This incisive book presents a critical evaluation of fintech, the use of technology to provide financial services. While fintech has been hailed as a game changer and a disruptor, Imad Moosa illustrates critical similarities between the present popularity of fintech and the dot-com hype of the early 2000s.
Presenting a detailed account of the growth of the technology used in the provision of financial services, the book offers an expansive introduction to the fintech industry as it exists and functions in the 21st century. Moosa advances an in-depth assessment of the costs and benefits of financial technologies, debunking popular myths, highlighting the risks that necessitate regulation, and examining fintech-related fraud. In investigating the propaganda used to justify the 'war on cash' and glorify cryptocurrencies, the book considers whether fintech is an evolution or a revolution, ultimately characterising fintech as a transitory hype.
Utilising empirical data and topical case studies to underpin its analysis of fintech, this timely book will be an invaluable resource for academics interested in financial technology. Its investigation into proliferating regulatory problems brought about by the emergence of small firms will also prove beneficial to politicians and policymakers.
Industry Reviews
'It would be nice to think that in academic circles, where much teaching of the new world of banking and financial services takes place, a book like this becomes de rigueur reading for all on all sides of the teaching and learning fence. Indeed, a wonderful book that superbly treats this fascinating reality of today's FS world. Very strongly recommended.' -- John Consiglio, University of Malta, Malta
'Moosa leads the reader through a fresh, insightful investigation of what fintech is and isn't. For everyone interested in understanding the evolution/revolution of the developments of the use (and potential abuse) of technologies across the breadth of our global financial sectors, Moosa's in depth, well referenced, and easy-to-read book is the best source available. A "must have" for the bookshelf!' -- Ronald D. Ripple, Mervin Bovaird Professor of Energy Business and Finance (retired), University of Tulsa, US
'Professor Moosa brings his analytic skills and extensive research experience to bear on the evolution and promise of fintech. His lucid writing and analysis explores the rise of fintech with particular reference to the growth of cryptocurrencies and the evolution of the financial economy. He analyses the war on cash and the benefits and costs of the use of computing. The book is replete with real world examples and draws some startling conclusions. I strongly recommend it to practitioners, researchers and scholars.' -- Greg O'Brien, La Trobe University, Australia
