Digital Transformation of the Financial Industry: Approaches and Applications

This book provides a comprehensive collection of state-of-the-art research findings on the digital transformation of financial services, exploring new business and organizational models, service delivery approaches, and applications in Central and Eastern Europe. It appeals to students, scholars, and researchers in finance, monetary economics, and business, as well as practitioners interested in understanding the digital transformation of financial services, new financial technologies, and innovations in finance.

Format: Hardback
Length: 333 pages
Publication date: 31 January 2023
Publisher: Springer International Publishing AG

This comprehensive book delves into the cutting-edge research findings on the transformative impact of digitalization on financial services. The digital revolution has reshaped the financial industry, creating new business models and service delivery approaches. Over the past decade, the emergence of innovative financial technologies has driven the creation of novel business structures and facilitated the adoption of cutting-edge service delivery techniques. By encompassing substantial conceptual contributions, advancements in methodologies, and a detailed exploration of digital transformation in Central and Eastern Europe (CEE), this volume significantly expands our understanding of digital transformation in the financial sector.

The book is organized into two distinct parts. The first part offers a social science perspective on digital transformation within the financial industry. It explores the societal implications, ethical considerations, and consumer behavior associated with these technological advancements. The second part provides a comprehensive examination of how financial technologies are revolutionizing financial services on the markets. It explores the role of digital platforms, blockchain, artificial intelligence, and big data in shaping the future of financial transactions, investments, and banking. Furthermore, this part outlines emerging strategies and approaches to digital transformation in the financial industry, aimed at enhancing efficiency, customer experience, and competitive advantage.

This book is a valuable resource for students, scholars, researchers, and practitioners in the fields of finance, monetary economics, business, and technology. It offers a comprehensive and up-to-date analysis of the digital transformation of financial services, providing insights into the latest trends, innovations, and challenges facing the industry. By exploring the social, technological, and economic aspects of digital transformation, this book equips readers with the knowledge and tools necessary to navigate the evolving landscape of finance and contribute to its future growth and development.

Weight: 688g
Dimension: 235 x 155 (mm)
ISBN-13: 9783031232688
Edition number: 1st ed. 2023