The FinTech Revoluiton is upon us in financial services.
In the past, the infrastructure referred to as banks was necessary, but IT companies like Amazon and Google that possess big data can handle operations such as payments even better than banks. Furthermore, linking AI to IoT is leading to a growing range of completely new business opportunities. This new phenomenon is generally called FinTech, and countries through the world are competing and creating opportunities related to how FinTech will evolve. The question becomes how the various perspectives and ventures will be realized in the future.
This book provides deep insights into the transition from FinTech 1.0 to 1.5, and then on to FinTech 2.0, and what it means for financial intermediaries and their customers.
Praise for Learning Practical Fintech From Successful Companies
"Throughout my career I've seen the world of finance transformed by technology, from the earliest days of online lending to the current innovations happening with blockchain and cryptocurrency. I believe we're at a critical point in history where a new Internet of Value is starting to emerge, and I'm excited to see so many talented entrepreneurs tackling problems in global finance today." - Chris Larsen, Co-founder and Executive Chairman of Ripple.
"Blockchain technology is changing the way the world does business. This book offers an inside look at how institutions from all corners of financial services and other areas of commerce are collaborating with software firms like R3 to re-engineer the infrastructure that enables money, goods, and information to flow around the globe." - David Rutter, Founder, Chief Executive Officer of R3.
"When we think about FinTech, we often think about New York, Silicon Valley, and London, but this book tackles the awakening dragon that is Asian FinTech. Do yourself a huge favor and read this book. Asia is where the real FinTech evolution is happening." - Brett King, Author of Augmented and Bank 4.0, Host of the Breaking Banks Radio Show, Founder of Moven.
List of Contributors ix
Planning and Editing Staff of the SBI Group xi
Chapter 1 Internet Revolution and Evolution of FinTech 1
Chapter 2 Evolution of the SBI Group 11
Chapter 3 Background of the FinTech Revolution 27
Chapter 4 Breakthrough FinTech Companies 31
Chapter 5 Issues for Financial Institutions and the Legal System 133
About the Author and Editor 155