Innovation in Financial Services: Balancing Public and Private Interests

This book explores the innovative changes in the financial industry, including financial stability, consumer protection, public sector, private sector, and digital transformation. It is intended for graduate and postgraduate students, researchers, public sector officers, and financial sector practitioners.

Format: Hardback
Length: 278 pages
Publication date: 30 October 2020
Publisher: Taylor & Francis Ltd

The financial industry has undergone a remarkable transformation in recent years, with a multitude of innovative changes that have reshaped the landscape of the sector. In this comprehensive book, the authors delve into these developments from a wide range of perspectives, including public and private, business and consumer, regulators and supervisors.

To provide a framework for their analysis, the authors begin by discussing innovation cycles in financial services. They explore the various stages of innovation, from initial ideas to widespread adoption, and examine the factors that drive and hinder innovation in the financial industry.

Next, the book tackles the issue of financial innovations and their consequences for financial stability. The authors examine the impact of new financial products, technologies, and business models on the stability of the financial system and discuss the challenges and risks associated with these innovations. They also review the new approaches to financial consumers protection that emerged in the aftermath of the global financial crisis, highlighting the role of technology and data in enhancing consumer protection.

The authors then shift their attention to the public sector, examining the innovative processes in monetary policy and central banks. They explore the use of new technologies, such as blockchain, to improve the efficiency and transparency of monetary policy and central bank operations. They also assess the structural innovations in the supervisory models and systems, including the development of risk-based supervision and the use of artificial intelligence and natural language processing for regulatory filings.

Furthermore, the book examines a range of issues related to the private sector, such as recent developments regarding risk transferring mechanisms on the financial market, the use of artificial intelligence and natural language processing for regulatory filings, the development of process management in insurance companies, and other innovative products on the market.

In conclusion, Innovation in Financial Services provides a comprehensive and insightful examination of the many innovative changes that have taken place. The book is intended for graduate and postgraduate level students, researchers, public sector officers, as well as financial sector practitioners. By exploring these developments from a diverse range of perspectives, the authors offer valuable insights into the future of the financial industry and the challenges and opportunities that lie ahead.

Weight: 606g
Dimension: 162 x 241 x 26 (mm)
ISBN-13: 9780367508913