The FINTECH Book: The Financial Technology Handbook for Investors, Entrepreneurs and Visionaries

by Susanne Chishti, Janos Barberis

A front-line industry insider's look at the financial technology explosion The FINTECH Book is your primary guide to the financial technology revolution, and the disruption, innovation and opportunity therein. Written by prominent thought leaders in the global fintech investment space, this book aggregates diverse industry expertise into a single informative volume to provide entrepreneurs, bankers and investors with the answers they need to capitalize on this lucrative market. Key industry developments are explained in detail, and critical insights from cutting-edge practitioners offer first-hand information and lessons learned. The financial technology sector is booming, and entrepreneurs, bankers, consultants, investors and asset managers are scrambling for more Who are the key players? What's driving the explosive growth? What are the risks? This book collates insights, knowledge and guidance from industry experts to provide the answers to these questions and more. The fintech market captured over US$14 billion in 2014, a three-fold increase from the previous year. New startups are popping up at an increasing pace, and large banks and insurance companies are being pushed toward increasing digital operations in order to survive. The financial technology sector is booming and The FINTECH Book is the first crowd-sourced book on the subject globally, making it an invaluable source of information for anybody working in or interested in this space.

Genres: Business, Finance, Technology, Nonfiction, Entrepreneurship

320 pages, Paperback

First published February 15, 2016

About the author

Susanne Chishti is the CEO of FINTECH Circle, Europe's 1st Investor Network focused on fintech investments & Founder of the FINTECH Circle Institute, the leading fintech learning platform offering Innovation Workshops to C-level executives and fintech courses. She is also the Co-Editor of the Bestseller "The FINTECH Book" which has been translated into 10 languages and is sold across 107 countries, The WealthTECH Book, The InsurTECH Book, The PAYTECH Book, The AI Book and The LEGALTECH Book (published by WILEY in 2020). Awards:

1) Selected as 24th Top Fintech Influencer in the World (Onalytica, 2020) - among the Top 100 Fintech Influencers globally
2) Won the Fintech Champion of the Year Award 2019 (Women in Finance Awards)
3) Social Media Influencer of the Year 2018 (Investment Week)
4) Top 7 Crypto Experts globally 2018 (Inc Magazine)
5) City Innovator - Inspirational Woman in 2016
6) European Digital Financial Services ‘Power 50’, an independent ranking of the most influential people in digital financial services in Europe (2015)
7) Top 5 ESG Influencers Globally (Refinitiv, 2020)

She has also been a fintech TV Commentator on CNBC and is a guest lecturer on financial technology at the University of Cambridge and Warwick Business School.

After completing her MBA she started her career working for a fintech company (before the term "fintech" was being invented) in the Silicon Valley 25 years ago. She then worked more than 15 years’ across Deutsche Bank, Lloyds Banking Group, Morgan Stanley and Accenture in London and Hong Kong.

Reviews

[Eugene · Rating 4 out of 5]

The book is the collection of articles from various authors including founders, managers, managers, experts. The quality of articles differs, some of them are great, some of them are mediocre but some of them are outdated in terms as things are changing very rapidly: I've started this book 2 weeks ago and just 1 week ago Apple already announced peer-to-peer Apply Pay. But it is a great book as the introduction into FinTech and FinTech startups.

Most important things are:

- regulations laws and compilance with laws are very very important because violation could cause a shutdown of your Fintech startup!
- In Europe alone there are 20 millions of early adopters who are ready of online banking innovations
- In India upper/lower middle class combined is almost 800 millions people
- Regulations, KYC, privacy issues are very important and still are challenges for fin tech and electronic transactions
- Banks understand that they will be dying soon, their legacy software prevents them from innovations
- 60% of B2b transactions still require manual interventions
- Fintech innovations targets to millions of people who still rely on cash. 85% of transactions were cash based in 2013. Non-cash solutions are 5 times cheaper comparing to cash. There will be 1 millions of electronic transactions per minute in 2020
- New generation will be accustomed to electronic payments.

[BCS · Rating 5 out of 5]

Conceptually this is an absolutely amazing book, in which the authors make us aware that this is the first “globally crowdsourced” editorial-style treatment of the Financial Technology (FinTech) service industry. For the uninitiated, the book’s sub-title provides a better explanation, as it’s a Financial Technology Handbook for Investors, Entrepreneurs and Visionaries.

It’s simply impossible to adequately reprise the content, given the exceptionally wide variety of specialist contributions; more especially when you consider that more than 160 authors from 27 countries were invited to participate, and together submitted 189 abstracts to be part of the book. Do you get the picture? In the final analysis 86 authors were selected to write full chapters.

Essentially it’s a compilation covering FinTech themes, where the authors explain the drivers and implications across a wide spectrum of FinTech matters, and readers will gain an exceptionally valuable insight into the workings of the financial technology industry and key future trends.

For the newbie to FinTech, I would advise reading the introduction, which in itself, has three sub-topics and four authors, which will whet your appetite for what comes next, and then take a more in-depth look at the specific topics of personal interest.

The experienced finance practitioner will not be able to put this book down, but will need to set aside a substantial chunk of time to get through the 300 pages.

Content specifically, the international global emerging Hubs are well researched, with some surprising reveals, followed by a treatise on the emerging markets as perceived by the authors together with their thought-provoking views on the social impact on the people living in those international regions.

From the operational perspective, “real-world” practical implementable solutions are given extensive coverage whilst, from a strategic financial and investing perspective, there is a wealth of ideas, and fresh innovative thinking, to engage the mind and help broaden your personal FinTech perspective.

You will be able to appreciate the effort that has been consumed to bring successful innovation to market and, looking further into the future, the authors have assembled and provided an amazing “crystal ball” for us to look into, of how our future FinTech services could be provided.

I am pleased to see that each of the contributors have been formally recognised with their own section at the end of the book, where you can connect with both their LinkedIn and Twitter accounts, in addition to a pointer back to their contributions in the book.

So, in summary, we have a handbook with an amazingly wide number of contributors, covering an extensive range of financial technology subjects, in the most absorbing and thought provoking way. It is amazing that this book has come to market at all, and our understanding of the future of our world is well served for the fact that it has done so.

Review by George Williams MBCS CITP
Originally posted http://www.bcs.org/content/conWebDoc/...

[Lucy · Rating 5 out of 5]

The FinTech Book není klasickou knihou, je tak trochu podivná, jiná a určitě neobyčejná. Posuďte sami. Kniha jako taková je dílo crowdfundigové iniciativy několika FinTech nadšenců. Knihu nenapsal jeden, dva či tři autoři, ale jsou jich desítky. Celkově se na tvorbě knihy podílelo 160 autorů z 27 zemí. Na začátku bylo vytvořeno 189 abstraktů k nejrůznějším tématům z oblasti FinTechu, následně členové FinTech komunity vybrali 86 témat, které byly dále rozpracovány do finální knižní podoby.
Celá recenze: https://fintechcowboys.cz/fintech-boo...

[Victor]

Several scholars, researcher or entrepreneurs relates their experience in creating fintech startup, and reflect on the future of the banking industry. Highly recommended as an introduction of what it is to come for the financial industry.

[Danilo Weiner · Rating 1 out of 5]

Menos um livro e mais um compilado de textos sobre Fintech, faltou apuro do curador para organizar os artigos melhor e, principalmente, criar temas mais interessantes. A sensação que fica ao terminar o livro é que alguns minutos no Google, com algumas palavras-chave na cabeça e o resultado - turbinado pela hierarquização mais inteligente dos income links - seria muito mais satisfatório. Outro ponto negativo é a escolha pelo formato 'paisagem' do livro que obviamente dificulta a leitura e, para aqueles que já não gozam de uma visão perfeita, letra muito pequena, principalmente quando há diagramas e gráficos nas páginas. Fazendo jus à temática, um mau investimento que mesmo o robot advisor mais burro rechaçaria..

[Jeremy Clark · Rating 2 out of 5]

Like any collection of essays, there is great variance in quality, some overlap, and not enough space for nuance. Much of the book is general business principles (location matters, get usability right, etc) that are not FinTech specific. There is a lot of who’s who in FinTech and some dreadful forecasting of the future. What is missing is ideas. The desk copy is beautifully designed but to concentrate on the content, I listened to the Audible version.

[Нестор · Rating 4 out of 5]

Ожидал гораздо большего, чем разнородный сборник статей.

Авторам и редакторам следовало чуть больше, чуть глубже, чуть фундаментальнее проработать тему, убрать повторы и дать свой чёткий прогноз о будущем финтеха.

Ничего этого в книге нет. Зато есть много воды, историй о разных странах и работ десятков авторов, не заявленных на обложке.

Труд, проделанный для написания этой книги, пожалуй, колоссален. Но и читать его очень и очень трудно.

Спасает только интерес к теме, умение читать по диагонали и терпение. А терпение и труд всё перетрут.

[Yangphilgmail.com · Rating 1 out of 5]

This should not have been called a book as it's merely a collection of fintech related articles without much consideration of how a comprehensive fintech book should be. As such the 'book' is very repetitive in most basic concepts and implications of fintech. As a whole this is very shallow and unsyetematic. Totally not worth the money or time.

This should not have been called a book as it's merely a collection of fintech related articles without much consideration of how a comprehensive fintech book should be. As such the 'book' is very repetitive in most basic concepts and implications of fintech. As a whole this is very shallow and unsyetematic. Totally not worth the money or time.

[Emil Petersen · Rating 1 out of 5]

This is a bad compilation, with individually OK sections. Every author rightly feels the need to set the context when he/she is talking about whatever topic they decided on. This is fine the first time, redundant the second time, and annoying for the next 30 times, because they are all talking about fintech. I'd stay clear of this one.

[Ilya Konokhov · Rating 1 out of 5]

#альпина паблишер, книга должна называться так: "ФИНТЕХ - ретроспектива развития современных финансовых технологий"
Первый раз отделяю контент издания от самого издания. Оказалось, такое возможно!
Книга "ФИНТЕХ Путеводитель по новейшим финансовым технологиям" случайным образом попала в мои руки, и случайность стоила 1339 рублей в Библио-глобусе. Книга собой представляет сборник статей, некоторые из которых датированы 2005! Путеводитель по новейшим технологиям :) Но не всё так печально, большинство статей 2015 года. Контент интересен, местами сильно ретроспективен. Контент в свободном доступе через google. Книга подписана в печать в конце 2016, мой экземпляр напечатан в 2017. К слову, про блокчейн всего 2 статьи из, примерно, 72.
О формате. Формат схож с "Построение бизнес-моделей", "Разработка ценностных предложений" - альбомный формат. Физически неудобно читать, постоянные искривления страниц, приходится применять физическую силу для разглаживания.
Книга напоминает концепцию дешёвых программы на ТВ, где показывают ролики из YouTube.

[Melissa Charitos · Rating 2 out of 5]

Magere twee sterren, wat een draak van een boek om doorheen te komen. Gelezen in het kader van mijn FinTech opleiding, anders was ik waarschijnlijk gestopt (en dat zegt iets).

Het boek viel behoorlijk tegen, omdat:
- Allemaal losse essays, daardoor veel herhaling en weinig “verhaalllijn”. De essays zijn veelal gortdroog en oersaai geschreven.
- Door het gebrek aan verhaallijn (en oersaaiheid) lastig leesbaar;
- Het boek komt uit 2016, waardoor veel essays allang achterhaald zijn.

Enige pluspunt, enkele (een op één hand te tellen aantal) essays waren wel interessant en zetten aan het denken.

[Neeraj Badaya · Rating 5 out of 5]

This book is really a great book which provides lot of information about the FINTECH and how the latest technologies as well as active Venture capitalist funding leads to development at exponential rate in this area. It was really a god handbook where you will get to know about the views of all experts around the world in Fintech space.

[Vėjas Galvoje · Rating 4 out of 5]

Straipsnių Fintech tematika rinkinys. Apie 70% turinio iš ties labai įdomus ir naudingas, tačiau likusi dalis visiškai neverta čia būti. Jaučiu pridėjo tik tam, kad sudarytų solidžios, storos knygos įvaizdį. Fintech tematika yra labai įdomi ir tikrai viena iš topinių temų.

[Tommy · Rating 5 out of 5]

This book is really very interesting. The author wrote all about fintech. By the way, I know a very good company that is based on developing digital banking software. They are making Finamp solutions so it can be helpful for everybody

[Jay Waghray · Rating 2 out of 5]

Better info online. Even at time of publishing

[Mahdi Khosravi · Rating 1 out of 5]

کسشر محض! اگه می‌خواهید برید یه جا در مورد فینتک ارائه‌ای بدید که حرف‌های قشنگ ولی به درد نخور بزنید، این کتاب مناسب شماست!

[Mimi Stein · Rating 3 out of 5]

Some of the material here already feels like ancient history.

[Daniel Vaughan · Rating 2 out of 5]

very broad

Any handbook is general, but I was expecting to learn something from this one. I felt it too broad and superficial.

[Rafik Hamza · Rating 3 out of 5]

The book is actually collection of different papers. Edited by the authors. I don't really have any specific comments on the book because of the different types and targets of papers.

[Denny Troncoso · Rating 5 out of 5]

Well researched. Thorough. It’s a little dated but great if you are a nerd about fintech.

[Sivan Pandian]

Kindly provide the download link

[Benjamin · Rating 4 out of 5]

Very superficial, and some narratives are just ads for particular services.

As such, if you -- like me -- know almost nothing about fintech, it introduces you to many companies, regions, and ideas involved. Which is what I wanted from it anyway.

Well suited to purpose.

[Igor Pejic · Rating 4 out of 5]

Published in 2016, don’t expect to get the latest trends from this book but if you are new to the fintech world this is a good point to start building your knowledge. Numerous industry experts explain the major fintech themes, hubs, investment patterns, and application fields. Unfortunately, there is little coverage of the US-market. It is a broad handbook so you will not become an expert in any of the fields by reading it, but it will give you a solid introduction.

[Mr Hưng · Rating 3 out of 5]

Sách có một số thông tin thú vị,
Tuy nhiên nhìn chung thì không sâu sắc.

Sách là tập hợp các bài viết của các chuyên gia FINTech khắp thế giới. Mỗi bài giống như một bài đăng tạp chí vậy, cũng có cái hay nhưng nhìn chung thì khá chung chung, không sâu sắc và thiếu tính gắn kết để mà gọi là một quyển sách.

[Hristo Milev · Rating 5 out of 5]

Although somewhat outdated now, this is still one of the best books dedicated to the industry.

[Lizzy Sung · Rating 2 out of 5]

I am very disappointed with this book. It might be my fault because I thought I would have known more about Fintech after finishing this book. However, seems like this book is for entry level. The knowledge is very flat and nothing new. Since all of the writers are only responsible for few pages, they cannot write something deep and difficult.
Again, disappointed.

[Marcelo Gonzalez · Rating 2 out of 5]

It is a good general book about different points of views. This book is not at all technical. It was written not for quants but for people who are either simply curious about the status and possible future course of financial technology or who might want to get aboard this trend, as entrepreneurs or investors.

[Victor Venegas]

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