| Introduction |
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1 | (1) |
| About This Book |
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1 | (1) |
| Foolish Assumptions |
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2 | (1) |
| Icons Used in This Book |
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2 | (1) |
| Beyond the Book |
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3 | (1) |
| Where to Go from Here |
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3 | (2) |
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PART 1 GETTING TO KNOW FINTECH |
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5 | (52) |
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Chapter 1 Navigating the FinTech Landscape |
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7 | (14) |
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8 | (2) |
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Analyzing FinTech's Dimensions |
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10 | (3) |
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Understanding What Has Changed in FinTech |
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13 | (2) |
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Highlighting the Size of Global FinTech |
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15 | (3) |
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Discovering a Few Important FinTech Terms |
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18 | (3) |
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Chapter 2 Understanding What's Disrupting the Financial Industry (and Why) |
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21 | (18) |
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Providing Trust and Value |
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22 | (3) |
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22 | (1) |
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23 | (2) |
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Weighing Wall Street against Silicon Valley: Where Disrupters Live |
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25 | (3) |
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Examining the Role of BigTech |
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28 | (4) |
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BigTech and payment platforms |
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28 | (1) |
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BigTech partnership opportunities |
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29 | (1) |
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How BigTech can help utilize data |
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29 | (1) |
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Barriers to greater BigTech participation |
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30 | (2) |
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Understanding Where the Disruptions Are Happening |
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32 | (4) |
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33 | (1) |
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34 | (1) |
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34 | (1) |
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Regulation and legal work |
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35 | (1) |
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36 | (1) |
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Looking for the Opportunities |
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36 | (3) |
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Partnership opportunities |
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36 | (1) |
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Exploiting digitalization with Al |
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37 | (1) |
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Enhancing data portability |
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37 | (2) |
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Chapter 3 The Role of Regulation in FinTech |
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39 | (18) |
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40 | (4) |
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Understanding that location matters |
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40 | (2) |
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Recognizing that more regulations are coming |
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42 | (1) |
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Leveling the playing field |
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42 | (2) |
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Examining Vendor Risk Issues |
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44 | (1) |
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Introducing the Regulators |
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45 | (6) |
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The United States of America |
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45 | (2) |
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The United Kingdom and Europe |
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47 | (4) |
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Investigating Regulatory Changes |
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51 | (4) |
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Payment Services Directives |
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51 | (1) |
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The General Data Protection Regulation |
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52 | (3) |
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Highlighting RegTech Opportunities |
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55 | (2) |
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PART 2 LEARNING THE TECHNOLOGY |
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57 | (166) |
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Chapter 4 Defining the Tech Underpinning FinTech |
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59 | (34) |
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60 | (2) |
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60 | (1) |
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61 | (1) |
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62 | (5) |
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Understanding the concept |
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62 | (1) |
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63 | (1) |
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Developing an API strategy |
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64 | (1) |
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65 | (1) |
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Trying tips for API success |
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66 | (1) |
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Reviewing APIs and security vulnerabilities |
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66 | (1) |
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Understanding Event-Driven Software |
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67 | (4) |
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Testing and implementation |
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69 | (1) |
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70 | (1) |
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Building on Agile: Microservices and More |
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71 | (9) |
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71 | (2) |
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73 | (1) |
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74 | (6) |
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Bundling Efficiencies: Batch Processing |
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80 | (1) |
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Improving Data Management |
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81 | (4) |
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Distinguishing the types of data |
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81 | (2) |
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Validating, enhancing, and cleansing data |
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83 | (1) |
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Making enterprise data management more efficient |
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83 | (2) |
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Working with CPUs and GPUs |
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85 | (3) |
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85 | (1) |
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86 | (1) |
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Estimating the potential improvement |
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87 | (1) |
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Choosing a Programming Language |
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88 | (5) |
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89 | (2) |
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91 | (1) |
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91 | (2) |
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Chapter 5 Confronting the Compute Conundrum |
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93 | (16) |
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Determining Compute Requirements |
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93 | (2) |
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94 | (1) |
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95 | (1) |
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95 | (9) |
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Comparing DApps to traditional applications |
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96 | (3) |
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99 | (1) |
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Knowing where to find DApps |
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100 | (2) |
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Connecting DApps, Artificial Intelligence, and FinTech |
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102 | (1) |
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Looking at permissioned blockchain |
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103 | (1) |
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Understanding Quantum Computing |
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104 | (5) |
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How quantum computing works |
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105 | (1) |
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The drawbacks of quantum computing |
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106 | (1) |
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How quantum computing fits into FinTech |
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107 | (2) |
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Chapter 6 Calling Up the Cloud |
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109 | (26) |
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Getting to Know the Cloud |
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110 | (11) |
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Looking at the cloud's key traits |
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111 | (1) |
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Checking out the benefits of the cloud environment |
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111 | (1) |
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Introducing types of cloud services |
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112 | (5) |
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Choosing between private and public clouds |
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117 | (3) |
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120 | (1) |
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Developing an Optimal Cloud Strategy |
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121 | (10) |
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Reviewing data security and encryption |
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121 | (3) |
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124 | (1) |
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Considering cloud scalability |
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125 | (1) |
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Understanding cloud-based virtualization |
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126 | (1) |
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Using self-service provisioning |
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127 | (1) |
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128 | (1) |
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Evaluating potential security risk on the cloud |
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129 | (2) |
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Understanding Privacy Compliance and Government Requirements |
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131 | (2) |
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132 | (1) |
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132 | (1) |
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133 | (1) |
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Access to information laws |
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133 | (1) |
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Seeing How FinTech Helps with Cloud Strategies |
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133 | (2) |
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Chapter 7 Understanding Blockchain beyond Bitcoin |
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135 | (16) |
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Understanding the Basics of Blockchain |
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136 | (4) |
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137 | (1) |
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Smart contracts and DApps |
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138 | (1) |
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139 | (1) |
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Discovering How Blockchain Technology Works |
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140 | (7) |
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141 | (1) |
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142 | (4) |
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146 | (1) |
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Looking at Blockchain's Role in FinTech |
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147 | (4) |
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Chapter 8 Acclimating to the App Mentality |
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151 | (12) |
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Introducing Types of FinTech Apps |
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152 | (1) |
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Surveying the FinTech App Landscape |
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153 | (2) |
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153 | (1) |
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153 | (1) |
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Payments and peer-to-peer money transfer |
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154 | (1) |
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154 | (1) |
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Looking at the Nonretail Side of FinTech Apps |
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155 | (2) |
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155 | (1) |
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156 | (1) |
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157 | (3) |
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158 | (1) |
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159 | (1) |
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Establishing the Requirements Needed in the Development of an App |
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160 | (3) |
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Chapter 9 Breaking Down Bl Tools |
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163 | (12) |
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Taking a Strategic Approach to Bl |
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163 | (2) |
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165 | (7) |
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Online analytical processing |
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165 | (2) |
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167 | (1) |
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167 | (1) |
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168 | (1) |
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Business activity monitoring |
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169 | (1) |
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170 | (1) |
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171 | (1) |
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Choosing the Right Bl Tools for FinTech |
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172 | (3) |
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173 | (1) |
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174 | (1) |
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Chapter 10 Reviewing the Role of Open Source |
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175 | (22) |
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176 | (3) |
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The open source community |
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176 | (1) |
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177 | (2) |
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Looking at Open Source Development Processes |
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179 | (2) |
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179 | (1) |
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Discussing and documenting |
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180 | (1) |
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Perusing the Pros of Open Source |
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181 | (5) |
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182 | (1) |
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183 | (1) |
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184 | (1) |
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184 | (2) |
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Considering the Cons of Open Source |
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186 | (6) |
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An untraditional support model |
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186 | (1) |
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Time and resources for maintenance |
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187 | (1) |
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The possibility of uneven documentation |
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187 | (1) |
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188 | (3) |
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191 | (1) |
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191 | (1) |
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Other concerns to consider |
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192 | (1) |
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Evaluating Open Source Solutions |
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192 | (5) |
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Developing your own solution |
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193 | (1) |
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Finding help for the right open source solution |
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194 | (2) |
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Introducing open innovation |
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196 | (1) |
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Chapter 11 Grasping Data Management Fundamentals |
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197 | (14) |
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Looking at FinTech's Role in Helping Companies Manage Their Data |
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198 | (1) |
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Understanding ETL: Extract, Transform, and Load |
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199 | (2) |
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199 | (1) |
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Reviewing ETL software requirements |
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200 | (1) |
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201 | (3) |
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Cleansing and normalizing market data |
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202 | (1) |
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Segmenting and storing market data |
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203 | (1) |
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204 | (2) |
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204 | (1) |
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205 | (1) |
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206 | (1) |
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207 | (1) |
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Differentiating between Structured and Unstructured Data |
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208 | (1) |
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209 | (2) |
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209 | (1) |
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210 | (1) |
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Chapter 12 Adapting for Future Technologies |
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211 | (12) |
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Harnessing the Power of Artificial Intelligence |
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211 | (5) |
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213 | (1) |
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Breaking down artificial neural networks |
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214 | (1) |
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Exploring how Al fits into FinTech |
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215 | (1) |
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Leveraging Machine Learning |
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216 | (1) |
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216 | (1) |
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217 | (1) |
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217 | (1) |
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Making the Most of Chat Bots |
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217 | (1) |
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Checking Out Alternative Data Sources |
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218 | (5) |
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Companies and devices involved in alternative data |
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219 | (1) |
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Alternative data in the financial industry |
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220 | (1) |
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Sourcing, compliance, and regulation |
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220 | (3) |
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PART 3 WORKING WITH FINTECH COMPANIES |
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223 | (90) |
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Chapter 13 Deciding Whether to Build, Buy, or Partner |
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225 | (22) |
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Transforming Your Company Digitally |
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226 | (2) |
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Exploring Reasons to Build or Buy |
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228 | (6) |
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Looking at reasons to build |
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229 | (1) |
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Checking out reasons to buy |
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230 | (2) |
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Finding the balance between new and legacy software |
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232 | (2) |
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Finding a FinTech Partner |
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234 | (7) |
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Weighing the pros and cons of partnership |
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235 | (1) |
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Researching and scouting potential FinTech partners |
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236 | (3) |
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Working with partners on evolving solutions |
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239 | (2) |
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Describing the Licensing Models |
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241 | (6) |
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241 | (1) |
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242 | (1) |
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243 | (1) |
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243 | (1) |
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244 | (3) |
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Chapter 14 Managing Integration with Legacy Systems |
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247 | (14) |
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Understanding and Tackling the Challenges of Legacy Infrastructures |
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248 | (5) |
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Comparing old and modern systems |
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248 | (1) |
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Determining whether a legacy system is too old |
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249 | (1) |
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Estimating the cost of doing nothing |
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250 | (1) |
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Discovering how FinTech can help |
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251 | (1) |
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252 | (1) |
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Walking through the Technical Steps of Updating a Legacy System |
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253 | (5) |
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253 | (1) |
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253 | (1) |
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254 | (2) |
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256 | (1) |
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257 | (1) |
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Simplifying Integration with Microservices Architecture |
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258 | (3) |
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The benefits of microservices |
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258 | (1) |
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Migration strategy options |
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259 | (2) |
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Chapter 15 Preparing Your Team for a Successful Project |
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261 | (18) |
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Assembling a Transformation Team |
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262 | (6) |
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Recruiting the right team members |
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263 | (1) |
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Counting on communication |
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264 | (1) |
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Shifting the leadership paradigm |
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264 | (1) |
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265 | (3) |
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Setting Realistic Expectations and Timelines |
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268 | (1) |
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269 | (3) |
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Retaining Good Employees during Change |
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272 | (3) |
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272 | (1) |
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Retention strategies that work |
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273 | (1) |
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Career paths and organizational change |
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274 | (1) |
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Understanding Data-Driven Decision-Making |
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275 | (2) |
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277 | (2) |
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Chapter 16 Investing in FinTech Companies |
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279 | (16) |
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Understanding the Players |
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280 | (2) |
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Challenging financial institutions |
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281 | (1) |
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Offering collaborative solutions to financial institutions |
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281 | (1) |
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Navigating the Investor Landscape |
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282 | (6) |
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282 | (2) |
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284 | (1) |
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285 | (1) |
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Corporate venture capital |
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286 | (1) |
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287 | (1) |
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288 | (3) |
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Performing primary research |
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288 | (1) |
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289 | (1) |
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290 | (1) |
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Evaluating a Company's Growth Strategies |
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291 | (2) |
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291 | (1) |
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292 | (1) |
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292 | (1) |
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292 | (1) |
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Considering a Company's Culture |
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293 | (2) |
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Chapter 17 Figuring Out the FinTech Endgame |
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295 | (18) |
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Bringing the Board Up to Speed on FinTech |
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296 | (7) |
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Noting the challenges that financial boards face |
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297 | (1) |
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Embracing digital transformation |
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298 | (2) |
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Developing digital skills |
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300 | (1) |
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Figuring out how to participate |
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301 | (2) |
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Looking into the Future of FinTech |
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303 | (3) |
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303 | (1) |
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304 | (1) |
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305 | (1) |
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Identifying Industry-Driven Networks, Accelerators, and Incubators |
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306 | (2) |
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The FinTech Innovation Lab |
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306 | (1) |
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306 | (1) |
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307 | (1) |
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307 | (1) |
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308 | (1) |
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Mulling Over Mergers and Acquisitions |
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308 | (5) |
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309 | (1) |
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Corporate venturing strategies |
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310 | (3) |
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313 | (38) |
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Chapter 18 Ten Symptoms of Ailing Legacy Technology |
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315 | (12) |
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315 | (1) |
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A Lack of Backward Compatibility |
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316 | (1) |
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Incompatibility with Other Systems |
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317 | (1) |
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318 | (1) |
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319 | (2) |
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321 | (1) |
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Increasing Demand for Support and Maintenance |
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322 | (1) |
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Short-Term Gains and Long-Term Pains |
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323 | (1) |
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323 | (1) |
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Lost Market Opportunities |
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323 | (4) |
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Chapter 19 Ten Questions for Determining Whether to Build or Buy |
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327 | (10) |
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Is This Functionality Core to Our Business? |
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327 | (1) |
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Is the Application Unique? |
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328 | (1) |
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Which Approach Is More Cost-Effective? |
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328 | (1) |
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Should This Application Be Built? |
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329 | (1) |
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What Are the Risks of Building versus Buying? |
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330 | (1) |
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When Does Open Source Make Sense? |
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331 | (1) |
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When Does Building Make Sense? |
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332 | (1) |
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How Can We Accelerate a Build? |
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333 | (1) |
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When Does Buying Make Sense? |
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334 | (1) |
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How Do We Select a Vendor and a Product? |
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335 | (2) |
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Chapter 20 Ten Considerations When Using Open Source Technology |
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337 | (14) |
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338 | (1) |
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Open Source Community Health |
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338 | (1) |
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339 | (1) |
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340 | (1) |
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341 | (1) |
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342 | (1) |
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343 | (2) |
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345 | (1) |
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Potential Hardware Impact |
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346 | (1) |
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347 | (4) |
| Appendix: Building A Fintech Company From The Ground UP |
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351 | (10) |
| Index |
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361 | |
