NEW OPEN ACCESS BOOK ON HOW TECHNOLOGY IS DISRUPTING FINANCIAL SERVICES LAUNCHED BY DCU

‘Disrupting Finance – FinTech and Strategy in the 21st Century’, a new book that explores how technology is disrupting and transforming the financial services sector, was officially launched yesterday at the Davenport Hotel, Dublin. As well as introducing the new book, Robert Mulhall (AIB) and Lory Kehoe (Consensys) addressed the opportunities and challenges presented by the book to an audience of executives from across financial services sector.

This new book was edited by Prof. Theo Lynn (DCU), Prof John Mooney (Pepperdine University), Prof Mark Cummins (DCU) and Dr Pierangelo Rosati (DCU) and features 18 Irish and international authors focusing on fintech innovations such as crowdfunding, algorithmic and high frequency trading, cyber-currencies, regtech, insurtech, machine learning and artificial intelligence and others. Each chapter focusses on a specific financial technology and presents the insights and current thinking on how these technologies are disrupting and transforming financial processes and outcomes. ‘Disrupting Finance’ is an open access book so can be purchased in hardback but is free to download from Palgrave Macmillan’s website.

Speaking at the book launch, Prof. Lynn, Director of the Irish Institute of Digital Business, said: “Today, we are seeing the advent of a new generation of FinTech built on near-ubiquitous access to the Internet through mobile and cloud computing, machine learning, artificial intelligence and blockchain. These technologies are resulting in significant disruptive changes to the financial services sector, not least opening up the sector to increased competition and empowering customers in ways unthinkable just a decade ago.” He continued: “Ireland is a leading hub worldwide for both financial services and technology. Understanding how fintech creates, captures and delivers value is key to Ireland’s future success in both growing our indigenous industrial base and attracting foreign direct investment.”

Robert Mulhall, Managing Director – Consumer Banking, AIB, said: “AIB is proud to partner with DCU to launch this innovative open access book. Disruptive technology brings both challenges and opportunities to the financial services industry and real benefits for customers. At AIB, we continue to invest in our capabilities to take advantage of the opportunities that innovative technology brings. Fintech and Open Banking, in particular, allows AIB the ability to deliver greater digital customer experiences with increased agility and pace”

Welcoming the news Prof. Anne Sinnott, Executive Dean of DCU Business School, said: “DCU Business School is very much committed to a Digital First strategy. Irish Business Schools need to be at the forefront of curating knowledge on the state of the art in emerging technologies and how these technologies will impact the wider ecosystem. This book, ‘Disrupting Finance’, is both topical and timely but more importantly through Open Access is available for free to businesses, scholars, policymakers and the general public.”