Innovation in financial services : balancing public and private interests / edited by Lech Gąsiorkiewicz and Jan Monkiewicz.

Format:

Book

Contributor:

Monkiewicz, Jan, editor.

Gąsiorkiewicz, Lech, editor.

Series:

Banking, money and international finance.

Banking, money and international finance

Language:

English

Subjects (All):

Financial services industry--Technological innovations.

Financial services industry.

Physical Description:

1 online resource (xvii, 277 pages) : illustrations.

Edition:

1st ed.

Place of Publication:

London ; New York, New York : Routledge, [2021]

Summary:

"This book delves into the many innovative changes that the financial industry has undergone in recent years. The authors investigate these developments in a holistic manner and from a wide range of perspectives: both public and private, business and consumer, regulators and supervisors. Initially, they set the framework of their analysis by discussing innovation cycles in financial services. Thereafter, they tackle the issue of financial innovations and their consequences for financial stability. They then review the new approaches to financial consumers' protection, which emerged in the aftermath of the global financial crisis. The authors underline the fact that this new approach is heavily influenced by the recent innovative drive in the financial industry. Next, they switch their attention to the public sector, examining the innovative processes in monetary policy and central banks, structural innovations in the supervisory models and systems, and they assess some specific supervisory challenges, regarding blockchain and the application of mathematics in the supervisory capacity. Additionally, the book examines 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, the book 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, as well as financial sector practitioners"-- Provided by publisher.

Contents:

Cover

Half Title

Series

Title

Copyright

Contents

List of figures

List of tables

List of contributors

Acknowledgements

Introduction

Part I Systemic issues

1 Digital transformation of the financial ecosystem: interaction of private and public sector

2 Innovation cycles in financial services

3 Financial innovations and systemic risk - a financial stability policy perspective

4 Financial consumers' protection under the impact of reregulation and innovations

Part II Public sector

5 The central bank feeding the budget: a heresy that must become routine

6 Regulatory and supervisory systems and financial innovations: challenges, impacts, prospects

7 Innovations in risk-transferring mechanisms on financial market and systemic risk

8 Supervisory issues over blockchain-based activities

9 Modelling and forecasting of crises on the financial markets: application of catastrophe theory

Part III Private sector

10 Artificial intelligence in financial services - benefits and costs

11 Text analysis in finance: the challenges for efficient application

12 High-frequency trading - a new challenge for capital markets

13 The use of innovations in insurance: case of trade credit insurance

14 Innovations in management models - the case of process management in insurance companies

Index.

Notes:

Description based on print version record.

ISBN:

1-00-305166-9

1-003-05166-9

1-000-20407-3

9781003051664

OCLC:

1159650397