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: Paperback / softback
Length: 296 pages
Publication date: 29 April 2022
Publisher: Taylor & Francis Ltd

The financial industry has undergone significant transformations in recent years, and this book delves into these changes in a comprehensive and multifaceted manner. The authors explore these developments from various perspectives, including public and private, business and consumer, regulators and supervisors.

To establish a framework for their analysis, the authors begin by discussing innovation cycles in financial services. They then delve into the topic of financial innovations and their impact on financial stability. This is followed by a review of the new approaches to financial consumer protection that emerged in the aftermath of the global financial crisis. The authors emphasize that this new approach is heavily influenced by the recent innovative drive in the financial industry.

Next, the book turns its attention to the public sector, examining innovative processes in monetary policy, central banks, structural innovations in supervisory models and systems, and specific supervisory challenges related to blockchain and the application of mathematics in the supervisory capacity. Additionally, the book explores a range of issues related to the private sector, such as recent developments regarding risk transferring mechanisms on the financial market, artificial intelligence and natural language processing for regulatory filings, the development of process management in insurance companies, and other innovative products on the market.

Finally, Innovation in Financial Services discusses how the digital transformation of the financial system impacts the interaction between the public and private sectors. The book is intended for graduate and postgraduate-level students, researchers, public sector officers, and financial sector practitioners.

In conclusion, this book provides a valuable insight into the many innovative changes that the financial industry has undergone in recent years. By examining these developments from various perspectives, the authors offer a comprehensive understanding of the challenges and opportunities that these changes present. The book is a valuable resource for anyone interested in the field of finance and will be of particular interest to students, researchers, and practitioners seeking to stay up-to-date with the latest developments and trends.

Dimension: 234 x 156 (mm)
ISBN-13: 9780367508920