Michael R. King - The Technological Revolution in Financial Services: How Banks, FinTechs, and Customers Win Together

The financial crisis of 20082009 reshaped global banking regulations. How will changes in technology and consumers demand affect the finance industry in the post COVID-19 world? This book identifies the most important trends and challenges, and provides invaluable insights for managers, policymakers, and consumer advocates.

Thomas Philippon, Max L. Heine Professor of Finance, Stern School of Business, New York University

King and Nesbitt have edited a comprehensive book on how the financial services industry is being disrupted by fintech. This book details new strategies and business models arising from fintech. It does an excellent job laying out the broad forces transforming the financial services industry.

Raghavendra Rau, Sir Evelyn de Rothschild Professor of Finance, Co-founder and Academic Director, Cambridge Centre for Alternative Finance, Cambridge Judge Business School, University of Cambridge

This book reaffirms my assertion that banking is being fundamentally changed by technology, but will survive with some new players and some old players coming together in a new model of providing and distributing value.

Chris Skinner, CEO of The Finanser, Chair of The Financial Services Club, and Author of Doing Digital, Digital Bank, ValueWeb, and Digital Human

King and Nesbitt have put together an excellent collection of articles in this book that sheds valuable light on the dynamics of the future evolution of the financial services industry with the expanding role of fintech and the possible competitive challenges banks and other traditional players will face from information technology firms like Google. This book is an essential read for banking scholars, regulators, and financial service executives seeking insights into future strategies to cope with these seismic changes.

Anjan Thakor, John E. Simon Professor of Finance, and Director of the WFA Center for Finance and Accounting Research, Olin School of Business, Washington University in St. Louis

King and Nesbitt have brought forth a great perspective on the digital transformation happening at every level of the financial services sector. This is a reference book to put into every hand across the industry.

Peggy Van De Plassche, Managing Partner, Roar Growth

A very timely compendium of informed and insightful analyses and forecasts of the effects of technology on the structure, dynamics and organizational architecture of the financial services industry. I highly recommend this to both technologists eyeing opportunities for change and long-time incumbents of this overly established industry.

Mihnea Moldoveanu, Vice Dean, Learning, Innovation and Executive Programs, Desautels Professor of Integrative Thinking, and Professor of Economic Analysis, Rotman School of Management, University of Toronto

Instructor resources for this book are available on a tab on the books webpage via the University of Toronto Press website: utorontopress.com