فین‌تک: فناوری محرک اختلال در صنعت خدمات مالی

Everything that we know about the world of finance is changing before us. Innovation is happening constantly, despite the protests of the traditional financial industry. With all the new technology that we have today, it is almost mind-blowing to think about the kind of technology that we will have in another ten years or so. The change is going to keep coming, the only thing we can do is get on board with it. This book introduces the basics of FinTech and equips readers with the knowledge to get on the cutting edge of age we live in today. Cover 1 Half Title 2 Title Page 4 Copyright Page 5 Contents 6 Introduction 10 Author 14 1 Evolution of the Financial Services Industry 16 The Evolution of Banks: Temples to Challenger Banks 18 The Evolution of the Wealth Management Industry: Merchant Banking to Robo-Advising 25 The Evolution of the Insurance Industry: Lloyd’s of London to Pay per Mile Insurance 33 Emerging FinTechs 38 The Rise of FinTechs 42 2 Reshaping the Financial Services Industry 50 FinTechs in the Payments Industry 55 Multichannel Digital Wallets 56 Digital Wallets 57 Applications Supporting Wallets 62 Onboarding and KYC Applications 63 POS Systems 65 FinTechs in the Lending Industry 66 Formal Lending 66 Informal Lending 68 FinTechs Disrupting the Lending Business 68 P2P Lending 70 POS Lending 75 Online Lending (B2B/B2C) 82 Payday Lending 87 Microfinance 90 Crowdfunding 92 FinTechs in a Wealth Management Industry 95 Financial Advice 96 Automated Investing 98 Socially Responsible Investing 101 Equity Research FinTechs 103 FinTechs in the Insurance Industry 104 Ushering in the New Age of Collaborative Insurance through P2P Insurance 106 On-Demand Insurance: Insuring only When One Wants It 112 Reducing Healthcare Claims through On-Demand Consultation 117 Introducing New Ways of Customer Engagement 119 Quote to Sell 119 Policy Servicing 120 Claims Management 121 Technology Reshaping the Insurance Industry 121 Leading Innovation in Nontraditional Insurance 124 3 Technology Disruptions Enabling FinTech Innovations 128 4G and 5G Networks Fueling FinTech Opportunities 135 1G Networks 135 2G Networks 136 3G Networks 137 4G Networks 138 Mobile Applications and Smartphones Reshaping the Customer Experience 138 FinTechs Making Life Simple by Using Embedded Sensors 140 Accelerometers 140 Gyroscopes 141 Magnetometers 141 Barometers 141 Thermometers 141 Air Humidity 141 Heart Rate Monitor 141 Fingerprint Scanners 142 Radiation Level Sensors 142 Cameras 142 Microphone and Speakers 142 Smartphone Operating Systems 142 FinTechs Transforming the Customer Experience Using Social Media 143 App Stores Helping FinTechs Expand Globally 146 FinTechs Make Payments Seamless Using Mobile Payments 149 Loyalty Redefined by FinTechs 150 Cloud Computing 152 Anybody Can Start a FinTech Using Pay-per-Use Models from the Cloud 152 Cloud Service Models 153 Cloud Deployment Models 153 The Cloud Enables FinTechs to Offer Premium Products at Affordable Prices 154 How FinTechs Are Leveraging the Cloud Service Providers 155 FinTechs Using Web2.0 and Responsive Web Design (RWD) for Rapid Launches 159 RWD Making Cross-Channel Application a Reality for FinTechs 160 Media Queries 161 Fluid Grid 161 Flexible Images 161 FinTechs Launching New Products at an Unmatched Pace Using New Age JS (Javascript) Technologies 162 API-fication 164 FinTechs Monetizing Their Platforms through API-fication 166 Powered by PSD2, FinTechs Have an Exciting Future 167 AISP 168 PISP 168 FinTechs Enabling Payment Integration Leveraging API-fication 169 FinTechs Extending Their Wealth Management Platforms 173 FinTechs Leveraging API-fication to Offer Proprietary Platforms 175 IOT 176 FinTechs Employing Intelligent Devices to Disrupt Financial Services 177 IOT Disrupting the Way Banking, Payments and Insurance Is Done 180 Big Data, Analytics and AI 181 FinTechs Redefining Credit Scoring Using Big Data, AI and Analytics 182 FinTechs Enabling Just-in-Time Information and Analysis for Investors 185 FinTechs Encouraging Transparent Lending and Customer-Friendly Ways of Debt Recovery 187 Blockchain 190 Blockchain Explained 190 FinTechs Adopting Blockchains to Bring in Security and Transparency 193 4 The State of FinTechs Globally 202 The United States: The Revolution Started from Here 206 Europe and the UK 209 UK: The FinTech Hub 209 FinTechGermany: Playing the Catch-Up Game 210 Sweden: The Place Where Skype and Spotify Were Born 211 France: Gearing Up for the Next Revolution, the FinTech Revolution 211 China: The FinTech Dragon Awakens 212 India: The FinTech Tiger Is Roaring 214 Africa: A Young FinTech Continent 218 Australia, New Zealand and Brazil: The Emerging FinTech Countries 221 5 Incubating the FinTechs and Early Stage Funding 224 Coworking Space: A Place for FinTechs to Enrich and Rediscover Themselves 229 Surf Office 232 Incubators 233 Accelerator Programs 236 Impact Hub 238 Established Financial Institutions Incubating Start-Ups 239 6 The Road Ahead 242 FinTechs as Disruptors 245 Compelling User Experience 245 Tapping the Untapped Opportunity Space 245 Automation for Efficiency and Effectiveness 246 Using Unconventional Channels to Market Themselves 247 Agile and Asset Light 247 Collaboration with Peers and Competitors 248 Recent Failures and Lessons Learned 249 Financial Institutions Collaborating with FinTechs to Create an Ecosystem 251 Partnering with FinTechs to Increase Their Offering 251 Using FinTech Products by White-Labeling or by Cobranding 252 Acquiring FinTech Companies 253 Engaging FinTech Companies through Investment/Accelerator Programs 254 The Future of FinTechs 254 The New Financial World 256 Technology Empowering the Tomorrow Land in Financial Service 260 Local Solutions for a Global Service 262 Index 266 The Technology Driving Disruption in the Financial Services Industry Content: Evolution of Financial Services: Financial Services. Collapse of "Too Big to Collapse." Green Shoots Transforming the Way Financial Services Are Managed. First-Generation Disruptions. Emergence of Unicorns. Fintechs as an Established Industry. Fintechs--Unchartered Territory for Traditional Business: Challenging Goliaths of Banking Industry. Replacing Wallets. Homecoming of a Safe Way of Leading Your Life. Keeping Fraudsters Away. Skin in the Game (Guaranteed Returns). Transforming the Experience. Collapse of the Great Wall. Thinking Like Me. Techtonic Shift in Technology Propelling Fintech Innovations: Emergence of App Stores. Cloud. Big Data and Hadoop. IoT. Blockchain. Artificial Intelligence. Opening the APIs. Fintech Revolution Is Everywhere: USA. Europe. The Dragon and Tiger Countries. Innovations in the Sahara and Amazons of the World. Funding the Fintechs: Large Banks Funding Fintechs. Convergence of Telecom and Retail to Banking Using the Fintech Route. Institutional Investors Jumping into the Fray. Self-funded Fintechs. Crowd-Sourced Fintechs. The Road Ahead for Fintechs: Disruptions a Hype or Reality. Let the Orders Flow. Making Money for Investors. Being Legally Compliant. Becoming the Torch Bearer to a More Simplified Financial Services Industry.