New financial applications called “Fintech” are disrupting traditional financial services. The scope and importance of Fintech is not fully appreciated or taught in traditional Financial Markets courses. On the other end of the spectrum, popular coverage of Fintech tends to be overly promotional and understates the response of the big banks to protect their franchises. This book presents an overview of traditional financial products and services and the Fintech disruptors in each area. Regulation of financial markets is also covered along with a review of Fintech’s negative contribution to some important social issues. Finally, there is a review of the Fintech activities of the big banks.
Bitcoin; blockchain; ...