Suchergebnisse

Chapter 1. An Overview of Technologically Enabled Finance -- Chapter 2. Innovations in Alternative Finance in Historical Perspective -- Chapter 3. A Layman's Guide to Bitcoin and Blockchain -- Chapter 4. An Introduction to Cryptocurrencies -- Chapter 5. The Role of Utopia in the Workings of Local and Cryptocurrencies -- Chapter 6. Digital Currencies and Central Banks -- Chapter 7. Cryptocurrencies: Regulatory Perspectives and Implications for Investors -- Chapter 8. Fintech Revolutionizing Financial Services: The Case of Virtual Savings and Credit Supply Technological Platforms in Africa -- Chapter 9. What Does Digital Money Mean for Emerging Market and Developing Economies?- Chapter 10. Blockchain and Other Distributed Ledger Technologies in Finance -- Chapter 11. Consensus Mechanisms for the Blockchain -- Chapter 12. Multi-Stakeholder Governance in the Era of Decentralized Finance -- Chapter 13. Law and Blockchains -- Chapter 14. Blockchain Trading and Exchange -- Chapter 15. Initial Coin Offerings: Current Research and Future Directions -- Chapter 16. How Wise Are Crowds on Crowdfunding Platforms?- Chapter 17. Asymmetric Information at the Platform Level: The Case of Peer-to-Peer Lending -- Chapter 18. Equity Crowdfunding and Capital Formation for Early-Stage Firms -- Chapter 19. Growing Pains: The Changing Regulation of Alternative Lending Platforms -- Chapter 20. Regulating Equity Crowdfunding: Lessons From International Practice -- Chapter 21. The Use of Psychometrics and Artificial Intelligence in Alternative Finance -- Chapter 22. Neural Networks and Deep Learning: A Paradigm Shift in Information Processing, Machine Learning and Artificial Intelligence -- Chapter 23. Use of Big Data in Developing Markets -- Chapter 24. Use of Big Data in Insurance -- Chapter 25. Technology and Working Capital Finance -- Chapter 26. Robo-Advising -- Chapter 27. Implementation of Open Banking Protocols Around the World -- Chapter 28. Technological Innovation and Discrimination in Household Finance -- Chapter 29. Trust Building and Credit Reporting With Big Data in the Digital Age -- Chapter 30. Digital Identity in India -- Chapter 31. Big Techs in Finance: On the New Nexus Between Data Privacy and Competition.

This handbook provides the first comprehensive overview of the fast-evolving alternative finance space and makes a timely and in-depth contribution to the literature in this area. Bringing together expert contributions in the field from both practitioners and academics, in one of the most dynamic parts of the financial sector, it provides a solid reference for this exciting discipline. Divided into six parts, Section 1 presents a high-level overview of the technologically-enabled finance space. It also offers a historical perspective on technological finance models and outlines different business models. Section 2 analyses digital currencies including guides to bitcoins, other cryptocurrencies, and blockchains. Section 3 addresses alternative payment systems such as digital money and asset tokenization. Section 4 deals with crowdfunding models from both a theoretical perspective and from a regulatory perspective. Section 5 discusses data-driven business models and includes a discussion of neural networks and deep learning. Finally, Section 6 discusses welfare implications of the technological finance revolution. This collection highlights the most current developments to date and the state-of-the-art in alternative finance, while also indicating areas of further potential. Acting as a roadmap for future research in this innovative and promising area of finance, this handbook is a solid reference work for academics and students whilst also appealing to industry practitioners, businesses and policy-makers.

Can crowdfunding contribute to the rebalancing of the financial system via democratising investment? This paper begins to respond to this question by establishing how and why investors place trust in these markets. We offer two contributions. First, to theoretical debates on democratic finance; and second, to a more empirical body of cross-disciplinary research into popular investment via a qualitative analysis of 52 original interviews with investors in six UK crowdfunding markets. Our data is taken from a project with the UK's Financial Conduct Authority to enhance investor protection in these markets. Deploying concepts from across economic sociology, we find that investors: mobilise embedded networks to establish trust in crowdfunding; are motivated by expectations of 'blended returns'; prefer automated investment tools if they lack experience; and typically invest with funds they have earmarked as being prepared to lose. We conclude that enhanced investor protection is required for crowdfunding to help democratise finance. ; ¿Puede el crowdfunding contribuir al reequilibrio del sistema financiero mediante la democratización de la inversión? Este documento comienza a responder a esta pregunta estableciendo cómo y por qué los inversores confían en estos mercados. Ofrecemos dos contribuciones. Primero, a los debates teóricos sobre finanzas democráticas; y segundo, a un cuerpo más empírico de investigación interdisciplinar sobre inversión popular a través de un análisis cualitativo de 52 entrevistas originales con inversores en seis mercados de crowdfunding del Reino Unido. Nuestros datos se toman de un proyecto con la Autoridad de Conducta Financiera del Reino Unido para mejorar la protección de los inversores en estos mercados. Utilizando un enfoque de sociología económica, encontramos que los inversores: movilizan redes integradas para establecer confianza en el crowdfunding; están motivados por las expectativas de «rendimientos combinados»; prefieren herramientas de inversión automatizadas si carecen de experiencia; y típicamente invierten con fondos que han destinado a perder. Concluimos que se requiere una mayor protección de los inversores para la financiación colectiva para ayudar a democratizar las finanzas