet, and KPMG Peat Marwick.
Elaheh Nikbakht currently serves as Data Management and Reporting Administrator in the Entity Services Department of Maples Group. In addition, she works as a Research Assistant for the Emerging Risks Information Centre and the Department of Finance at Concordia University. She holds an MBA and an MSc in Finance from Concordia University.
Maher Kooli is a Full Professor of Finance at the School of Management (ESG), Université du Québec à Montréal (UQAM) and head of the Finance Department. He is the Caisse de Depot et Placement de Québec (CDPQ) research chair-holder in portfolio management, founder of the trading room at ESG UQAM, and Autorite des marches financiers (AMF) and Finance Montreal research co-chair-holder in fintech at ESG UQAM.
Bibliographic Information
Book Title: The Fintech Disruption
Book Subtitle: How Financial Innovation Is Transforming the Banking Industry
Editors: Thomas Walker, Elaheh Nikbakht, Maher Kooli
Series Title: Palgrave Studies in Financial Services Technology
DOI: https://doi.org/10.1007/978-3-031-23069-1
Publisher: Palgrave Macmillan Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2023
Hardcover ISBN: 978-3-031-23068-4Published: 25 February 2023
Softcover ISBN: 978-3-031-23071-4Published: 26 February 2024
eBook ISBN: 978-3-031-23069-1Published: 24 February 2023
Series ISSN: 2662-5083
Series E-ISSN: 2662-5091
Edition Number: 1
Number of Pages: XXX, 378
Number of Illustrations: 14 b/w illustrations, 38 illustrations in colour
Topics: Financial Engineering, Financial Services