The Economics of FinTech

Understanding Digital Transformation in Financial Services

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Hardcover
$100.00 US
On sale Apr 22, 2025 | 480 Pages | 9780262049535

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A groundbreaking, comprehensive exploration of how FinTech innovation is reshaping finance.

Technological innovation has shaped the role of finance since the introduction of the ATM in the 1960s, but never more consequentially than by the massive digital revolution in the financial services industry known as FinTech. The Economics of FinTech is a comprehensive introduction to this rapidly evolving and increasingly important domain, and a groundbreaking exploration of how FinTech is reshaping finance. Michael Imerman and Frank Fabozzi distill the dynamic developments of this multidisciplinary field into a cohesive, accessible guide that covers the economic underpinnings of FinTech innovation, framed within the established principles of financial intermediation, management theory, and data science. Coverage includes in-depth analysis of emerging technologies and innovations across various sectors of financial services as well as the entrepreneurial finance of FinTech such as funding, valuation, and startup management. 

  • The first book to examine the economic principles of FinTech innovation 
  • Comprehensive coverage of financial technologies across various sectors in financial services 
  • Ideal for undergraduate and graduate students as well as entrepreneurs, investors, and finance professionals
  • Instructor resources include solutions, slides, and case studies
PART I – Conceptual Framework
Chapter 1: FinTech Innovation
Chapter 2: Economics of the FinTech Revolution
Chapter 3: Data Science and Its Role in FinTech
Chapter 4: Financial Intermediation
Part II – Managing and Financing FinTech
Chapter 5: Risk and Risk Management for FinTech
Chapter 6: Sources of Financing for FinTech Companies
Chapter 7: Financing Vehicles and Equity Options
Chapter 8: How to Value a FinTech Startup
Part III – FinTech Deep Dives
Chapter 9: Payments Technology
Chapter 10: Digital Banking
Chapter 11: FinTech Lending
Chapter 12: Digital Wealth Management
Chapter 13: InsurTech
Chapter 14: PropTech and Real Estate FinTech
Chapter 15: Decentralized Finance and Blockchain Technology
Michael B. Imerman is Assistant Professor of Teaching in the finance area at Paul Merage School of Business at the University of California, Irvine and a consultant for companies ranging from large financial institutions to startups. A former Wall Street analyst and visiting scholar in the FinTech group at the Federal Reserve Bank of San Francisco, he currently serves on the editorial advisory board of the Journal of Financial Data Science.

Frank J. Fabozzi is Professor of Practice at Johns Hopkins Carey Business School. He has held positions at EDHEC Business School, Princeton, MIT, NYU, and Carnegie Mellon. He is the author of Capital Markets (fifth edition) and Entrepreneurial Finance and Accounting for High-Tech Companies and coauthor of Foundations of Global Financial Markets and Institutions, all published by the MIT Press.

About

A groundbreaking, comprehensive exploration of how FinTech innovation is reshaping finance.

Technological innovation has shaped the role of finance since the introduction of the ATM in the 1960s, but never more consequentially than by the massive digital revolution in the financial services industry known as FinTech. The Economics of FinTech is a comprehensive introduction to this rapidly evolving and increasingly important domain, and a groundbreaking exploration of how FinTech is reshaping finance. Michael Imerman and Frank Fabozzi distill the dynamic developments of this multidisciplinary field into a cohesive, accessible guide that covers the economic underpinnings of FinTech innovation, framed within the established principles of financial intermediation, management theory, and data science. Coverage includes in-depth analysis of emerging technologies and innovations across various sectors of financial services as well as the entrepreneurial finance of FinTech such as funding, valuation, and startup management. 

  • The first book to examine the economic principles of FinTech innovation 
  • Comprehensive coverage of financial technologies across various sectors in financial services 
  • Ideal for undergraduate and graduate students as well as entrepreneurs, investors, and finance professionals
  • Instructor resources include solutions, slides, and case studies

Table of Contents

PART I – Conceptual Framework
Chapter 1: FinTech Innovation
Chapter 2: Economics of the FinTech Revolution
Chapter 3: Data Science and Its Role in FinTech
Chapter 4: Financial Intermediation
Part II – Managing and Financing FinTech
Chapter 5: Risk and Risk Management for FinTech
Chapter 6: Sources of Financing for FinTech Companies
Chapter 7: Financing Vehicles and Equity Options
Chapter 8: How to Value a FinTech Startup
Part III – FinTech Deep Dives
Chapter 9: Payments Technology
Chapter 10: Digital Banking
Chapter 11: FinTech Lending
Chapter 12: Digital Wealth Management
Chapter 13: InsurTech
Chapter 14: PropTech and Real Estate FinTech
Chapter 15: Decentralized Finance and Blockchain Technology

Author

Michael B. Imerman is Assistant Professor of Teaching in the finance area at Paul Merage School of Business at the University of California, Irvine and a consultant for companies ranging from large financial institutions to startups. A former Wall Street analyst and visiting scholar in the FinTech group at the Federal Reserve Bank of San Francisco, he currently serves on the editorial advisory board of the Journal of Financial Data Science.

Frank J. Fabozzi is Professor of Practice at Johns Hopkins Carey Business School. He has held positions at EDHEC Business School, Princeton, MIT, NYU, and Carnegie Mellon. He is the author of Capital Markets (fifth edition) and Entrepreneurial Finance and Accounting for High-Tech Companies and coauthor of Foundations of Global Financial Markets and Institutions, all published by the MIT Press.