1st Edition

Fintech Frontier and Beyond

By Zhong Xu, Chuanwei Zou Copyright 2022
    326 Pages 36 B/W Illustrations
    by Routledge

    326 Pages 36 B/W Illustrations
    by Routledge

    Fintech, the integration of technology into the delivery of financial services, has revolutionized the world of Finance. This book introduces a new framework to study the concepts that underly Fintech while examining the driving forces and underlying logic behind Fintech-based innovation and predicting the future development of Fintech.

    The first three parts of the book cover the development and basics of Fintech and its relationship with inclusive finance, while later parts constitute a deep dive into several core issues surrounding Fintech. First, the book introduces an economic explanation of blockchain and its application in various scenarios based on the token paradigm. Second, it studies digital currency and discusses its impacts on payment systems, financial inclusion, monetary policy, and financial stability. Third, the authors explore how to build a compliant and effective market for data while protecting data privacy, impinging on the future development of AI application, the digital economy, and Fintech. Fourth, the book examines public policies related to Fintech, including regulatory technology, the regulation of financial activities of Big Tech companies, and how to promote financial inclusion.

    The title will appeal to scholars, students, and financial practitioners and regulators in a broad range of areas including economics, finance, technology, and public policy, especially Fintech, blockchain, and digital currency.

    Part 1 The Development of Fintech  1. The Impacts of Fintech on Financial System and Financial Regulation  2. Fintech Development and Police Responses  3. The Art of Balancing Finance and Technology  Part 2 The Infrastructure and Core Elements of Fintech  4. Fintech Infrastructures  5. How to Establish a Compliant and Effective Data Market?  6. Platformization of Banking Business from the Perspective of Open Banking  Part 3 The Relationship Between Fintech and Inclusive Finance  7. Adopting Fintech to Fight Poverty  8. The Future of Inclusive Finance  9. The Heathy Development of Internet Consumer Finance  Part 4 Blockchain: Core Issue in Fintech  10. What Can Blockchain Do and Can't Do?  11. Blockchain as the Internet of Information  12. Blockchain, Internet of Things and the "New Infrastructure"  13. The Logic and Mechanism of Blockchain's Application in Post-trade Processing  Part 5 Digital Currency Innovation  14. Literature Review on Digital Currencies  15. Controversies Surrounding Cryptocurrencies  16. Why Libra Changes its Original Design 17. The Design Choice for CBDC: Wholesale versus Retail  18. Application of Multi-CBDC Bridge in Cross-border Payments  19. Innovation of Special Drawing Right in the Era of CBDC  20. The Design of eCNY and its Impacts on China's Monetary and Payment Systems  Part 6 Regtech and Regulation on Big Tech Companies' Financial Businesses  21. Development and Application of Regtech  22. Economic Analysis of Regtech  23. Big Tech Companies' Challenges to the Financial System  24. Implications of CMA Regulation in America for China's Fintech Regulation


    Zhong Xu is the Deputy Secretary General of National Association of Financial Market Institutional Investors (NAFMII), China.

    Chuanwei Zou is the chief economist of Wanxiang Blockchain. He specialises in Fintech, banking, and financial regulation. He was the winner of the 1st Sun Yefang Prize for Financial Innovation (China’s top prize for economists) in 2015 for his research on Fintech.