Fintech Explained: How Technology Is Transforming Financial Services

Financial services continue to evolve at an unprecedented pace with technology reshaping the industry.Fintech Explained provides a rigorous, accessible roadmap to this ongoing transformation, examining the new technologies, the latest academic research, and the strategies of new entrants and incumbents alike. By examining innovative digital business models, the book shows how financial technology (fintech) firms are leveraging technology to solve customer pain points and provide financial products and services that are cheaper, faster, easier to use, personalized, and more convenient.The book profiles the successes and failures of more than thirty innovative fintechs worldwide, drawing on insights from founders, early-stage investors, financial incumbents, and other participants in this fast-changing sector.As fintech continues to evolve rapidly, the second edition includes substantial updates on artificial intelligence, programmable blockchains (Web3), decentralized finance (DeFi), fi