Phadke Sanjay - Fintech Future : The Digital DNA of Finance

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Exponential changes in the next 20 years resulting in the merging of humans and the digital life will surely see the concept of money, as we knew for millennia, undergo a revolution. In the book Fintech Future , Sanjay absorbs us into the world of finance, into its enthralling journey from history to the utopic future where finance has married technology, and they are speaking languages such as artificial intelligence (AI), blockchain and crypto. Future may see humans download their minds onto the cloud for immortality as Jethro Knights in Transhumanist Wager or become a space-faring community solving galactic problems as Sunny boy in the epilogue of this book. The world of finance has never been cooler and faster. It is a must-read for the finance and technology enthusiasts alike.

Zoltan Istavan, US Presidential
Candidate 2020 and Author

In this engaging book, Sanjay Phadke not only explains fintech and how it works but also lucidly explains why the new financial innovations in intermediation arising due to big data, machine learning, AI, etc., are likely to challenge and revolutionize banking and finance. It is a must-read, especially for those wanting to understand the fintech space in Indias digital future!

Viral V. Acharya, C. V. Starr Professor of Economics,
New York University Stern School of
Business (NYU-Stern) and ex-Deputy Governor,
Reserve Bank of India

Fintech Future lays out the history, background and landscape of finance wonderfully. It explains the interplay of finance and technology and how the two universes inevitably are colliding into one another. It is a good peek into the future of tech and finance giants and how they need to learn to be frenemies.

Krishna V. Iyer, Co-founder at SIBIA
Analytics and Consulting Services, and
iServe Financial Private Ltd

While it forms the most common aspect of human interactions and dynamics, money remains an esoteric concept to most as far as details go. From its origins to its evolution and metamorphosis in the future, a demise of classical forms perhaps, ideas related to money have been veiled. In this book, the author succinctly elucidates the past and present of money and large-scale finance, and cogently explores and explains the many inroads that modern computational and communications technology is taking into the field of finance. The impact of exponential growth in the technology front, the ubiquitous and constant connectivity paradigm, the growing technical skills of the user base and ease of use of modern fintech, all of which is changing the conservative landscape of money management, be it banking or payments, is explored in this book with many examples.

The book provides insights into the diverse technologies that have entered finance and how they have disrupted the classical modes and models of money in the world, especially Asia and Africa. The analysis of how the current crop of hi-tech such as AI and blockchains, coupled with communication systems like 5G, is poised to impact the Indian landscape positively is very informative. As a prognostication and an exhortation, this book encourages looking at money anew, especially in the Indian context.

Sunu Engineer, PhD Astrophysics, Cosmology

In this book, Sanjay has successfully lifted not just one but two Shiva dhanush , one of explaining how finance as a domain works and second how intertwined it is with technology. It reminds me of one of my favourite books Sapiens by Yuval Noah Harari; incidentally, Sanjay also uses one of his quotes in the book. As a fellow author, I can certainly see and appreciate the effort and research that have been put in to bring out this very important yet complex topic to life. Being a technology consultant working in finance domain in London, I am aware of the fear incumbent operators have of the fintechs and Silicon Valley giants for which Sanjay coins a new acronym, MASAA. Companies are planning multi-directional approach to avoid next blockbuster or Kodak of the financial domain. One of the important angles this book brings is deep understanding of both macro and micro viewpoints of Indian financial ecosystem, be it UID, GST or other NBFCs.

Sanjay Bapat, Technologist and Author of
Historical Fiction Ganga: Truth Unrevealed

In a sweeping yet detail-driven analysis of the converging paths of technology and finance, this book gives readers a real opportunity to upgrade their understanding of where the world came from and where it is going. Sanjays passion for communicating the wealth of knowledge that he has accumulated over years of being a finance practitioner clearly comes through in his writing and in his enthusiasm for ushering in a brand new world, but especially a brand new India.

Indradeep Ghosh, Executive Director of Dvara Research

Sanjay Phadkes Fintech Future chronicles the amazing story of how technology is changing the world of finance. He hasnt used too many jargons, and that makes the book interesting for even the lay readers. It tries to answer many questions and demystify many concepts, starting from what the use of money is. As a keen student of banking and finance, I find it useful as it offers a birds eye view of the enormous changes that the world of finance is undergoing and what it means for the banks, fintech and techfin companies and the customersyou and me.

Tamal Bandyopadhyay, Consulting Editor,
Business Standard , and Author

The intersection of technology and finance will play a big role in our lives, and Sanjay having straddled both the worlds has written the go-to book for understanding this. In the next few years, technology is likely to radically transform financial services, and there is no better book than this to get a detailed view of the Indian fintech landscape.

Manish Gunwani, CIO, Reliance Nippon Life AMC

The importance of technology in finance is one of the most significant business trends of our times. This book is a must-read to understand details of this new paradigm.

P. D. Singh, Managing Director, JPMorgan

Copyright Sanjay Phadke, 2020

All rights reserved. No part of this book may be reproduced or utilized in any form or by any means, electronic or mechanical, including photocopying, recording or by any information storage or retrieval system, without permission in writing from the publisher.

First published in 2020 by