Global Fintech Revolution: Practice, Policy, and Regulation.

The book "Global Fintech Revolution: Practice, Policy, and Regulation" by Lerong Lu explores the impact of financial technology (fintech) on traditional banking practices, consumer behaviors, and regulatory frameworks worldwide. Lu's comprehensive analysis covers various fintech developments, practices, and policies, with a focus on regulatory challenges. The book examines fintech from multiple perspectives using Lu's Analysis Model, offering insights into the dynamic fintech landscape, including discussions on central bank digital currencies and other innovations. While the book emphasizes the potential benefits of fintech in democratizing finance, it also acknowledges the need for balanced regulatory approaches to address risks such as data privacy and cybersecurity threats. [Extracted from the article]