The digital revolution in banking, insurance and capital markets /
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| Imprint: | Abingdon, Oxon ; New York, NY : Routledge, 2023. ©2023 |
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| Description: | 1 online resource ( xvi, 276 pages) : illustrations. |
| Language: | English |
| Series: | Routledge international studies in money and banking Routledge international studies in money and banking. |
| Subject: | |
| Format: | E-Resource Book |
| URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/13149085 |
| Summary: | The digital transformation of finance and banking enables traditional services to be delivered in a more effective and efficient way but, at the same time, presents crucial issues such as fast growing new asset classes, new currencies, datafication and data privacy, algorithmization of law and regulation and, last but not least, new models of financial crime.This book approaches the evolution of digital finance from a business perspective and in a holistic way, providing cutting-edge knowledge of how the digital financial system works in its three main domains: banking, insurance and capital markets. It offers a bird's eye view of the major issues and developments in these individual sectors.The book begins by examining the wider framework of the subsequent analysis and over the next three parts, discusses the opportunities, risks and challenges facing the digitalization of these individual financial subsectors, highlighting the similarities and differences in their digitalization agenda, as well as the existing linkages and dependencies among them. The book clarifies the strategic issues facing the development of digital finance in these major subsectors over the coming years.The book has three key messages: that digital transformation changes fundamentally the way financial businesses operate; that individual trades have their own digitalization agenda; and that the State with its regulatory power and central banking and money has a particularly important role to play.It will be of interest to scholars, students and researchers of finance and banking, as well as policymakers wishing to understand the values and limitations of new forms of digital money. |
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| Physical Description: | 1 online resource ( xvi, 276 pages) : illustrations. |
| Bibliography: | Includes bibliographical references and index. |
| ISBN: | 9781003310082 1003310087 9781000837766 1000837769 9781000837810 1000837815 9781032315072 9781032315096 |
