Digital Project Practice for Banking and FinTech

Cover
Half Title
Title Page
Copyright Page
Table of Contents
Preface
Editor
Contributors
Chapter 1 Project Management in the Digital Era
	1.1 Next Gen Digital Project Management
		1.1.1 How Will the Project Manager Lead in the Digital Age?
		1.1.2 Developing the Next Generation Project Management Skillsets
	1.2 Transforming Project Management Into Strategic Value Management
	1.3 How Disruptive Technologies Will Transform Project Management
		1.3.1 Better Selection and Prioritization Using AI Prediction
		1.3.2 Enhanced Support for the Project Management Office
		1.3.3 Improved, Faster Project Definition, Planning, and Reporting
		1.3.4 Virtual Project Assistants
	1.4 Now Let’s Future Forward to Year 2030 …
		1.4.1 Imagine the Future of Project Management in this Real Case Business Scenario
	1.5 Summary
	References
Chapter 2 Facilitating Communication: The Financial Technology Canvas
	2.1 Background, Inspiration, and Context
	2.2 Key Elements of the Financial Technology Canvas
		2.2.1 Enabler/Key Technology
		2.2.2 Key Infrastructure/Hosting
		2.2.3 Regulation, Supervision, and Governance
		2.2.4 Main Objective, Use Case, Requirements
		2.2.5 Opportunities
		2.2.6 Challenges and Risks
		2.2.7 Ecosystem/Partner
		2.2.8 Development/Sourcing (Change the Bank)
		2.2.9 Operations Model (Run the Bank)
	2.3 Practical Application of the Financial Technology Canvas
		2.3.1 Example 1: Commercial Bank Financial System
		2.3.2 Example 2: FinTech Financial System
	2.4 Conclusion
	References
Chapter 3 FinTech Process Automation
	3.1 Main/Continuous Text (Including Illustrations, Tables, Instructional Elements)
	3.2 FinTech Processes: Order-To-Pay and Order-To-Cash
		3.2.1 Ordering Processes
		3.2.2 Payment Processes
		3.2.3 Billing and Invoicing Processes
	3.3 Automated FinTech Processes
		3.3.1 Automated Ordering Processes
		3.3.2 Automated Payment Processes
		3.3.3 Automated Billing and Invoicing Processes
	3.4 Summary
	Note
	References
Chapter 4 Robotic Process Automation in Financial Institutions
	4.1 Change and Challenges in Financial Institutions
	4.2 Balancing Costs for IT and Integration With Robotic Process Automation
	4.3 Attended and Unattended Robots
	4.4 Target Operating Model for Robotic Process Automation
	References
Chapter 5 Future Cryptoeconomics: Digital Diffusion of PayTech
	5.1 Introduction
	5.2 Literature Review
		5.2.1 FinTech and PayTech
		5.2.2 Technology Complexity and Diffusion
		5.2.3 Innovation Process and Disruptive Innovation
	5.3 Research Methodology
	5.4 Analyses of Findings: Cryptoeconomics and the Digital Diffusion of PayTech
	5.5 Conclusions
	References
Chapter 6 Cryptocurrencies and FinTech for People in a Hurry
	6.1 Introduction
	6.2 A Brief History of Crypto and Blockchain
	6.3 The Basic Functions of Money – Especially Liquidity
	6.4 Will Cryptocurrencies Eliminate Inflation?
	6.5 Currency Or Commodity
	6.6 History Repeats Itself – Ponzi and Gambling
	6.7 Concluding Remarks: The Future of FinTech
	Notes
	References
Chapter 7 Digital Disruption in Banking Sector: Evaluating Efficiency and Risk
	7.1 Introduction
		7.1.1 The Objectives of this Chapter
	7.2 Literature Review
	7.3 Digital Transformation in Financial Services and Banking
	7.4 Benefits of Digital Transformation in Banking and Financial Services
	7.5 Digital Disruption in Banking
	7.6 Factors Disrupting the Banking Sector
	7.7 Key Risks Associated With a Digital Banking System
	7.8 Cyber Security in the Digital Banking System
	7.9 Strategies to Overcome Digital Disruption in the Banking Sector
	7.10 Data On Digital Disruption in Banking Across the World and India
	7.11 Conclusion
	References
Chapter 8 Crowdfunding as a Digital Financing Alternative
	8.1 Crowdfunding: An Innovative Financing Instrument
	8.2 Why Banks Should Harness Crowdfunding
	8.3 Benefits and Risks
	8.4 Conclusion
	References
Chapter 9 Which Signals Promise Success in Crowdfunding?: A Simple Guide for Start-Ups
	9.1 Introduction
	9.2 Signaling Theory and Crowdfunding
	9.3 Main Success Factors
	9.4 Discussion and Conclusion
	References
Chapter 10 Making Finance Invisible: What Defines Embedded Finance and Its Effects On User Experience?
	10.1 Introduction
	10.2 Background and Context
		10.2.1 How to Measure the Usability of Embedded Financial Products
		10.2.2 Current Discussion On Embedded Finance
		10.2.3 A New Definition of Embedded Finance
	10.3 Summary and Discussion
	References
Chapter 11 The Buy-Now-Pay-Later Ecosystem: New (Algo)Rhythms of Spending and Reframed Relationships
	11.1 Introduction
	11.2 The Promotion of New Digital Consumer Credit Solutions
	11.3 Buy-Now-Pay-Later–a Distinctive Digital Consumer Credit Product
	11.4 The Nature and Power of Algorithmic Marketing
	11.5 Consumer Credit Marketing Algorithms
	11.6 An Evolving Set of Relationships
	11.7 BPNL and the New (Algo)rhythms of Spending
	11.8 Conclusion
	References
Chapter 12 Zero Trust in Banking and FinTech
	12.1 Introduction
	12.2 History of Zero Trust
	12.3 Key Elements of Zero Trust
		12.3.1 User and Location
		12.3.2 Device
		12.3.3 Application Or Service
		12.3.4 Real-Time Risk Intelligence
		12.3.5 Trust Algorithm
		12.3.6 How to Design Zero Trust Ecosystems
	12.4 What’s Next? Looking Beyond Zero Trust
	12.5 Summary and Conclusion
	References
Chapter 13 Sustainable Development Goals as Unintended Consequences of Digital Transformation Strategies: Case of Siam Commercial Bank
	13.1 Introduction
	13.2 SCB
	13.3 Launching the Digital Transformation at SCB
	13.4 The Strategy Underlying the Digital Transformation
	13.5 Digital Platform
	13.6 Sustainable Finance
		13.6.1 SDGs Achieved Through Improved Access to Financial Services
	13.7 Conclusion
	Notes
	References
Chapter 14 Working With, Not Against: An Asian Cooperative Approach in Developing FinTech
	14.1 Whither Digital Innovation in Asian Finance?
		14.1.1 The Birth of Decentralized Finance
		14.1.2 Note the Regulator
		14.1.3 The Internet Interferes With the Status Quo
		14.1.4 Come Play in the Sandbox
		14.1.5 The Asian Perspective
		14.1.6 Sustainable Digital Innovation in Asian Finance
	14.2 Conclusion
	References
Chapter 15 Blockchain and Financial Services: An Overview of Application Fields in Payment Transactions and for Securities Services
	15.1 The Blockchain Technology
		15.1.1 Application Areas in the Financial Industry
		15.1.2 Obstacles
	15.2 Blockchain Based Payment Methods
		15.2.1 Application Areas
			15.2.1.1 Bitcoins in the Sense of “Private Money”
			15.2.1.2 Stable Coins
		15.2.2 Central Bank Digital Currencies (CBDC)
		15.2.3 Regulatory Issues–Bitcoins and “Private Money”
			15.2.3.1 Stable Coins–Basic Classification
			15.2.3.2 Problems of Classification
			15.2.3.3 Legislative Efforts
			15.2.3.4 CBDCs
		15.2.4 Practical Issues in the Use of Blockchain-Based Payment Methods
			15.2.4.1 Advantages of Blockchain-Based Payment Methods
			15.2.4.2 Combination With Smart Contracts
			15.2.4.3 Challenges of Blockchain-Based Payment Methods
	15.3 Blockchain Based Securities: Application Areas
		15.3.1 Issuance of Digital Securities: “The ICO”
			15.3.1.1 Procedure of the ICO
			15.3.1.2 Legal Classification
			15.3.1.3 Securities Law
			15.3.1.4 Civil Law–Problems De Lege Lata
			15.3.1.5 Solution De Lege Ferenda
	15.4 Conclusions
		15.4.1 Advantages of Blockchain Transactions
		15.4.2 Challenges in Implementing Blockchain Transactions
		15.4.3 Conclusions On Blockchain in Securities
		15.4.4 Further Conclusion
	References
Index