Financial Technology and Modern Digital Banking System

Financial Technology and Modern Digital Banking System provides a detailed and application-oriented study of the technologies, platforms, and business models driving the evolution of financial services. The book begins with the fundamentals of banking and financial systems before examining the emergence of FinTech and its transformative impact on banking operations, payment systems, lending, investment management, insurance, and wealth management.
The text explores modern digital banking services, including internet banking, mobile banking, digital wallets, electronic payment systems, open banking, and embedded finance. It also discusses key technologies such as blockchain, artificial intelligence, machine learning, cloud computing, big data analytics, and application programming interfaces (APIs), illustrating their role in improving efficiency, security, and customer engagement.
A significant focus is placed on financial regulation, cybersecurity, data privacy, Know Your Customer (KYC), Anti-Money Laundering (AML) compliance, and regulatory technology (RegTech). The book further examines emerging trends such as central bank digital currencies (CBDCs), decentralized finance (DeFi), digital identity management, and sustainable digital finance.