Fintech or financial technology spurred a massive change in the conventional perspectives on financial services. As of 2022, the global fintech market had a total capitalization of almost $159 billion. On top of it, the total funding for the global fintech industry rounded up to $75.2 billion in 2022. Financial technology and innovation can open up new prospects for transforming conventional financial services or introducing new solutions. The top fintech books can help you find a clear path in the complicated fintech market. Financial technology is gradually growing in terms of popularity, and emerging business models in the domain of fintech have been offering new ways for creating fintech businesses. The following discussion will help you find the top books for learning about fintech.
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Why Should You Learn about Fintech?
The first thing on your mind before searching for the best fintech books would be the reasons to learn financial technology. One of the first things which validate the necessity of learning fintech is the exponential growth of the fintech market. In addition, fintech professionals have become one of the most in-demand professionals with multiple career opportunities. As a matter of fact, there is no limit on the job opportunities available for fintech professionals. Individuals with financial as well as technical expertise and business skills can find jobs in traditional financial service organizations or fintech startups.
The variety of job roles in the domain of fintech provides many reasons for learning fintech. You can find answers to “Is fintech worth studying?” by identifying the job roles you can pursue in fintech. Some of the promising fintech job roles include blockchain developer, data scientist, risk and compliance manager, AI developer, and many others. Candidates with specialization in AI, machine learning, and blockchain are likely to generate better value benefits from their fintech career.
The necessity to learn fintech is also evident in how financial technology creates disruption in the financial services sector. Fintech professionals are vital assets for supporting financial organizations in adopting fintech. Many banks have been experiencing struggles in keeping up with digital contemporaries in terms of customer satisfaction. In addition, traditional financial organizations want to adopt fintech to diversify their services and increase profits. As fintech adoption increases, the need for certified fintech professionals and experts will grow by huge margins.
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Most Popular Books for Learning Fintech
The distinct reasons for learning about fintech create curiosity about the best resources to learn financial technology and its applications. You can seek the most popular fintech books as trusted resources for familiarizing yourself with fintech fundamentals. In addition, you need to identify books that can offer insights into the technical foundations of fintech. On top of it, it is important to look for learning materials in books that can help you obtain an in-depth understanding of the fintech industry. Let us take a look at the top books recommended by experts for learning fintech.
1. Smarter Bank
The first edition of the book about fintech is Smarter Bank by Ron Shevlin. The “Smarter Bank: Why Money Management is More Important than Money Movement to Banks and Credit Unions” book features a broad range of fintech topics. Interestingly, the topics in the book have been tailored for traditional financial institutions and the top executives in the organizations. The book provides fundamental insights into how some of the popular traditional financial service providers have been experimenting with fintech. In addition, the book offers a detailed overview of the best practices for achieving success with fintech.
The Smarter Bank book provides a clear impression of the consistent changes introduced in the fintech industry. You can learn about the continuous growth of the industry alongside the impact of the latest technologies on traditional financial organizations. The book is a suitable guide to fintech for beginners as it helps you understand the impact of fintech innovations on banks.
The industry expertise of the author as a banking industry analyst and marketing consultant reflects in the different course topics. You can learn about the significance of mobile banking, online payment services, big data, the financial behavior of customers, and customer engagement. Therefore, you can not only understand the importance of fintech for improving traditional financial organizations but also how to use it.
The practical examples of popular financial institutions working on fintech products and services in the book provide relevant training for fintech professionals. You can use such fintech books for beginners to understand how big financial institutions use fintech to improve bottom-line profitability. The book also reflects on the value propositions of fintech for improving customer service.
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2. Bank 4.0
Another promising book for answering questions like “Is fintech worth studying?” refers to Bank 4.0 by Brett King. The most important highlight of the book is the author, Brett King, who is a popular author, public speaker, and futurist. In the book, Brett King focuses on the notable conditions which induced radical transformation in the modern banking industry.
The author also pays special attention to the role of big tech companies and innovative financial technology in driving a major transformation in the life of consumers. On top of it, the book also emphasizes the changes in consumer behavior and how financial institutions must adapt to emerging trends.
The Bank 4.0 book offers valid reasons for which banks should integrate fintech in their operations. It is one of the top fintech books with topics backed by comprehensive research. The book emphasizes the technological innovations alongside mechanisms that can support traditional financial institutions in the transformation of banking services. According to the views of Brett King in the book, the future of the banking industry with fintech establishes the foundations of Bank 4.0 or a new generation of banking services.
The book provides a review of the different ways in which banks could embrace technological innovations or ensure the integration of technology into their existing services. Learners can use such books about fintech to visualize the instantly and universally accessible smart banking services in Bank 4.0.
Some of the most crucial highlights in the book focus on the use of blockchain, AI and augmented reality for the fintech revolution in banks. In addition, the book also emphasizes the role of changing consumer behavior and psychology in transforming financial services. You can use the book as a practical guide for integrating digital payments into an online banking service and ensuring its successful operations.
3. The Innovation Ultimatum
The next addition among the most popular books for learning about fintech refers to “The Innovation Ultimatum” book. It is one of the best fintech books by Steve Brown, a popular industry expert in the domain of financial services. In addition, the former role of Steve Brown as a Chief Evangelist at Intel also adds credibility to the book. Learners can use the book to explore a list of different technological innovations which could define the existing and future state of fintech.
Steve Brown uses the book to point out the most important strategic technology trends which financial service companies must adopt. The book covers six important technologies, such as blockchain, IoT, 5G communication, distributed ledgers, AR/VR technologies, and artificial intelligence. The book helps you learn fintech with a practical perspective on the important drivers of the global fintech market. Interestingly, the book emphasizes how the six strategic technology trends can impose significant levels of influence on other businesses.
Learners can use “The Innovation Ultimatum” book as one of the fintech books for beginners as well as for professionals. The book features a simple English language and does not use any complicated technical jargon, which makes it comprehensible. On top of it, you can use “The Innovation Ultimatum” book to learn how leaders could adapt their strategies for coping with the radical advancements in fintech.
The detailed insights on how organizations could adopt fintech can help fintech professionals optimize their fintech ventures. The insights in the book include best practices for optimizing business operations and the creation of values. Most important of all, the book also reflects on best practices for introducing dynamic elements in financial service delivery through technology.
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4. The PAYTECH Book
You can also add “The PAYTECH Book” to the list of books on fintech for beginners and entrepreneurs. The author Susanne Chisti highlights the potential for the transformation of payment solutions in the future. Learners should note that the book has been created with contributions from many other authors.
The other notable authors of the book include Tony Craddock, Markos Zachariadis, and Robert Courtneidge. As prominent leaders in the domain of global fintech payments, the authors include valuable insights regarding fintech in the book. The target audience for the book includes entrepreneurs, fintech visionaries, and investors.
The PAYTECH book provides an in-depth explanation regarding the use of fintech for transforming the payments domain in the financial services industry. It is one of the most popular fintech books for identifying how fintech can introduce better customer experience in the payments industry.
Most important of all, the book features answers to many questions of entrepreneurs, investors, and financial service professionals regarding fintech. Interestingly, the answers highlighted in the book have been backed by the insights of experts, thereby ensuring the credibility of responses.
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5. A Guide to Financial Regulation for Fintech Entrepreneurs
Fintech regulation is also an important highlight for every aspiring fintech professional. “A Guide to Financial Regulation for Fintech Entrepreneurs” book serves as an effective training resource for fintech experts. It provides the information required for finding your way through the regulatory landscape prevalent in fintech right now.
As the adoption of fintech gains momentum, many countries in the US, EU, and Asia have started churning out fintech regulations. Therefore, the book can offer a valuable source of reference for understanding the global regulatory landscape in fintech markets.
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Other Notable Books on Fintech
Apart from the top fintech books mentioned above, you can also seek other promising alternatives for learning about fintech. You can find books on fintech with learning materials focused on specific types of audiences. Here is an outline of some of the other notable books you should try out for improving your fintech skills and knowledge.
Fintech Founders by Agustin Rubini is one of the most trusted fintech books for aspiring entrepreneurs. The book features interviews with around 75 fintech entrepreneurs with detailed insights on their journey, mistakes, and achievements. As one of the trusted books to learn fintech entrepreneurship, the Fintech Founders book can help you gain valuable inspiration from entrepreneurs.
Another top entry among the best fintech books right now would point at The RegTech Book. It is a comprehensive learning resource for understanding RegTech, one of the formidable highlights in the world of fintech. Banks and other financial institutions can use RegTech to streamline compliance management through technological tools.
The RegTech Book helps you understand how artificial intelligence, machine learning, and many other technologies can improve regulatory compliance. One of the most noticeable highlights of the book is the reference to practical use cases of RegTech by different businesses and its future.
You should try another promising book on fintech by Brett King, Breaking Banks, to enrich your fintech knowledge. The book also offers interviews of leading fintech entrepreneurs alongside evaluating prospects with peer-to-peer lending and investment chatbots.
You can rely on such fintech books for beginners to identify how financial technology can create disruption in financial services. Most important of all, the references to practical examples and stories of fintech entrepreneurs offer valuable insights into the fintech market.
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Conclusion
The overview of the important books for learning fintech shows that you have multiple options to expand your fintech expertise. Fintech is a new and emerging domain with the potential to revolutionize financial services. Starting from debit cards and ATMs, fintech has evolved to a stage where financial services can embrace technologies such as AI and blockchain.
The most popular fintech books can help you with varying learning outcomes, depending on the content of the books. For example, some books are useful for learning fintech fundamentals, while others help you familiarize yourself with the disruptive impact of fintech. Choose your favorite books on fintech and start preparing for a career in fintech right now.
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