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Financial Technology and the Law: Combating Financial Crime (Law, Governance and Technology Series #47)
by Doron Goldbarsht Louis De KokerBlockchains and cryptocurrencies, open banking, virtual assets, and artificial intelligence have become the buzzword of this decade. This book focuses on these ‘disruptive’ financial technologies that provide alternatives to the traditional financial services typically offered by regulated financial institutions. Financial technologies are characterized by the innovative ways in which they initiate, support or extend traditional financial services or offer alternative financial pathways and products. However, these financial technologies also pose money laundering and terrorist and proliferation financing as well as cyber security risks that require mitigation. This edited volume addresses a range of regulatory and enforcement challenges related to financial technology and financial crime. The book responds to the United Nations’ Sustainable Development Goals, in particular in relation to economic development, employment, national security, law enforcement and social well-being. Fostering responsible financial innovation promotes long-term economic growth, inclusion, and improved living standards. This book explores how to promote financial innovation while mitigating risks in a way that ensures financial prosperity and social inclusion.
Financial Technology: Proceedings of The International Conference on Business and Technology (ICBT 2021) (Lecture Notes in Networks and Systems #486)
by Bahaaeddin Alareeni Allam HamdanThis book constitutes the refereed proceedings of the International Conference on Business and Technology (ICBT2021) organized by EuroMid Academy of Business & Technology (EMABT), held in Istanbul, between 06–07 November 2021. In response to the call for papers for ICBT2021, 485 papers were submitted for presentation and inclusion in the proceedings of the conference. After a careful blind refereeing process, 292 papers were selected for inclusion in the conference proceedings from forty countries. Each of these chapters was evaluated through an editorial board, and each chapter was passed through a double-blind peer-review process.The book highlights a range of topics in the fields of technology, entrepreneurship, business administration, accounting, and economics that can contribute to business development in countries, such as learning machines, artificial intelligence, big data, deep learning, game-based learning, management information system, accounting information system, knowledge management, entrepreneurship, and social enterprise, corporate social responsibility and sustainability, business policy and strategic management, international management and organizations, organizational behavior and HRM, operations management and logistics research, controversial issues in management and organizations, turnaround, corporate entrepreneurship, innovation, legal issues, business ethics, and firm governance, managerial accounting and firm financial affairs, non-traditional research, and creative methodologies.These proceedings are reflecting quality research contributing theoretical and practical implications, for those who are wise to apply the technology within any business sector. It is our hope that the contribution of this book proceedings will be of the academic level which even decision-makers in the various economic and executive-level will get to appreciate.
Financial Technology: Case Studies in Fintech Innovation
by Niels PedersenWith the continued success of fintech (financial technology) businesses around the world, financial services are becoming increasingly de-centralized, personalized, and automated. This new textbook strikes a balance between academic depth and commercial relevance in examining the advantages and challenges of these changes through the lens of various analytical frameworks. Financial Technology demystifies key technologies, such as blockchains, Internet of Things, AI, machine learning, and algorithmic data analysis, in a clear and accessible style suitable for readers with no technological background. Real-world case studies from a variety of international organizations including HSBC, ING, Amex, AIG, IBM, Tandem and Monzo, bridge the gap between theory and practice and contextualize learning in terms of real businesses, from large incumbents to smaller start-ups. With coverage of robo-advisors, mobile-only banks, open banking and risk and regulation, this book also explores a range of analytical frameworks to critically examine new technologies and emerging business models. Financial Technology enables readers to understand the fintech movement in the context of recent financial history, examine the key drivers of change and form insights about the financial system in a forward-looking and global manner. Online resources include PowerPoint slides for lecturers, video lectures, a literature review and blog posts to cover industry developments.
Financial Technology: Case Studies in Fintech Innovation
by Niels PedersenWith the continued success of fintech (financial technology) businesses around the world, financial services are becoming increasingly de-centralized, personalized, and automated. This new textbook strikes a balance between academic depth and commercial relevance in examining the advantages and challenges of these changes through the lens of various analytical frameworks. Financial Technology demystifies key technologies, such as blockchains, Internet of Things, AI, machine learning, and algorithmic data analysis, in a clear and accessible style suitable for readers with no technological background. Real-world case studies from a variety of international organizations including HSBC, ING, Amex, AIG, IBM, Tandem and Monzo, bridge the gap between theory and practice and contextualize learning in terms of real businesses, from large incumbents to smaller start-ups. With coverage of robo-advisors, mobile-only banks, open banking and risk and regulation, this book also explores a range of analytical frameworks to critically examine new technologies and emerging business models. Financial Technology enables readers to understand the fintech movement in the context of recent financial history, examine the key drivers of change and form insights about the financial system in a forward-looking and global manner. Online resources include PowerPoint slides for lecturers, video lectures, a literature review and blog posts to cover industry developments.
Financial Technologies and DeFi: A Revisit to the Digital Finance Revolution (Financial Innovation and Technology)
by Abeba N. TuriThe hunt for new forms of value generation is shaping the future of economic and financial interactions, leading to the emergence of innovative business models and technological enablers. Other than challenging our time and space limits, such technological advancements, in some cases, have allowed the generation of value at nearly zero marginal cost. Inevitably, emergent tech solutions are fundamental game changers in digital and conventional finance. In this regard, the book fleshes out the core developments and trending fintech 2.0 solutions that pause challenges and bring opportunities for businesses and economies. It comprises nine main chapters with collective insights and interdisciplinary perspectives covering the business, tech, and regulatory layers of financial technologies and decentralized finance. Besides, the book illustrates how to leverage these state-of-the-art technologies for the evolving digital and decentralized finance world. The book targets a broad audience of researchers, academia, industry professionals, fintech enthusiasts, and the general business audience with timely data and up-to-date cases.
The Financial Systems of Industrial Countries: Evidence from Financial Accounts
by Riccardo De Bonis and Alberto Franco PozzoloThis book offers a comprehensive overview of the financial systems of major industrialized countries using the statistical framework of the financial accounts. After a discussion of how economists agreed to create a framework to monitor the financial linkages between surplus and deficit sectors, the book analyzes in detail the composition and the recent evolution of financial assets and liabilities for households (including public pension rights), firms and intermediaries. Next, the volume studies the convergence patterns of financial structures and their influence on the effectiveness of monetary policy within European countries. The final chapter unifies the previous pictures, showing how the effects of financial integration and global imbalances could have been foreseen based on the financial accounts. The analysis and information contained in the book will help the readers to understand many issues and challenges raised by the recent financial crisis.
Financial Systems, Markets and Institutional Changes (Palgrave Macmillan Studies in Banking and Financial Institutions)
by Stefan Sjögren Ted Lindblom Magnus WillessonThis book analyses how the financial system adjusts to institutional changes such as new technology, political tendencies, cultural differences, new business models, and government interactions. It emphasises how different institutional settings affect firms' borrowing and increases our understanding of how efficient financial markets are formed.
Financial Systems: Principles and Organization
by Edwin H. NeaveAs the world's financial markets become increasingly integrated and competitive Financial Systems: Principals and Organization offers an explanation of how and why change occurs. Data from four major financial systems are used to highlight principal financial system features. There is also a detailed exploration of the economic principles behind financial deals. It also offers: * Wider scope than other books on the subject making it an ideal introductory text * More up-to-date economic explanations * An international overview of US, Pacific and European economies This book has already been adopted by the Canadian Institute of Bankers for its financial systems course offered worldwide. Financial Systems will be invaluable reading for students and professionals alike.
Financial Systems: Principles and Organization
by Edwin H. NeaveAs the world's financial markets become increasingly integrated and competitive Financial Systems: Principals and Organization offers an explanation of how and why change occurs. Data from four major financial systems are used to highlight principal financial system features. There is also a detailed exploration of the economic principles behind financial deals. It also offers: * Wider scope than other books on the subject making it an ideal introductory text * More up-to-date economic explanations * An international overview of US, Pacific and European economies This book has already been adopted by the Canadian Institute of Bankers for its financial systems course offered worldwide. Financial Systems will be invaluable reading for students and professionals alike.
Financial System Stability, Regulation, and Financial Inclusion (ADB Institute Series on Development Economics)
by Springer Fachmedien Wiesbaden Staff ADB Institute Staff Financial Services Agency Editors International Monetary Fund StaffFinancial authorities face a number of key challenges, including maintaining financial stability; ensuring long-term finance for stable economic growth; promoting greater access to financial services for both households and small and medium-sized enterprises (SMEs); and fostering a competitive financial industry. Access to finance for SMEs is particularly important, given their large shares in economic activity and employment in Asian economies. Striking the appropriate balance in achieving these objectives through financial supervision and regulation is an important policy issue for financial regulators. This book is the record of a joint conference in 2014 organized by the Asian Development Bank Institute; Financial Services Agency, Japan; and International Monetary Fund Regional Office for Asia and the Pacific on the topic of financial system stability, regulation, and financial inclusion. Participants included noted scholars, policymakers, and financial industrial participants from Asia. ADB InstituteThe ADB Institute, located in Tokyo, is the think tank of the Asian Development Bank. Its mission is to identify effective development strategies and improve development management in ADB’s developing member countries. Financial Services Agency, JapanThe Financial Services Agency, Japan is responsible for ensuring the stability of Japan’s financial system, the protection of depositors, insurance policyholders and securities investors, and smooth finance through such measures as planning and policymaking. International Monetary Fund Regional Office for Asia and the PacificThe International Monetary Fund Regional Office for Asia and the Pacific contributes to economic surveillance and research, leads the IMF’s involvement in regional cooperation, manages regional capacity building programs, and promotes the understanding and two-way dialogue of the IMF in the region.
Financial System of the Economy: Principles of Money and Banking
by Maureen Burton Bruce BrownAttempts to assess whether the United States is in economic decline. Appropriate to general readers as well as economics students and scholars, this book examines the fears of Americans about their economic future.
Financial System of the Economy: Principles of Money and Banking
by Maureen Burton Bruce BrownAttempts to assess whether the United States is in economic decline. Appropriate to general readers as well as economics students and scholars, this book examines the fears of Americans about their economic future.
Financial Swaps: Instrument des Bilanzstrukturmanagements in Banken (Schriftenreihe für Kreditwirtschaft und Finanzierung #6)
by Stefan Nabben
Financial Sustainability of Public Sector Entities: The Relevance of Accounting Frameworks (Public Sector Financial Management)
by Josette Caruana Isabel Brusca Eugenio Caperchione Sandra Cohen Francesca Manes RossiThis book analyses the role of public sector accounting, and the relevance of accounting frameworks, in assisting financially sustainable policy making. Focussing on the European context, the book examines financial reporting, management accounting, budgeting and other reporting requirements, for example, Government Finance Statistics. It also analyses emerging forms of reporting, such as popular reporting and integrated reporting, which may also be considered by policy makers, standard setters, and managers of public sector entities.
Financial Sustainability of Pension Systems: Empirical Evidence from Central and Eastern European Countries (Financial and Monetary Policy Studies #52)
by Stefania Amalia Jimon Florin Cornel Dumiter Nicolae BaltesThe sustainability of public pension systems has become an important aspect for governments and institutions worldwide. This book addresses the multiple elements that influence the sustainability of pension systems with a special focus on central and eastern European countries. Supported by the results of econometric empirical studies, the authors discuss and analyse areas like social economy versus capitalist economy, globalization versus glocalization, population aging versus birth and fertility, emigration versus immigration, early retirement versus prolongation versus professional activity, the sustainability of public pension systems versus the adequacy of benefits provided, public pension systems compared to private pension funds and taxation of salary incomes versus subsidization of state social insurance.
Financial Sustainability in US Higher Education: Transformational Strategy in Troubled Times
by Marcel J. DumestreThis book is a practical approach to insuring financial sustainability of US colleges, presented through the lens of organizational strategic thinking. The book does not simply offer models of how colleges can become financially sustainable in cost cutting, online education, international student recruiting, etc. Rather, it presents a succinct historical perspective of how foundational problems emerged, how some universities transformed themselves, and introduces an organizational strategic thinking process that can be used to develop unique solutions for almost any institution.
Financial Sustainability in Public Administration: Exploring the Concept of Financial Health
by Manuel Pedro Rodríguez BolívarThis book analyses the methods used to assess financial sustainability as defined by the International Federation of Accountants (IFAC). Recently, there have been calls to consider sustainability as a fundamental guiding principle in public management. The financial and economic crisis has spurred a demand for greater financial sustainability in public administrations. Although the concept of sustainability has been traditionally associated with three dimensions (environmental, social and economic), this book is focuses on the metrics used to evaluate financial sustainability and explores the concept of financial health. It will be of interest to researchers and academics in the field of financial sustainability.
Financial Sustainability in Public Administration: Exploring the Concept of Financial Health
by Manuel Pedro Rodríguez BolívarThis book analyses the methods used to assess financial sustainability as defined by the International Federation of Accountants (IFAC). Recently, there have been calls to consider sustainability as a fundamental guiding principle in public management. The financial and economic crisis has spurred a demand for greater financial sustainability in public administrations. Although the concept of sustainability has been traditionally associated with three dimensions (environmental, social and economic), this book is focuses on the metrics used to evaluate financial sustainability and explores the concept of financial health. It will be of interest to researchers and academics in the field of financial sustainability.
Financial Supply Chain: Optimierung von Working Capital und Cashflow
by Heinz-Jürgen KlepzigUnternehmensprozesse müssen ausreichend Cash generieren, sonst ist das Unternehmen betriebswirtschaftlich nicht in Balance und schnell in seiner Existenz gefährdet. Die Prozessgestaltung wird jedoch in vielen Unternehmen zu wenig monetär bewertet und betriebswirtschaftlich hinterfragt. Es gilt, diese Finanzströme – von der Kreditwürdigkeitsprüfung bis zum Zahlungseingang – zu optimieren und den Cash-to-Cash-Cycle zu beschleunigen. Im Rahmen des Working Capital-Managements ist das Freisetzen von im Working Capital gebundener Liquidität in den derzeitigen turbulenten VUCA-Zeiten zu einem der Top-Themen von Führungskräften geworden. Dieses Buch zeigt praxisorientiert vor dem Hintergrund aktueller Lieferkettenprobleme sowie Kaufzurückhaltung der Kunden, wie Unternehmen ihre Zukunftsfähigkeit durch aktives Working Capital-Management und Optimierung des Cashflows sichern können.Für die 4., erweiterte und überarbeitete Auflage wurden die Themen Supply Chain Financing, Lieferkettengestaltung und Liquiditätsbetrachtung im Rahmen von Cashflow-Rechnungen mit aufgenommen. Zwei neue Kapitel widmen sich den Themen Risikomanagement und Resilienz sowie Digitalisierung der Supply Chain.Der InhaltWirkung und Relevanz von Working CapitalVerbesserung der Financial Supply Chain durch ProzessmanagementKonzepte zu Working Capital-Analyse und -ManagementKPIs und Cashflow-RechnungHandlungsleitlinien im Risikofall
Financial Supervision in the 21st Century
by A. Joanne Kellermann, Jakob Haan and Femke VriesThe financial crisis prompted financial supervisors to take a critical look at their own performance. The "toolkit" available to supervisors is considerably more varied than it was a few years ago. Supervision has become more forward-looking, taking into account also soft controls, such as ‘conduct and culture’, corporate governance, and business models of financial institutions. This collection of essays discusses several significant changes in supervision methods and supervisory organisations and examines what methods contribute to ‘good supervision’ and what can reasonably be expected of supervisors. The authors are experts in the field and most of them are affiliated to organisations responsible for financial supervision.
Financial Structures and Regulation: A Comparison Of Crises In The Uk, Usa And Italy (Palgrave Macmillan Studies in Banking and Financial Institutions)
by A. RoselliA survey of past financial crises, starting with the great banking collapses of the interwar period. The current turmoil has prompted a number of questions regarding both its origins and ways to avoid its repetition. The historical background and the evolving institutional framework of banking and financial systems are at the center of this book.
Financial Structure in Small Business: Theory, Tests and Applications (Lecture Notes in Economics and Mathematical Systems #320)
by Dominicus van Wijst46 4. 2 Assumptions and definitions 48 4. 3 Single period models 4. 3. 1 Introduction: the MM-position 48 4. 3. 2 The effect of risk of default and limited liability 50 53 4. 3. 3 The effect of bankruptcy costs 4. 3. 4 The effect of agency costs 58 4. 3. 5 The effect of informational differences 60 4. 4 Multi-period models 63 4. 4. 1 Introduction: additional assumptions and redefinitions 63 65 4. 4. 2 The MM-position 67 4. 4. 3 The effect of limited liability and the risk of default 4. 4. 4 The effect of bankruptcy costs 70 4. 4. 5 The Scott model 72 4. 4. 6 Some extensions of the Scott model 76 4. 5 Conclusions 79 Appendix to chapter 4 82 83 5 Determinants from the practice of small business finance 83 5. 1 Introduction and overview 5. 2 Determinants related to the firm's internal characteristics 85 5. 3 Determinants related to the firm's external relationships 91 6 A comparison and evaluation of both sources 94 6. 1 Comparison and evaluation 94 6. 2 Summary and empirical implications 98 PART III : EMPIRICAL ANALYSES IN SMALL BUSINESS 7 Analyses of samples of individual firms 103 7. 1 Introduction 103 7. 2 Data 104 7. 3 Hypotheses and variables 107 7. 4 Specification and estimation results 113 IV 8 Analyses of industry averages in retailing 131 8. 1 Introduction 131 8. 2 Data 132 8.
Financial Structure and Stability (Contributions to Economics)
by Alexander KarmannThe basic question of this book is what we can learn from empirical as well as theoretical analysis of financial systems, differing cross-sectional and changing structually over time, with respect to the issue of stability of financial systems. Part I of the book deals with stability issues in a globalizing financial world and addresses topics of convergence, domestic policy, financial bubbles, crises and international coordination. Part II is on banking systems. Country specific adoption and restructuring of (universal but also separation) banking systems are key problems for the industrialized economies, while catching-up is of major concern for the economies in transition. Feeble regional economies and subsidized banking is at the heart of the vivid dispute on public sector banking being taken up in Part III. The last Part is devoted to resource-oriented approaches in quantifiying financial development and risk of sovereign default.
Financial Strategies in Competitive Markets: Multidimensional Approaches to Financial Policies for Local Companies (Contributions to Finance and Accounting)
by Hasan Dinçer Serhat YükselAs globalization continues to rapidly evolve, economic borders between countries have practically disappeared. One effect is that nowadays companies can access new markets by investing in other countries. This offers an important advantage especially for international and large-scale companies. However, one result is the increased market competition. Small-scale local firms and SMEs have to compete with international firms and corporations that have significantly more resources. This competitive environment jeopardizes the sustainability of the smaller companies, which often are driven out of business by the more powerful global players. This book discusses financial strategies for small and middle size companies to increase their competitiveness in the global markets.