The Digital Revolution in Banking, Insurance and Capital Markets  book cover
1st Edition

The Digital Revolution in Banking, Insurance and Capital Markets

  • Available for pre-order. Item will ship after February 22, 2023
ISBN 9781032315072
February 22, 2023 Forthcoming by Routledge
272 Pages 42 B/W Illustrations

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USD $160.00

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Book Description

The digital transformation of finance and banking enables traditional services to be delivered in a more effective and efficient way but, at the same time, presents crucial issues such as fast growing new asset classes, new currencies, datafication and data privacy, algorithmization of law and regulation and, last but not least, new models of financial crime. This book approaches the evolution of digital finance from a business perspective and in a holistic way, providing cutting-edge knowledge of how the digital financial system works in its three main domains: banking, insurance and capital markets. It offers a bird’s eye view of the major issues and developments in these individual sectors. The book begins by examining the wider framework of the subsequent analysis and over the next three parts, discusses the opportunities, risks and challenges facing the digitalization of these individual financial subsectors, highlighting the similarities and differences in their digitalization agenda, as well as the existing linkages and dependencies among them. The book clarifies the strategic issues facing the development of digital finance in these major subsectors over the coming years. The book has three key messages: that digital transformation changes fundamentally the way financial businesses operate; that individual trades have their own digitalization agenda; and that the State with its regulatory power and central banking and money has a particularly important role to play. It will be of interest to scholars, students and researchers of finance and banking, as well as policymakers wishing to understand the values and limitations of new forms of digital money.

Table of Contents

List of Figures

List of Tables

List of Contributors

Introduction - Lech Gąsiorkiewicz, Jan Monkiewicz

Digital finance glossary - Jan Monkiewicz, Marek Monkiewicz

Part 1 The framework

Ch.1 Digital transformation of finance: regulatory issues and challenges -Monkiewicz Jan

Ch.2 The Digital Finance in Central Banking-Jasiński Leszek

Ch.3 Digital transformation of financial institutions - Kotarba Marcin

Part 2 Digital banking

Ch.4 Central bank in the age of digital finance –Szpunar Piotr, Żuk Piotr

Ch.5 Commercial banking: drivers of accelerated digitalization - Kasiewicz Stanisław, Kurkliński Lech

Ch.6 Open banking: what does open banking open? –Kotarba Marcin

Ch.7 Techfins and the banking system: rising battlefield - Kurkliński Lech, Kasiewicz Stanisław

Part 3 Digital insurance

Ch.8 Digitalisation of Insurance: New Values, New Challenges-Monkiewicz Jan, Monkiewicz Marek

Ch.9 Internet of things in insurance. Quo vadis? - Kruk Marta, Gąsiorkiewicz Lech

Ch.10 Telematics in motor insurance: new opportunities and challenges for insureds - Monkiewicz Marek, Śliwiński Adam

Ch.11 Big data analytics in insurance: what is on offer -Szaniewski Daniel

Part 4 Digitalization of capital markets

Ch.12 Smart contracts and artificial intelligence– Dziedzic Magdalena

Ch.13 Development of cryptoassets and its wider impact–Ciupa Katarzyna

Ch.14 Digitalisation of reporting standards on the capital markets -Szymanek Arkadiusz, Wiśniewski Tomasz

Ch.15 The Growing role of non-financial reporting in the age of digital finance-Sobczak Lidia


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Lech Gąsiorkiewicz is a Professor of Finance at Warsaw University of Technology, Poland.

Jan Monkiewicz is a Professor of Financial Management at Warsaw University of Technology, Poland.