Global Fintech Revolution by Lerong LuCall Number: HG4515.5 .L85 2024
ISBN: 9780198850144
Publication Date: 2024-08-28
Publisher: Oxford: Oxford University Press, 2024.
Lerong Lu analyzes the Fintech revolution, highlighting the interplay between financial services and information technologies like big data, cloud computing, blockchain, and AI. The study focuses on banking institutions, online lending marketplaces, and money and payment systems to evaluate the impact of financial innovations on traditional finance, alongside regulatory challenges and global policymaker responses. It includes international case studies on various Fintech aspects, such as app-based banking, mobile payments, P2P lending, and cryptocurrencies, while assessing global Fintech hubs. Lu discusses the dynamic Fintech ecosystem, key players, and the advantages for both financial institutions and consumers. He emphasizes Fintech's potential for promoting a more equitable and sustainable financial system, while also addressing the associated legal, ethical, and regulatory challenges.