Key Features

• Illustrates key concepts using business process and technical architecture diagrams

• Explains basic theory that is supported with practical examples and case studies

• Examines banking-related topics including core banking systems, payments, and cash management

• Reviews financial markets topics including equity, foreign exchange, and derivatives trading

• Covers other key business considerations such as cybersecurity, customer relationship management, risk management, and regulation

Chapter Summaries

Chapter

1. Introduction: Provides an overview of financial institutions’ structures, key business drivers, technology innovations, and challenges in aligning stakeholders.

Fintech Foundations

2. Business Process Management: Explores methods for optimizing processes to improve agility, efficiency, and customer experience in financial services.

3.  Architecture: Discusses foundational architecture principles, including scalability, security, and resilience, and covers cloud and distributed ledger technology.

4. Technology Solution Delivery: Details strategies and processes for delivering IT solutions, focusing on risk management and agile methodologies.

5. Technology Infrastructure and Operations: Covers components of IT infrastructure, operational resilience, cloud platforms, and DevOps.

6. Data Analytics: Introduces data analytics applications in finance, including time series analysis, Monte Carlo simulation, and machine learning.

Banking Technology

7. Banking Contexts: Reviews business models in banking and emerging trends like digital banks and open banking.

8. Deposits and Cash Management: Examines deposit-taking, cash management, core banking, and digital currency developments.

9. Lending and Debt Collection: Analyzes lending processes, risk management, and technological innovations in lending.

10. Payments: Discusses payment systems, including domestic, cross-border, mobile, and blockchain-based payments.

11. Trade Services and Finance: Details services related to trade finance and the lifecycle of letters of credit.

12. Treasury and Foreign Exchange: Covers FX trading, clearing, and the lifecycle of FX swaps, alongside business opportunities and challenges.

13. Treasury Derivatives: Reviews OTC derivative instruments, clearing, and the role of smart contracts in derivative transactions.

Financial Markets Technology

14. Capital Markets Contexts: Examines the structure of capital markets, market participants, and data distribution.

15. Asset Management: Discusses asset management processes, including investment strategy and the role of DeFi.

16. Financial Market Infrastructure: Focuses on market structures, order matching, and the role of exchanges in clearing and settlement.

17. Financial Markets Intermediaries: Explores trading system architectures, algorithmic trading, and market-making activities.

Risk Management and Regulation

18. Risk and Regulatory Contexts: Analyzes risk management frameworks and regulatory requirements within financial institutions.

19. Market Risk Management: Provides an overview of market risk measurement and management, including VaR and stress testing.

20. Credit Risk Management: Details credit assessment, scorecard modeling, and risk management practices.

21. Operational and Compliance Risk Management: Covers operational risks, compliance requirements, and fraud prevention.

Cross-functional Considerations

22. Channels and Customer Relationship Management: Explores CRM strategies, digital channels, and customer segmentation.

23. Cybersecurity: Discusses cybersecurity threats, frameworks, and architecture considerations to protect financial institutions.

24. New Horizons: Looks at emerging technologies such as decentralized finance, AI, and quantum computing, and their impact on financial services.

What Industry Professionals Have to Say

"Financial Services Technology provides important insights on business context and technical considerations for Fintech solutions. Randy's experience in Fintech and banking enables him to explain how financial institutions can use technology to create innovative business solutions." - Kathleen DeRose, Academic Director, MS in FinTech Program at NYU Stern School of Business

"Financial Services Technology provides a clear and concise explanation of how banks and Fintech companies can use technology to reduce credit risk and improve their business.” - Naeem Siddiqi, author of Intelligent Credit Scoring

"Randy has been a global leader in technology innovation for over three decades. His book provides critical insights into how technology is reshaping the world of financial services, together with the real-world risks and challenges that come with change." - Greg Lee, Managing Director of Securities Business Development at Paxos

Financial Services Technology is an invaluable resource for startups entering the fintech space and for incumbents that want to stay up to date with innovation in the industry. Randy has captured the essence of financial technology and provided a practical guidebook" - Yunus Sevimli, Chief Technology Officer at Almond FinTech

“The Third Edition of Financial Services Technology is exceptionally well-crafted. The latest developments in Fintech are interwoven into each chapter, creating an integrated view of industry foundations and practices.” - Steven Miller, Professor Emeritus and former Dean of the School of Information Systems at Singapore Management University

How to Purchase

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