📘The future of money and banking has arrived. Are you ready? This book is an easy guide on how the world of money, banking, and finance is transformed by modern technology. All major forces of this transformation in one book.📘This book is not a usual book about finance. It is easy and vivid. Many colorful illustrations help to explain complex concepts in a very simple way.All major areas of this transformation with the most disruptive forces in play are included in this book. These areas are AI banking, cryptocurrencies and blockchain, mass hyper-personalization, open banking, banking-as-a-service and embedded finance, digital banking and neobanks, crowdfunding, insurtech, and robo-advising.The book explains what kinds of startups are disrupting the industry, how many existing companies that have been successful for hundreds of years are suddenly facing the risk of extinction, and what kind of jobs disappear and emerge. Additionally, it describes how this transformation dramatically changes the daily lives of almost everyone, as most people use money and banking services every day.You can read each chapter independently. Essentially, every chapter is an individual, easy-to-read story about a particular area of finance. The nine chapters included in this book are:• AI bank of the future – transformation of banking with artificial intelligence• cryptocurrencies, blockchain, and bitcoin• mass hyper-personalization of financial services• open banking• banking-as-a-service and embedded finance• digital banking and neobanks – modern banks that focus on superior digital user experience• crowdfunding and its key types• insurtech – modern technologies that disrupt insurance• robo-advising – automated money management tools.Each chapter has a similar structure. They each explain the basics, cover how this area disrupts the world of finance, briefly cover all key concepts related to the area, list opportunities that arise, key challenges and issues, and offer a short quiz.The book has been written to be an enjoyable read. It is meant to be as accessible and jargon-free as possible. It is very structured and includes examples and illustrations that help explain complex concepts in a very simple way. Additionally, the author uses simple language, considering that many readers are not native English speakers.
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