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  • © 2018

FinTech Revolution

Universal Inclusion in the New Financial Ecosystem

Palgrave Macmillan
  • Addresses the economic and technological changes that are enabling consumers to divorce or leapfrog traditional financial services and examines the main drivers of change since the 2008 financial crisis
  • Explores current developments which will form the springboard for future finance, with a focus on new technologies and emerging markets
  • Draws on the authors' experience and research building future state financial technology to paint a holistic picture of the near and mid-term future opportunities presented by the financial technology and inclusion revolution

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Table of contents (26 chapters)

  1. Front Matter

    Pages i-xv
  2. The Un-bank, Part I

    1. Front Matter

      Pages 1-2
    2. Ecosystem vs Egosystem and Revolution vs Evolution

      • Sofie Blakstad, Robert Allen
      Pages 3-17
    3. What’s the Point of Banks?

      • Sofie Blakstad, Robert Allen
      Pages 19-39
    4. The Death and Resurrection of Capital Markets

      • Sofie Blakstad, Robert Allen
      Pages 41-64
  3. The Un-bank, Part II

    1. Front Matter

      Pages 65-65
    2. New Payments Landscape

      • Sofie Blakstad, Robert Allen
      Pages 67-85
    3. Central Bank Digital Currencies and Cryptocurrencies

      • Sofie Blakstad, Robert Allen
      Pages 87-112
    4. Shifting Values in the Connected Economy

      • Sofie Blakstad, Robert Allen
      Pages 113-119
    5. Leapfrogging Banks in Emerging Markets

      • Sofie Blakstad, Robert Allen
      Pages 121-132
  4. The Un-bank, Part III

    1. Front Matter

      Pages 133-133
    2. Alternative Wealth: The Cow in Your Pocket

      • Sofie Blakstad, Robert Allen
      Pages 135-145
    3. New Standard Models for Banking

      • Sofie Blakstad, Robert Allen
      Pages 147-166
    4. The Money Revolution: Recycling Value to Drive Sustainability

      • Sofie Blakstad, Robert Allen
      Pages 167-181
    5. Green Fintech

      • Sofie Blakstad, Robert Allen
      Pages 183-199
    6. SME Microfinance, Fractional Ownership and Crowdfunding

      • Sofie Blakstad, Robert Allen
      Pages 201-213
    7. International Sustainable Investment

      • Sofie Blakstad, Robert Allen
      Pages 215-226
  5. Future Business, Part IV

    1. Front Matter

      Pages 227-228
    2. Services and Demand

      • Sofie Blakstad, Robert Allen
      Pages 229-242
    3. Platform Consumers

      • Sofie Blakstad, Robert Allen
      Pages 243-259

About this book

This book is a practical guide to the evolving landscape of finance, highlighting how it’s changing our relationship with money and how financial technology, together with macroeconomic and societal change, is rewriting the story of how business is done in developing economies. Financial services companies are trying to become more customer focused, but struggling to help huge customer segments, particularly in developing economies.  Alternative financial models and tools are emerging, which are being embraced by consumers and incumbents.  In large parts of the developing world, alternative services are leapfrogging traditional finance, meaning more and more people have access to finance without ever needing a bank. Meanwhile, the barriers around financial services companies are crumbling, as they become more reliant on integration with new providers and alternative types of service.  Financial products can no longer be viewed in isolation, but as part of a service landscape that supports how people do life.  This means rethinking how our businesses are designed, motivated and organised, and letting go of the old ways of thinking about supply and demand. With practical steps businesses and, in particular, financial services organisations need to take to participate in a global service ecosystem, this book will be of interest to financial professionals who work in banking, financial technology, and development finance.  

Reviews

“When two true entrepreneurs, financial experts and tech-nerds such as Sofie Blakstad and Robert Allen write a book about fintech and the massive transformation of financial services, you should want to own that book. The industry is changing rapidly because of new technology and we are still in the beginning. This book lays out both how financial institutions and fintechs are evolving, the role technology plays and the broader trends impacting consumer behavior. It also – very importantly – gives a clear vision of the future. I highly recommend this book to anyone with an interest in the landscape of finance and technology, how it is changing and the impact it will have on all our lives. If you are a professional in the industry, this book should be mandatory reading.” (Thomas Krogh Jensen, CEO, Copenhagen Fintech)

Authors and Affiliations

  • hiveonline, Copenhagen, Denmark

    Sofie Blakstad, Robert Allen

About the authors

Sofie Blakstad is the CEO of transformational financial technology company hiveonline, which levels the competitive environment for small and micro businesses, expands sustainable investment and promotes community engagement, founded after a career building and transforming international banks. Her banking build expertise spans technology and business transformation programmes involving thousands of people in over 60 countries. Her blueprint for service aligned banks is the subject of her first book, Why Change? (2013). Sofie is an advisor to the G7 and G20 groups, the United Nations Environment Programme, and various governments and central banks on fintech, identity, trust and blockchain.


Robert Allen is an engineer and payments specialist, spending much of his career delivering major transformation programmes in international banks. More recently he has co-founded the Digital Asset Services practice for PwC and built the revolutionary Vulcan blockchain platform.  Rob is passionate about financial inclusion and has been targeting use cases for his platform to support financially under-served populations with new models based on digital identity, cryptocurrency and blockchain. Rob advises UNEP on blockchain and cryptocurrencies, is a board member of the Australian Payments Council, and is a mentor and advisor to numerous fintech startups.  A keen advocate of marine conservation issues, Rob is also a director of the Shark Conservation Society.




Bibliographic Information

  • Book Title: FinTech Revolution

  • Book Subtitle: Universal Inclusion in the New Financial Ecosystem

  • Authors: Sofie Blakstad, Robert Allen

  • DOI: https://doi.org/10.1007/978-3-319-76014-8

  • Publisher: Palgrave Macmillan Cham

  • eBook Packages: Economics and Finance, Economics and Finance (R0)

  • Copyright Information: The Editor(s) (if applicable) and The Author(s) 2018

  • Hardcover ISBN: 978-3-319-76013-1Published: 12 June 2018

  • eBook ISBN: 978-3-319-76014-8Published: 06 June 2018

  • Edition Number: 1

  • Number of Pages: XV, 406

  • Number of Illustrations: 36 b/w illustrations, 1 illustrations in colour

  • Topics: Banking, Innovation/Technology Management

Buy it now

Buying options

eBook USD 39.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Hardcover Book USD 49.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access