The FINTECH Book – the global financial technology handbook for bankers, investors and entrepreneurs – is to be officially released on the 1st of April by the famous publisher Wiley.
I am a proud co-author of the book therefore instead of a regular review I will tell you about my experience throughout the process of creating this unique book. But first, let me please call your attention to an exclusive global book-launch event where participants can meet editors, authors and fellow readers while pocketing their signed copies of this primary guide to the financial technology revolution!
The FINTECH Book, exclusive global book-launch event:
- What? Global Book Launch Event
- Where? The Shard – Level 17, 32 London Bridge St, London SE1 9SG, United Kingdom
- When? Wednesday, March 23, 2016 from 6:00 PM to 10:00 PM (GMT)
- Why? Meet the authors, Receive a signed copy of the book prior to official release, Network with the crème of global FinTech over drinks & canapes with a stunning view across London’s skyline
- How? Sign up for the event here.
The process of creating the book as I saw it:
In March 2015 I saw a post on LinkedIn that authors are needed for a crowdsourced book about FinTech. 300 word abstracts have to be sent to the editors (Susanne and Janos) for application.
I sent in my preliminary abstract on the 1st of April, 2015. What a symbolic date: exactly 1 year before the official release by Wiley. But little did I know that this loose online project would come this far!
What I recognized at that point was that both Susanne and Janos (Susanne Chishti and Janos Barberis, the editors) were knowledgeable, kind, prompt, enthusiastic and supporting.
It quickly turned out that the crowdsourcing effort of Susanne and Janos worked beyond imagination: 188 abstracts have arrived in from all over the world.
The amazing quantity and quality of applications posed a challenge: how to select the truly very best ones? The editors came up with the solution: the abstracts were exposed for a fixed time and readers could vote for them. The most popular ones were chosen to be included in the book.
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And at this point Wiley popped up and took the project into their portfolio. This is how the informal LinkedIn post searching for potential people wanting to write into an online book became top-class reality.
And there is something highly remarkable about this process: the way the internet made it possible for over a hundred people to easily cooperate globally on a serious project is exactly the way internet opened up the world for thousands of nimble FinTech startups to challenge the status quo of brick and mortar incumbent financial services providers. So the very process of the creation of this book was hard-core proof in itself of the relevance of it.
But what took Susanne and Janos to the first milestone – to release a post on LinkedIn searching for authors for a crowdsourced book about FinTech? Let’s ask the most authentic person!
David Gyori: What motivated you to start crowd-sourcing a book about FinTech?
Susanne Chishti: When I met Janos Barberis, founder of FINTECH HK in London for a coffee we both shared our disappointment that there was no FINTECH book available which explains the whole FINTECH sector. We wanted to understand how the “FINTECH revolution” will change retail, corporate and investment banking, asset management and private banking, the opportunities of Blockchain technologies, and much more. We wanted to learn more about global FINTECH entrepreneurs and leading FINTECH hubs and how FINTECH addresses the challenge of the unbanked sector. Finally we also wanted to investigate FINTECH sub-sectors across insurance and regulatory change and fully explore how to invest into FINTECH firms from angel investors to corporate venture arms.
We soon realized that our expectations were too much for any single author and this global knowledge and insight could only be found by combining the expertise of the best FINTECH entrepreneurs, investors, and visionaries globally. So The FINTECH Book was born!
David Gyori: Why do you recommend this book to Finance Magnates readers?
Susanne Chishti: The FINTECH Book is highly recommended for all Finance Magnates readers as it allows them to completely understand this booming sector, to literally hold the FINTECH ecosystem in their hands. The book also includes a complete directory of all authors, thus allowing the readers to personally engage with subject matter experts globally.
You can pre-order the 312 page book through Amazon via this link.
The book has a dedicated website: www.thefintechbook.com and Twitter handle: @thefintechbook