Digital Transformation and the Economics of Banking: Economic, Institutional, and Social Dimensions

The book provides deep insight into the processes of digital transformation of banking according to economic, institutional, and social dimensions. It also highlights the increase in the financial inclusion of disadvantaged groups. The principal audience of the book is scholars in banking and finance, and professionals in the financial industry. Chapter 10 is freely available as a downloadable Open Access PDF.

Format: Hardback
Length: 226 pages
Publication date: 07 November 2023
Publisher: Taylor & Francis Ltd

The book delves into the intricate processes of digital transformation within the banking industry, encompassing economic, institutional, and social dimensions. Alongside the transformation of established banks, these processes lead to significant changes in the scope of existing banking services. Moreover, partnerships between new entities, known as FinTech firms, and incumbent banks reshape the banking sector and its financial environment.

The transformation of banks and the banking sectors is accompanied by various institutional and socioeconomic processes. Regarding institutional processes, the book offers valuable insights into the digitalization of the banking sector from a legal perspective. Traditionally, banking has been heavily regulated by norms and rules, and it is crucial to maintain this regulatory framework when new entities enter the sector or when new technological solutions contribute to the provision of banking services.

On the socioeconomic front, digitalization is exerting a profound impact. One notable example is the increase in financial inclusion for disadvantaged groups, particularly customers who have been underserved by the traditional financial sector or remain unbanked. However, the socioeconomic aspect of digital transformation extends far beyond this single example, and this book aims to explore its various dimensions.

The primary audience of the book includes scholars and professionals in the fields of banking and finance, as well as other related disciplines such as legal science, management, and psychology. It is particularly relevant to those interested in understanding the impact of new financial technologies on the banking sectors and bank services, particularly in the context of the digital transformation.

The book provides a comprehensive and multidisciplinary approach to understanding the complex dynamics of digital transformation in banking. It offers valuable insights into the economic, institutional, and social factors that shape this transformation, and it explores the implications of these changes for both banks and their customers. By examining the interplay between technology, regulation, and society.

Weight: 610g
Dimension: 234 x 156 (mm)
ISBN-13: 9781032374932