Author Description

Financial Services Technology reviews key financial services business areas, technologies, and trends, providing a primer for students and a reference for industry professionals. It covers current trends and emerging concerns in financial services industry, including cloud computing, big data, business process management, microfinance, mobile banking, algorithmic trading, and ongoing regulatory changes. In addition, it reviews how financial services processes and practices vary between North America, Asia, and Europe. This book aggregates and condenses a broad range of information related to financial services technology and business applications that, until now, has not been available in a single text or information source. It is composed of four major sections: 1) foundations, which provides an overview of how information technology (IT) solutions are implemented in financial institutions; 2) banking technology, which describes the business context and technologies that support retail and commercial banking functions; 3) financial markets technology, which explains the business context and technologies used for the trading equities, derivatives, and foreign exchange products; and 4) cross-functional considerations, which examines technology and solution considerations that span across multiple banking and financial market business areas.