Joshi Digital Finance, Bits and Bytes

The Road Ahead
1. Auflage 2020
ISBN: 978-981-15-3431-7
Verlag: Springer Nature Singapore
Format: PDF
Kopierschutz: 1 - PDF Watermark

E-Book, Englisch, 224 Seiten

Reihe: Progress in Mathematics

The book encompasses the broad field of e-Finance and its transformation. After reviewing the developments in the economic and the technology fields, it examines how the insurance, banking, and securities trading firms are bringing about the digital revolution and adapting in the same breath to the changed socio-economic environment. Add to it, the 'Rogue Elements', the field of cyber crimes is covered on a priority basis. The book also covers the inevitable changes in fields of HR and Marketing and the crucial role of the regulators. Looked at through the eyes of Corporate Planner, the book does provide a road map for the financial institutions (FIs).

V. C. Joshi, a graduate in Economics, Cambridge U.K. worked with Bank of India and was the General Manager UK Operations. He was the director of National Insurance Academy. His published works include Managing Indian Banks: The Challenges Ahead, E-Finance: The Future is Here, and a  report for Council of World Affairs on MFIs.

Autoren/Hrsg.

Joshi, Vasant Chintaman

Inhaltsverzeichnis

1;Preface;6
2;Contents;10
3;List of Figures;13
4;List of Tables;14
5;Chapter 1: A Brief Review: Socio-Economic Changes;15
5.1;Introduction;15
5.2;How it Got Here;16
5.3;Socio-Economic Factors;22
5.4;Nationalism vs. Globalization;24
5.5;Regulation vs. Deregulation;25
5.6;Demographic Changes;25
5.7;Lack of Trust in FIs;26
5.8;Concerns Among Staff Members;27
6;Chapter 2: Technology Challenges: Impact Assessment;31
6.1;Technology Trends;36
6.2;Big Data Analytics;39
6.3;Big Data Implementation: Review of Best Practices;41
6.4;Cloud Computing;43
6.5;Artificial Intelligence and Machine Learning;44
6.5.1;Rise of AI in Financial Services;44
6.6;Augmented and Virtual Reality;48
6.7;Distributed Ledger Technology;50
7;Chapter 3: The Internet: Engine for Change;52
7.1;The FIs and the Internet;55
7.2;Internet of Things;58
7.3;Search Engines;59
7.4;Pricing of Internet Services;60
7.5;Regulation of the Internet;60
8;Chapter 4: E-Insurance;66
8.1;Smart Contract;70
8.2;Technology Challenge;70
8.3;Sharing Economy;74
8.4;Micro Insurance;77
8.5;On-Demand Insurance;83
9;Chapter 5: E-Banking;84
9.1;Disruptive Technology;87
9.2;Inclusive Banking;92
9.3;Open Banking Movement;94
9.4;Internet Banking;96
9.4.1;Stand Alone E-Banks;97
9.5;Digital Banking;98
10;Chapter 6: E-Trading;100
10.1;High Frequency Trading;102
10.2;Passive Market Making;103
10.3;E-Trading in Government Securities and Fixed Income Securities;104
10.4;Foreign Exchange (ForEx) Trading;109
10.5;The Libor Manipulation;110
11;Chapter 7: Cyber-Crimes and -Laws;112
11.1;Cyber-Laws: Criminal;117
11.2;EU Regulatory Laws—GDPR;118
11.3;Cyber-Laws: Civil;120
11.4;Questions of Jurisdiction;121
11.5;Contractual Aspect;122
11.6;Evidence Aspect;123
11.7;Intellectual Property Aspect;124
11.8;Cryptographic Tools;125
12;Chapter 8: General Risk Management;129
12.1;Risk Management for E-Banking and E-Insurance;133
12.2;The Insurance Sector;136
12.3;Strategic Risks;137
12.4;Operational Risks;138
12.5;Transaction Risks;138
12.6;Data Security Risks;138
12.7;Connectivity Risks;139
12.8;Conduct of Business Risks;139
12.9;Alternate Systems of Trading;140
13;Chapter 9: Cyber-Risk Management;142
13.1;Risk Management Programs for Information Risk Management;145
13.2;Organizational Response;145
13.3;Collaboration;146
13.4;Cyber-Security Assessment Tool;147
13.4.1;Sound Governance;150
13.4.2;Data Breaches;151
13.4.3;2018 Cyber-Risk Landscape;154
13.5;Regulation;154
13.5.1;Business E-mail Compromise;155
13.5.2;IoT Devices;155
13.5.3;Third Party Supply Chains;156
13.5.4;Geo Political Conflict;156
13.5.5;Bank of England;160
13.5.6;Operational Resilience;160
14;Chapter 10: Human Resource Management;162
14.1;Preparing for the Challenges Ahead;162
14.2;SWOT Analysis;165
14.3;Proposed Organizational Set-up;170
14.4;Staff Strenght—Change Required;174
15;Chapter 11: E-Marketing;176
15.1;Digital Marketing;176
15.2;Section 1;176
15.3;Section 2;178
15.3.1;Interactive Teller Machines;181
15.3.2;Service Terminals;181
15.3.3;Video Conference Rooms;181
15.3.4;Interactive Screen Walls;182
15.4;Preparing for the Quantum Leap;185
15.4.1;Marketing Objectives;192
15.4.2;Evaluation of Strategies;193
15.4.3;Grievance Redressal;194
15.4.4;Market Turbulence;195
16;Chapter 12: Regulating Banks and Insurance Companies;201
17;Chapter 13: The Road Ahead: Alternative Model Digitization and Required Developments;208
18;References;210
19;Index;216