The Rise of Tech Giants
A Game Changer in Global Finance and Politics
Summary
Excerpt
Table Of Contents
- Cover
- Title
- Copyright
- About the author(s)/editor(s)
- About the book
- This eBook can be cited
- Table of Contents
- Figures
- Tables
- Acknowledgments
- Foreword (Franco Passacantando)
- Introduction
- Part One
- Chapter 1: Comparative Advantages (Nicola Bilotta and Simone Romano)
- 1.1 Technology: a crucial component
- 1.2 Reputation and trust
- 1.3 Information accumulation and big data analysis
- Chapter 2: Business Models and Strategies (Nicola Bilotta and Simone Romano)
- 2.1 Amazon
- 2.2 Google, Apple and Facebook
- 2.3 Competitors or frenemies?
- 2.4 Partnerships: a win–win solution
- Chapter 3: Regulatory Framework: A Barrier or a Trigger for Change? (Nicola Bilotta and Simone Romano)
- 3.1 PSD2 between data access and enhanced competition
- 3.2 Open Banking in the UK: a global pioneer
- 3.3 The new regulatory framework: an opportunity for Techfin
- Chapter 4: Case Studies: Alibaba in China and Rakuten in Japan (Nicola Bilotta and Simone Romano)
- 4.1 Alibaba, a giant from China
- 4.1.1 MYbank, a technological bank
- 4.1.2 Ant Financial conglomerate
- 4.2 Rakuten, a global technology ecosystem
- 4.2.1 From an e-commerce store to a multi-business corporation
- 4.2.2 Rakuten Bank’s development
- Chapter 5: Political Implications (Nicola Bilotta and Simone Romano)
- 5.1 Size does matter
- 5.2 Fiscal and financial issues
- 5.3 Digital identity
- Part Two: Focus
- Focus 1: The Fintech Ecosystem: An Italian Perspective (Filippo Renga, Laura Grassi and Nadir Snouno)
- Focus 2: Established Banks and Tech Giants – Friends or Competitors? (Francesca Rosati and Teresa Spada)
- Focus 3: The Development of Digital Strategy and Business Models in Banking Activities (Cristiana Schena and Alessandra Tanda)
- Focus 4: Big Data Companies in Banking and Financial Services Markets: An Antitrust Issue? (Mariateresa Maggiolino)
- Focus 5: Information Technology Innovations, Tech Giants and the Fintech Industry (Fabrizio Virtuani)
- Focus 6: Data Sovereignty: The European Way to Foster Competition in the Digital Economy (Nicolò Romani and Giancarlo Sfolcini)
- Conclusion (Nicola Bilotta and Simone Romano)
- Series index
Figure 1: New ways of banking
Figure 2: Top 10 retail banking trends and predictions for 2018
Figure 3: Would you trust them with your money?
Figure 4: Desire for GAFA banks
Figure 5: E-commerce payments in 2016
Figure 6: Interaction model of payment services
Figure 7: Alibaba’s ecosystem
Figure 8: Increase between 2016 and 2017 by annual percentage
Figure 9: Rakuten ecosystem
Figure 10: Rakuten disaggregated revenue in 2017
Figure 11: Revenue of the Fintech segment
Figure 12: Some of the largest tech giants and banks by market capitalisation ($ billion)
Figure 13: Some of the largest tech giants and banks by profits ($ billion)
Figure 14: Effective average tax rate in EU28: the digital advantage
Figure 15: Distribution of startups by geographical area
Figure 16: Distribution of the main types and financing
Figure 17: Difference in funding according to the individual success factors
Figure 18: Strategic positioning of the financial services offered by non-financial companies
Figure 19: Perceived gaps with Fintechs and Big Techs
Figure 20: World by GDP and Gini Index ← 9 | 10 →
Figure 21: Two-sided market logical model
Figure 22: Companies by operating income/revenue
Figure 23: Model on personal identity regulation
Figure 24: The future of digital identities
Table 1: GAFA and financial services
Table 2: Big tech firms by core business
Table 3: Presence on apps
This book has come about thanks to the strategic partnership between IAI (Istituto Affari Internazionali) and Intesa Sanpaolo and with the support of Intesa Sanpaolo.
We are especially grateful to all the people and institutions who have contributed and improved this research effort. The list includes Jean-Pierre Darnis, Savino Damico, Hugo Doyle, Laura Grassi, Antonio La Mura, Alessandro Longoni, Mariateresa Maggiolino, Federico Orsi, Francesco Renga, Nicolò Romani, Francesca Rosati, Cristiana Schena, Martina Scopsi, Giancarlo Sfolcini, Alfonso Siano, Mark Smitham, Nadir Snuono, Teresa Spada, Romano Stasi, Alessandra Tanda, Stefania Vigna and Fabrizio Virtuani. And the following institutions: ABI Lab; AssoFintech; Banca d’Italia; Fintech District; the Fintech & Insurtech Observatory of the School of Management-Politecnico di Milano. Intesa Sanpaolo; and Microsoft.
In addition, our thanks go to Franco Passacantando, who has been an invaluable advisor during the entire journey of this project.
This book would have not seen light of day without the support of the staff at IAI who have been involved in this project in different capacities, in particular Alessandra Bertino and Davide Ceccanti.
Last but not least, our deepest gratitude goes to Lorenzo Kamel and the editorial staff of Peter Lang, who have believed in this project.
Details
- Pages
- 166
- Publication Year
- 2019
- ISBN (PDF)
- 9783034338684
- ISBN (ePUB)
- 9783034338691
- ISBN (MOBI)
- 9783034338707
- ISBN (Softcover)
- 9783034338486
- DOI
- 10.3726/b15941
- Language
- English
- Publication date
- 2019 (October)
- Keywords
- Global finance Fintech Banking industry Big data Technology Global governance
- Published
- Bern, Berlin, Bruxelles, New York, Oxford, Warszawa, Wien, 2019. 164 pp., 23 fig. col., 1 fig. b/w, 3 tables.
- Product Safety
- Peter Lang Group AG
