Business Science Reference Innovative Strategies for Implementing FinTech in Banking

Product Description FinTech is encouraging various new practices, such as diminishing the use of cash in different countries, increasing rate of mobile payments, and introducing new algorithms for high-frequency trading across national boundaries. It is paving the way for new technologies emerging in the information technology scene that allow financial service firms to automate existing business processes and offer new products, including crowdfunding or peer-to-peer insurance. These new products cater to hybrid client interaction and customer self-services, changing the ecosystem by increasing outsourcing for focused specialization by resizing and leading to new ecosystems and new regulations for encouraging FinTech. However, such new ecosystems are also accompanied by new challenges.Innovative Strategies for Implementing FinTech in Banking provides emerging research exploring the theoretical and practical aspects of technology inclusion in the financial sector and applications within global financing. It provides a clear direction for the effective implementation of FinTech initiatives/programs for improving banking financial processes, financial organizational learning, and performance excellence. Featuring coverage on a broad range of topics such as artificial intelligence, social financing, and customer satisfaction, this book encourages the management of the financial industry to take a proactive attitude toward FinTech, resulting in a better decision-making capability that will support financial organizations in their journey towards becoming FinTech-based organizations. As such, this book is ideally designed for financial analysts, finance managers, finance administrators, banking professionals, IT consultants, researchers, academics, students, and practitio About the Author Yousif Al-Bastaki received a BSc. degree from University of Bahrain, Msc from University of Leeds, UK and a PhD degree from University of Nottingham, UK. Recently he has been appointed as an IT advisor at the Deputy Prime Minster at the Kingdom of Bahrain and previously worked as the Dean of College of IT at the University of Bahrain. Currently he is an Associate Professor and the Dean of Admission and Registration at the University of Bahrain. His research interests are Neural Networks, genetic algorithms E-Learning, Distance Education and e-government strategies and implementation.