Fintech is changing the landscape of the Financial Industry with innovative technologies, lower costs, faster processing speeds, customer engagement, and seamless customer experience. Banks and Financial institutions face high competition from fintech firms, which essentially offer the same products at lower cost and provide superior customer experience. This book will explore the role of these transformational technologies in areas such as payment systems, financial regulation, crowdfunding, robotic investments, and cryptocurrencies. Blockchain technology has powered the rise of bitcoins and other digital currencies. Blockchain technology has gained prominence and has been widely adopted in several industries in recent years due to its unique characteristics, such as decentralization, security, immutability, cryptography, and censorship resistance. This book will additionally include valuations of cryptocurrencies, investments, risks, and the role of multinational Institutions and regulatory agencies in participating in this new wave of digital money.
