FinTech is one of the major forces of digital transformation for the financial industry. Emerging technologies and business model innovation have advanced Fintech development for the past decade at an unprecedented pace. On top of the continuously evolving business landscape and trends in digital transformation, the COVID-19 pandemic brought numerous challenges to the financial industry around the world. Just in time, FinTech advancements helped us to meet many of the challenges head-on, and are in turn driving further structural changes in the industry. Effects of these new technologies will likely persist beyond the current pandemic, and FinTech has established itself as a critical engine of financial innovation that enables financial firms not only to survive but also to thrive.
The Future and FinTech: ABCDI and Beyond presents the major building blocks of FinTech, i.e., Artificial Intelligence (AI), Blockchain, Cloud, Big Data, Internet of Things (IoT), abbreviated as ABCDI, in the context of industrial evolution with real-world case studies. It provides detailed guidance on how FinTech transforms revenue models and revolutionizes business operations, improves productivity, and optimizes resource management by leveraging new methodologies, such as AIOps, MLOps, and DevSecOps.
Readers will also discover how FinTech innovations bridge the banks and financial institutions to corporations, households, and individuals, with the growing interests in Digital Currencies, Open Banking, and Banking-as-a-Service (BaaS) models.
To help readers understand how FinTech has unlocked numerous business opportunities, this book has presented the massive changes underway and provides insights into future directions, through extensive literature surveys, case studies, and applications with illustrative figures and summary tables, making this book a handy reference book for all things in FinTech.