Digital Finance and the Future of the Global Financial System: Disruption and Innovation in Financial Services

This book provides an in-depth analysis of the most salient features of contemporary financial systems and clarifies the major strategic issues facing the development of digital finance. It emphasizes the role of the State, consumers, and technology in the transformation process and discusses the challenges and risks associated with digital finance. It is a useful guide for students and researchers in finance, finance and technology, regulations and compliance in finance.

Format: Hardback
Length: 232 pages
Publication date: 25 August 2022
Publisher: Taylor & Francis Ltd

This comprehensive book delves into the intricate details of contemporary financial systems, providing a clear understanding of the most significant aspects and shedding light on the critical challenges facing the development of digital finance. It offers valuable insights into how the digital finance system operates within a socio-economic context, enabling readers to grasp its functioning in a holistic manner. The book presents three key messages:

Digital transformation will profoundly alter the financial system, necessitating a reimagining of its structures and processes.
The State plays a pivotal role in ensuring the successful integration of digital finance, as it oversees the development of policies, regulations, and frameworks that govern this evolving landscape.
Consumers will be presented with increased opportunities and freedom, accompanied by heightened risks and complexities.

The book is structured into four distinct parts, each contributing to a comprehensive analysis of digital finance. The first part establishes the foundational principles upon which the subsequent chapters are built, offering a deep dive into the realm of digital finance, encompassing a comprehensive topology of the key technologies employed in the transformation process. The second part examines the challenges faced by the digital State in the new reality, encompassing the digitalization of public finance and the establishment of digitally relevant taxation systems. The third part explores the digital consumer landscape, highlighting the evolving needs and preferences of consumers in the digital age. The final part examines the risks and challenges associated with digital finance, focusing on three key developments: the accelerated growth of algorithms' importance, the expanding impact of cyber risk, and the emergence of new dimensions of systemic risk as a consequence of financial digitalization.

To enhance the analysis, the authors supplement their discussion with a comprehensive examination of how these emerging risks and challenges are monitored and managed by financial institutions. This book serves as a valuable resource for students and researchers in the fields of finance, finance and technology, regulations and compliance in finance, providing a comprehensive and accessible guide to the world of digital finance.

Weight: 630g
Dimension: 234 x 156 (mm)
ISBN-13: 9781032205489