FinTech Innovation examines the rise of financial technology and its growing impact on the global banking industry. Wealth managers are standing at the epicenter of a tectonic shift, as the balance of power between offering and demand undergoes a dramatic upheaval. Regulators are pushing toward a 'constrained offering' norm while private clients and independent advisors demand a more proactive role; practitioners need examine this banking evolution in detail to understand the mechanisms at work. This book presents analysis of the current shift and offers clear insight into what happens when established economic interests collide with social transformation. Business models are changing in profound ways, and the impact reaches further than many expect; the democratization of banking is revolutionizing the wealth management industry toward more efficient and client-centric advisory processes, and keeping pace with these changes has become a survival skill for financial advisors around the world.
Social media, big data analytics and digital technology are disrupting the banking industry, which many have taken for granted as set in stone. This book shatters that assumption by illustrating the massive changes already underway, and provides thought leader insight into the changes yet to come.
- Examine the depth and breadth of financial technology
- Learn how regulations are driving changing business models
- Discover why investors may become the price-makers
- Understand the forces at work behind the rise of FinTech
Information asymmetry has dominated the banking industry for centuries, keeping the bank/investor liability neatly aligned—but this is changing, and understanding and preparing for the repercussions must be a top priority for wealth managers everywhere. Financial Innovation shows you where the bar is being re-set and gives you the insight you need to keep up.
Keywords: FinTech Innovation: From Robo-Advisors to Goals-Based Investing; Paolo Sironi; IBM Risk Analytics; FinTech revolution; financial technology; wealth management; FinTech instruments; FinTech strategy; global banking; rise of FinTech; client-centric wealth management; changing banking; financial industry outlook; private wealth management; financial services; technology in investing; FinTech phenomenon; banking transformation; proactive investing; banking regulation; financial regulation; global banking; global investing; banking business models; financial services processes