Digitalization and the Future of Financial Services Innovation and Impact of Digital Finance

This book develops insights of digitalization and the future of financial services to originate an innovative approach to financial field, in order to underpin research and practice in the wide area of digital finance. The aim of this book is to extend our understandings on how digitalization and the future of financial services can be helpful in different business circumstances in many cross-functional financial areas, such as financial markets, financial risk management, financial technologies, investment finance, etc. Thus, the book aims at addressing the relevance of digital finance for different players, highlighting differences in tools and processes as well as identifying innovative practices in financial digitalization. This can result in some novel theoretical and practical insights that can foster financial players, in order to proactively explore and exploit opportunities in financial digitalization and  offset financial risks and increase efficiency.

Chapter 1. Digital Finance and Financial Services.- Chapter 2. Innovation and Fintech.- Chapter 3. Central Bank and Fintech: Regulatory Challenges and Framework.- Chapter 4. The Dematerialization of Money in the Age of Covid-19 Pandemic: A New Future for Digital Finance?.- Chapter 5. International Financial Markets in the Digital Era.- Chapter 6. Response of BTC Market to Social Media Sentiment: Application of Cross-quantilogram With Bootstrap.- Chapter 7. The Impact of Digitalization on the Introduction of Innovations into BFSI Activities.- Chapter 8. AI, Blockchain, and IoT.- Chapter 9. Role of Digital Financial Inclusion in Promoting Economic Growth and Freedom.- Chapter 10. Nexus of Digitalization, Social and Governance Factors.- Chapter 11. Risk of Digitalization and Financial Freedom.

Dr. Darko B. Vukovic is full professor and the Head of the International Laboratory for Finance and Financial Markets at Faculty of Economics, People’s Friendship University of Russia (RUDN University), in Moscow, Russia. Since 2008, dr Darko Vukovic works at Geographical Institute "Jovan Cvijic" of the Serbian Academy of Sciences and Arts, at position Head of Department of regional geography. He has published more than 60 papers indexed in leading index databases: Web of Science (Clarivate Analytics), Scopus and ABS (CABS), including leading journals in the field of finance and financial forecasting (Expert Systems with Applications, Financial Innovations, Physica A: Statistical Mechanics and its Applications, Research in International Business and Finance, International Journal of Finance and Economics, North American Journal of Economics and Finance, and more). The research interests of Prof. Vukovic are financial markets, financial forecasting, financial risk management, investment finance and regional economics. In 2017, he received Honorary Doctor of Excellence, honoris causa (Excellentia Doctor), from CIAC - Confederation of International Accreditation Commission in Mumbai, India.

Dr. Moinak Maiti is one among the top 5% economists in Russia. Beside an author he is an active speaker and invited to share the World renowned platforms of World Bank, United Nations, World Trade Organization (WTO Studies), SAS®, Bloomberg LP, Max Plank Society, PEP Canada, Ivy League Universities and many others. He is in the editorial board members of several International Journals published by Elsevier, Emerald, Wiley and other reputed publishing houses. 

Dr. Elena M. Grigorieva is the deputy dean for science of the Faculty of Economics of the RUDN University. She also the head of the Department of Finance and Credit of the Faculty of Economics of the RUDN University, where she is program director of the master’s program "Modern Financial Technologies in Investment and Banking Business". Dr. Elena Grigorieva's research is devoted to banking, financial man-agement, new financial tools, and sustainable development. She is the author of more than a hundred scientific papers in the field of finance and economics.