Technological Change, Financial Innovation, and Diffusion in Banking

Technological Change, Financial Innovation, and Diffusion in Banking
Author: W. Scott Frame
Publisher: DIANE Publishing
Total Pages: 33
Release: 2010-08
Genre: Business & Economics
ISBN: 1437928730

Discusses the technological change and financial innovation that commercial banking has experienced during the past 25 years. Describes the role of the financial system in economies and how technological change and financial innovation can improve social welfare. Surveys the literature relating to several specific financial innovations, which are new products or services, production processes, or organizational forms. The past quarter century has been a period of substantial change in terms of banking products, services, and production technologies. Moreover, while much effort has been devoted to understanding the characteristics of users and adopters of financial innovations, we still know little about how and why financial innovations are initially developed.

Finance and Technological Change

Finance and Technological Change
Author: E. Santarelli
Publisher: Springer
Total Pages: 189
Release: 1995-11-15
Genre: Business & Economics
ISBN: 0230375030

`A pioneering and valuable study linking finance to innovative activity: not only is the theoretical framework sound, thought-provoking and creative, but amply supported through systematic empirical testing.' - David B. Audretsch, Wissenschaftszentrum Berlin fur Sozialforschung This book broadens the economic explanation of technological change, by assuming that development and diffusion of new technologies are closely related to the financial arrangements and institutions which prevail in any given historical period. To support his hypothesis, the author combines theoretical prescriptions with empirical evidence: the interdependences between technology and finance suggested in the first part of the book are therefore analysed from a historical perspective, and a theoretical model is then applied to explain how R&D is funded by new and already established firms in the data processing industry. The book concludes with a survey of policy interventions towards various sources of innovation financing.

Technological Revolutions and Financial Capital

Technological Revolutions and Financial Capital
Author: C. Perez
Publisher: Edward Elgar Publishing
Total Pages: 219
Release: 2003-01-01
Genre: Business & Economics
ISBN: 178100532X

Technological Revolutions and Financial Capital presents a novel interpretation of the good and bad times in the economy, taking a long-term perspective and linking technology and finance in an original and convincing way.

Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance

Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance
Author: El Bachir Boukherouaa
Publisher: International Monetary Fund
Total Pages: 35
Release: 2021-10-22
Genre: Business & Economics
ISBN: 1589063953

This paper discusses the impact of the rapid adoption of artificial intelligence (AI) and machine learning (ML) in the financial sector. It highlights the benefits these technologies bring in terms of financial deepening and efficiency, while raising concerns about its potential in widening the digital divide between advanced and developing economies. The paper advances the discussion on the impact of this technology by distilling and categorizing the unique risks that it could pose to the integrity and stability of the financial system, policy challenges, and potential regulatory approaches. The evolving nature of this technology and its application in finance means that the full extent of its strengths and weaknesses is yet to be fully understood. Given the risk of unexpected pitfalls, countries will need to strengthen prudential oversight.

Keeping Pace with Change: Fintech and the Evolution of Commercial Law

Keeping Pace with Change: Fintech and the Evolution of Commercial Law
Author: International Monetary Fund
Publisher: International Monetary Fund
Total Pages: 31
Release: 2022-01-27
Genre:
ISBN: 1616358750

This note explores the interactions between new technologies with key areas of commercial law and potential legal changes to respond to new developments in technology and businesses. Inspired by the Bali Fintech Agenda, this note argues that country authorities need to closely examine the adequacy of their legal frameworks to accommodate the use of new technologies and implement necessary legal reform so as to reap the benefits of fintech while mitigating risks. Given the cross-border nature of new technologies, international cooperation among all relevant stakeholders is critical. The note is structured as follows: Section II describes the relations between technology, business, and law, Section III discusses the nature and functions of commercial law; Section IV provides a brief overview of developments in fintech; Section V examines the interaction between technology and commercial law; and Section VI concludes with a preliminary agenda for legal reform to accommodate the use of new technologies.

Handbook on Information Technology in Finance

Handbook on Information Technology in Finance
Author: Detlef Seese
Publisher: Springer Science & Business Media
Total Pages: 812
Release: 2008-05-27
Genre: Business & Economics
ISBN: 3540494871

This handbook contains surveys of state-of-the-art concepts, systems, applications, best practices as well as contemporary research in the intersection between IT and finance. Included are recent trends and challenges, IT systems and architectures in finance, essential developments and case studies on management information systems, and service oriented architecture modeling. The book shows a broad range of applications, e.g. in banking, insurance, trading and in non-financial companies. Essentially, all aspects of IT in finance are covered.

Automating Finance

Automating Finance
Author: Juan Pablo Pardo-Guerra
Publisher: Cambridge University Press
Total Pages: 375
Release: 2019-05-16
Genre: Business & Economics
ISBN: 1108496423

Explains how stock markets became automated through the work of invisible technologists, redefining the fabric of finance for the twenty-first century.

Digital Revolutions in Public Finance

Digital Revolutions in Public Finance
Author: Mr.Sanjeev Gupta
Publisher: International Monetary Fund
Total Pages: 362
Release: 2017-11-01
Genre: Business & Economics
ISBN: 1484315227

Digitization promises to reshape fiscal policy by transforming how governments collect, process, share, and act on information. More and higher-quality information can improve not only policy design for tax and spending, but also systems for their management, including tax administration and compliance, delivery of public services, administration of social programs, public financial management, and more. Countries must chart their own paths to effectively balance the potential benefits against the risks and challenges, including institutional and capacity constraints, privacy concerns, and new avenues for fraud and evasion. Support for this book and the conference on which it is based was provided by the Bill and Melinda Gates Foundation “Click Download on the top right corner for your free copy..."

A New Economy? The Changing Role of Innovation and Information Technology in Growth

A New Economy? The Changing Role of Innovation and Information Technology in Growth
Author: OECD
Publisher: OECD Publishing
Total Pages: 89
Release: 2000-07-06
Genre:
ISBN: 9264182128

What is driving recent growth in OECD countries? This study shows that success requires not some silver bullet, but a range of complementary factors that support the innovation-intensive growth exemplified by new information and communication technologies like the Internet and Internet applications.