Fintech and the Remaking of Financial Institutions, Second Edition explores the transformative
potential of new entrants and innovations on business models. In its survey and analysis of Fintech,
this book addresses current and future states of money and banking. It provides broad contexts
for understanding financial services, products, technology, regulations, and social considerations.
The second edition expands and updates topics covered in the first edition, with particular
emphasis on current and expected impact of AI; maturation of crypto and consequent regulatory
issues; international developments; and the continued integration of technology advances in large
financial institutions. This book shows how Fintech has evolved and will drive the future of financial
services. It sheds new light on disruption, innovation, and opportunity by placing the financial
technology revolution in larger contexts.
1. Introduction
2. Disruption and Disintermediation in Financial Products and Services: Why
Now?
3. Money: A Medium of Exchange, Unit of Account, and Store of Wealth
4. Financial Institutions
5. Bubbles, Panics, Crashes, and Crises
6. Bank Lending
7. Time Value of Money: Interest, Bonds, Money Market Funds
8. Equities
9. Foreign Exchange
10. Futures, Forwards, and Swaps
11. Commodities
12. Options
13. Startup Financing
14. Fintech in a Global Setting
15. Fintech and Government Regulation: If It Quacks Like a Bank
16. Social issues: energy consumption, race, and gender issues in hiring and
promotion, unemployment, and income distribution
17. They are Not Dead Yet: How Big Financial Institutions Will Work with
Fintech Startups to Define the Market Structure of the Future
John Hill is a consultant, investor, author, and educator who teaches economics and finance at the Dolan School of Business, Fairfield University. He earned his degrees from Cornell University and the University of Pennsylvania, where he pursued a PhD in econometrics under Nobel Laureate Lawrence Klein. John has authored notable books, including Environmental, Social, and Governance (ESG) Investing and Fintech and the Remaking of Financial Institutions, both published by Academic Press. His career spans senior executive roles at leading financial institutions such as Merrill Lynch, ABN AMRO, Intercontinental Exchange, and ICAP.
