Dgtl BANKING AND FINANCE: A HANDBOOK: A Handbook

Finance is undergoing a profound transformation. Dgtl technologies are reshaping payments, lending, insurance, and wealth management. Big data technology is now an integral part of the financial services industry and will continue to drive future innovation. Dgtl finance has fundamentally changed how we live and do business, and it has been a major disruptor of the finance industry. The advantages of dgtl finance have long been recognized. Rapidly growing dgtl technologies also have the potential to deliver financial services at significantly reduced costs, thereby increasing financial inclusion and generating significant efficiency improvements across the economy. To build inclusive societies and address rising inequalities, global and national leaders must bridge the dgtl divide across and within countries to reap the benefits of dgtl financial services and build appropriate regulatory frameworks for ensuring trusted transactions in a dgtlized economy. This means finding the right balance between enabling financial innovation and addressing risks, including insufficient consumer protection, a lack of financial and dgtl literacy, unequal access to dgtl infrastructure, and data biases that need action at the national level.This book focuses on financial technology, with a particular emphasis on the impact of dgtl finance on the finance and banking industries. Chapters address topics such as FinTech, big data, Bitcoin, corporate governance, and economic policy, while also considering current global issues like climate change and the COVID-19 pandemic. Supported by the most recent research and illuminating case studies, this handbook offers an insightful overview of how the finance and banking sectors are changing under the influence of the dgtl age.Contents: FinTech: The Dgtl Era of the Financial Industry (Shan Jin and Christopher Gan) Role of Dgtl Technology in the Financial Industry (Muhammad Azam, Irfan Channi, and Muhammad Haroon) Impact of Dgtl Finance on Global Climate Change: Sectoral Evidence (Muhammad Shahzad Ijaz, Mushtaq Hussain Khan, and Ujala Siddique) How Does Financial Inclusion Affect Bank Stability in Emerging Economies? (Runguo Xu) Navigating the Dgtl Finance Landscape Amid COVID-19: A Bibliometric Analysis (Jatin Kumar Jaiswal and Dharen Kumar Pandey) A Review on the Dgtl Finance Revolution, Trends and Global Impacts (Mahnoor Hanif, Bushra Zulfiqar, Rashid Mehmood, and Bushra Bibi) Dgtl Innovation in Insurance (Jamaltul Nizam Bin Shamsuddin, Christopher Gan, and Dao Le Trang Anh) Big Data Applications in Banks: Systematic Review and Future Research Agenda (Vikesh Kumar, Gul Afshan, Adnan Manzoor, Mansoor Ahmed Khuhro, and Muhammad Hussain) Dgtl Assets in Disarray: Unraveling Herd Behavior Amid COVID-19 and the Russia-Ukraine War (Tanveer Bagh, Mirza Muhammad Naseer, and Kainat Iftikhar) Forecasting Bitcoin: A Comparative Analysis of Traditional versus Machine Learning Approach (Muhammad Arslan, Akmal Shahzad, Anum Shafique, and Wajid Shakeel Ahmed) Does Economic Policy Uncertainty Predict Cryptocurrency Returns? (Muhammad A Cheema, Kenneth R Szulczyk, and Elie Bouri) Valuation of Bank Shares in the Dgtl Age: A Case Study of a South African Bank (Vusani Moyo and Ayodeji Michael Obadire) Exploring the Intersection of Corporate Governance and Dgtl Finance: Risks, Rewards and Policy Ramifications (Muhammad Azam, Imran Lohdi, Muhammad Haroon, and Hammad Ali) Assets Tokenization: Prospects and Challenges (Asad Abbas, Ghulam Hussain Khan Zaigham, and Arslan Ali Raza) The Future of Money: A Review on Central Bank Dgtl Currencies (Bushra Zulfiqar, Faten Moussa, and Mahnoor Hanif) How Does Dgtl Financial Inclusion Influence Bank Innovation Capability in China? Evidence from a Risk-Taking Perspective (Yi Zhou) Readership: This book is suitable for academics and students in the areas of dgtl finance in investment management, dgtl finance in banking, dgtl transformation of finance, and dgtl accounting. The book is also suitable for practitioners.Professor Christopher Gan is Head of the Department of Financial and Business Systems, Lincoln University, Christchurch, New Zealand. He is an Adjunct Professor of the Mittal School of Business, Lovely Professional University, Punjab, India, and of Finance and Economics at the Faculty of Economics & Business, Universitas Airlangga, Surabaya, Indonesia. He is also the Minjiang Scholar Distinguished Professor at the College of Economics and Finance, Fujian Agriculture and Forestry University, Fuzhou, China, and has been a visiting professor at the Chonnam National University International Summer Session, Gwangju, South Korea, since 2017. Prof Gan has over 250 journal publications (most of which are in Web of Science Clarivate Analytics and Scopus) and chapters in books and edited and fully refereed conference proceedings volumes, is the associate editor of the International Journal of Bank Marketing and a member of the editorial boards of 15+ international journals, and has guest co-edited special issues of the following Web of Science Clarivate Analytics or Scopus journals: Sustainability (MDPI), Energies (MDPI), Journal of Risk and Financial Management (MDPI), and Journal of Financial Economic Policy (Emerald Pub). His research areas include applied economics, quantitative finance, risk and financial management, banking, microfinance, and Asian financial economics. He has won several awards for excellence in teaching, including the New Zealand National Teaching Excellence Award in 2003.Dr Nirosha Hewa-Wellalage's main area of research centres on issues related to corporate finance practices. Her main research goal is to explore the ways marginalised firms, such as micro, small and medium firms (SMEs), firms owned by females and ethnic minorities, and refugees financing their firms, can find ways to be sustainable in the long run while contributing to economic development. She has published in leading international journals including Journal of Business Ethics, Small Business Economics, and International Review of Financial Analysis. Dr Nirosha was awarded the International Corporate Governance Network (ICGN) Outstanding Scholar Award, Young Researcher Award - Baku World Science Forum, and Early Career Research Excellence Award from the Modelling and Simulation Society of Australia and New Zealand (MSSANZ). Currently, she is a principal researcher for three research grants from the Accounting and Finance Association of Australia and New Zealand (AFAANZ). Also, Dr Nirosha recently received a Lottery Community Sector Research grant with researchers from the University of Canterbury and Refugee Orientation Centre, New Zealand. Dr Nirosha has also served as an examiner for several Masters and PhD theses. She serves as an editorial board member and reviewer of top-rank journals. Dr Ahmed Imran Hunjra is currently an Associate Professor of Finance at the Rabat Business School, International University of Rabat, Morocco. He has over thirteen years of teaching experience in Finance and Quantitative Methods across a large number of universities internationally. His current area of research interest is in the domain of corporate finance, with a strong passion for topics related to the integrity and reputation of corporations, e.g., transparency, accountability, responsibility, fairness, and sustainability. He is a prolific author and has published in a broad range of highly cited international research journals, including International Review of Financial Analysis, Journal of International Financial Markets, and Institution & Money. He is a senior area editor of the International Journal of Emerging Markets and sits on the editorial board of several ABS & ABDC indexed journals. Recently, he won the Best Researcher Award 2022 from Rabat Business School, Outstanding Reviewer Award 2021 & 2023 from Emerald Literati, Distinguished Reviewer Award 2021 from Virtus Interpress, Best Paper Award 2022 & 2023 from the Institute of Chartered Accountants of India (ICAI), and International Research Award and Best University Teacher Award 2020 from PMAS-Arid Agriculture University Rawalpindi, Pakistan. He has supervised six PhDs and over fifty MS/MPhil scholars to successful completion.