Fintech, as it is popularly known, is one of the fastest-growing sectors in the world today. The phrase refers to a wide variety of programs, technology advancements, and services for use in personal or commercial banking and investing.
These are five of the best books that have been written on the subject that explain what it is all about and how it is transforming the financial services industry for investors who want to learn more.
The FINTECH Book by Susanne Chisti and Janos Barberis
Subtitled This thorough reference to the market is called The Financial Technology Handbook for Investors, Entrepreneurs, and Visionaries. It seeks to give knowledge and practical guidance to bankers, fintech business owners, and investors interested in profiting from the fintech sector.
The FINTECH Book’s content was crowdsourced, following a fintech-related business trend. Two eminent fintech authorities edited it. The first angel investor network in Europe to concentrate on fintech is called FINTECH Circle, and Chisti is its chief executive officer. Barberis is the creator of SuperCharger, a Hong Kong-based fintech accelerator.
Breaking Banks: The Innovators, Rogues, and Strategists Rebooting Banking by Brett King
Several of the new financial technology products offer banking institutions and other traditional financial organizations support services. Yet, a number of fintech businesses are disrupting the financial services industry, and King’s book is about these businesses.
It offers incisive conversations with and accounts of fintech entrepreneurs who are leading the charge in delivering financial services through unconventional channels, and it looks at trends like the emergence of robo-advisors for investing and peer-to-peer lending (P2P).
King is a renowned expert on how banking and finance are evolving. He is the author of several publications on banking technology advancements and was named American Banker’s Inventor of the Year in 2012.
Smarter Bank: Why Money Management Is More Important Than Money Movement to Banks and Credit Unions by Ron Shevlin
The focus of Shevlin’s Smarter Bank is on how the most innovative traditional banks are utilizing and adjusting to advancements in financial services.
Shevlin explains how these “smarter” banks are adopting cutting-edge technology and modifying their business models to keep up with advancements in the financial services industry and a dynamic financial market. He demonstrates how top banks are using fintech goods and services to enhance client interactions and financial performance.
The book covers a wide range of topics, such as big data developments, customer involvement, the growing significance of mobile banking and online payment systems, and millennials’ financial habits. Banking executives should read it without a doubt.
Shevlin was placed No. 2 on Bank Innovation’s list of “30 Innovators to Watch: Important Executives Changing the Industry” in 2014. Shevlin has worked as a marketing consultant and analyst for the banking sector for many years.
Digital Bank: Strategies to Launch or Become a Digital Bank by Chris Skinner
The Future of Banking in a Globalized World, Skinner’s tenth book, was followed by Digital Bank, an ambitious book that seeks to provide a blueprint for building what Skinner envisions as the bank of the future. The Financial Services Club, a professional networking site for the financial services industry that Skinner launched in 2004, is essentially an extension of the work that Skinner has been doing for years.
The goal is to increase banking sector professionals’ awareness of how the digital banking revolution has changed how people and businesses engage with their banks. Skinner examines internet banks like Ally Bank in the U.S., Fidor Bank in Germany, and the European peer-to-peer lending service provider Zopa to provide explanations and practical instances of how banking and financial services are changing.
The Age of Cryptocurrency: How Bitcoin and Digital Money Are Challenging the Global Economic Order by Paul Vigna and Michael Casey
The subject of Vigna and Casey’s book is the growth of cryptocurrencies like bitcoin, as suggested by the title. Reporters Vigna and Casey from The Wall Street Journal discuss the relevance of alternative currencies and how they might completely transform the current financial system by using blockchain technology. Additionally, they see this as a way of offering the great majority of unbanked people in the globe access to fundamental financial services.
The writers clearly explain the history of digital cryptocurrency as well as how they allow for autonomous, non-bank transactions. The book, in particular, offers a thorough analysis of bitcoin, conceding its flaws while forcefully stating that cryptocurrencies have taken a firm hold in the financial world and are likely to gain wider popularity.