FinTech Innovation: From Robo-Advisors to Goal Based Investing and Gamification (The Wiley Finance Series) - Hardcover

Sironi, Paolo

Hardcover

ISBN 10: 1119226988 ISBN 13: 9781119226987

Publisher: Wiley, 2016

Synopsis

A survival guide for the FinTech era of banking

FinTech Innovation examines the rise of financial technology and its growing impact on the global banking industry. Wealth managers are standing at the epicenter of a tectonic shift, as the balance of power between offering and demand undergoes a dramatic upheaval. Regulators are pushing toward a 'constrained offering' norm while private clients and independent advisors demand a more proactive role; practitioners need examine this banking evolution in detail to understand the mechanisms at work. This book presents analysis of the current shift and offers clear insight into what happens when established economic interests collide with social transformation. Business models are changing in profound ways, and the impact reaches further than many expect; the democratization of banking is revolutionizing the wealth management industry toward more efficient and client-centric advisory processes, and keeping pace with these changes has become a survival skill for financial advisors around the world.

Social media, big data analytics and digital technology are disrupting the banking industry, which many have taken for granted as set in stone. This book shatters that assumption by illustrating the massive changes already underway, and provides thought leader insight into the changes yet to come.

• Examine the depth and breadth of financial technology

• Learn how regulations are driving changing business models

• Discover why investors may become the price-makers

• Understand the forces at work behind the rise of FinTech

Information asymmetry has dominated the banking industry for centuries, keeping the bank/investor liability neatly aligned—but this is changing, and understanding and preparing for the repercussions must be a top priority for wealth managers everywhere. Financial Innovation shows you where the bar is being re-set and gives you the insight you need to keep up.

About this title

About the Author

PAOLO SIRONI is a global thought leader for Wealth Management and Investment Analytics at IBM, where he is responsible for promoting quantitative methods, Goal Based Investing (GBI) and digital solutions for financial advisory. His expertise combines financial services and technology and spans over a number of areas, including wealth management, asset management, risk management and FinTech innovation. Prior to IBM, he founded a FinTech startup that provided GBI portfolios to wealth managers. This venture subsequently became a part of IBM following the acquisition of funding partner Algorithmics, a world leader of risk management and investment analytics. Paolo possesses a decade-long risk management expertise; he was previously head of market and counterparty risk modeling at Banca Intesa Sanpaolo. He is the author of Modern Portfolio Management: From Markowitz to Probabilistic Scenario Optimisation, and contributing author to The FinTech Book.

From the Back Cover

Innovation in financial technology has only begun to disrupt the wealth management industry, and is leading to a tectonic shift whereby investors and tech-savvy financial advisors can become the new price-makers in the global democratization of banking. FinTech Innovation delves deep beyond simply describing the disruption examining, in detail, the underlying processes to illuminate exactly what is happening and why it’s happening so that you can engage with and thrive in the new marketplace.

Through a behind-the-scenes look at Robo-Advisors and their part in the turnkey, low-cost personalization of Goal Based Investing, this cutting-edge guide opens a tangible path for using technology to gain a competitive advantage, establish your value as a human advisor and “rewire” investors’ minds to positively engage with investing.

If you want to implement efficient, personalized investing, you want FinTech Innovation at your side.

This authoritative guide from a global expert on quantitative financial analysis and digital technology pulls back the curtain to reveal:

• What Robo-Advisors are today and how they will evolve
• How human financial advisors can optimize their businesses in response to regulations, customer demand and technology
• What gamification has to do with investing, and why it can produce better investors
• Where you need to rethink what you know about investing and let technology do the work.

From the Inside Flap

Innovation in financial technology has only begun to disrupt the wealth management industry, and is leading to a tectonic shift whereby investors and tech-savvy financial advisors can become the new price-makers in the global democratization of banking. FinTech Innovation delves deep beyond simply describing the disruption examining, in detail, the underlying processes to illuminate exactly what is happening and why it's happening so that you can engage with and thrive in the new marketplace.

Through a behind-the-scenes look at Robo- Advisors and their part in the turnkey, low-cost personalization of Goal Based Investing, this cutting-edge guide opens a tangible path for using technology to gain a competitive advantage, establish your value as a human advisor and "rewire" investors' minds to positively engage with investing.

If you want to implement efficient, personalized investing, you want FinTech Innovation at your side.

This authoritative guide from a global expert on quantitative financial analysis and digital technology pulls back the curtain to reveal:

• What Robo-Advisors are today and how they will evolve
• How human financial advisors can optimize their businesses in response to regulations, customer demand and technology
• What gamification has to do with investing, and why it can produce better investors
• Where you need to rethink what you know about investing and let technology do the work.

Edition details

• Publisher: Wiley
• Publication date: 2016
• Language: English
• ISBN 10: 1119226988
• ISBN 13: 9781119226987
• Binding: Hardcover
• Edition number: 1
• Number of pages: 184