Frontiers of Financial Technology 

Financial technology innovation has exploded in the popular consciousness, and promises a radical transformation of the global financial services industry. Over $20 billion is expected to be invested in fintech projects in 2016. How can executives, investors, and entrepreneurs make sense of the new inventions that are driving this change?

MIT Professor Alex “Sandy” Pentland, called by Forbes one of the seven most powerful data scientists on the planet, is joined by fintech intrapreneur and educator David Shrier in curating an exploration of several major trends and technologies that are changing the face of financial services. Coauthors include Deven Sharma, the former President of S&P, Oliver Goodenough, a global authority on emerging areas of law and policy, and Alex Lipton, the former head of quantitative analytics for Bank of America Merrill Lynch. From blockchain to artificial intelligence, this series of articles helps the reader grapple with this exciting area of technology innovation.

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Investigate the changing face of financial services

About the Editors

Blockchain: a wide-spanning look at the implications of blockchain technology across transactions, markets, data security, and more.

Mobile Money and Payments: what's happening now, what are the antecedents, and what does the future hold in payments and mobile money?

Prediction Markets: harness wisdom of the crowds to predict the future, with human-machine systems forging a new level of accuracy and reliability.

Digital Banking Manifesto: transcend the "lipstick on a pig" paradigm of fancy front-ends with old-line back office, into a new future of "invisible banking". 

Policy and Regulation: get an inside look at how policymakers think about regulating fintech, and explore idea frameworks that could make for a more enlightened policy environment.

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Professor Alex “Sandy” Pentland holds a triple appointment at the Massachusetts Institute of Technology in the Media Lab (SA+P), School of Engineering and School of Management. He also directs MIT’s Connection Science initiative, the Human Dynamics Laboratory and the MIT Media Lab Entrepreneurship Program, and has been a member of the Advisory Boards for Google, Nissan, Telefonica, Tencent, and a variety of start-up firms. For several years he co-led the World Economic Forum Big Data and Personal Data initiatives. He has pioneered the fields of wearable computing and computational social science, generating several successful startups and technology spinoffs. Sandy was recently named by the Secretary-General of the United Nations to the Independent Expert Advisory Group on the Data Revolution for Sustainable Development. Sandy has previously helped create and direct MIT’s Media Laboratory, the Media Lab Asia laboratories at the Indian Institutes of Technology, and Strong Hospital’s Center for Future Health. In 2012 Forbes named Sandy one of the “seven most powerful data scientists in the world”, along with the founders of Google and the CTO of the United States, and in 2013 he won the McKinsey Award from Harvard Business Review. Prof. Pentland’s books include Honest Signals and Social Physics. He was named to the National Academy of Engineering in 2014. Sandy holds a BGS from the University of Michigan and a Ph.D. from MIT.


Current perspectives on fintech innovation

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David Shrier is a seasoned innovation catalyst.  He is currently Managing Director of MIT Connection Science and leads creation and launch of other new initiatives for the Massachusetts Institute of Technology. David is also on the advisory board of WorldQuant University, a program offering a totally-free, accredited, online Master's degree in analytics.  David recently advised the European Commission on commercializing innovation with a focus on digital technology. He specializes in building new revenue on established platforms, having developed $8.5 billion of growth opportunities with companies including GE/NBC Universal, Dun & Bradstreet, Wolters Kluwer, Disney, Ernst & Young, AOL Verizon, and Starwood, as well as leading private equity and VC funds. He has started and/or led a number of private equity and venture capital-backed companies as CEO, CFO or COO. David teaches courses and workshops for MIT such as "Future Commerce", “Data Academy”, “Big Data and Social Analytics”, and “Future Health”. David Shrier was granted an Sc.B. from Brown University in Biology and Theatre. Frontiers of Financial Technology is his first book.  He and Sandy Pentland are now working on a book about trust & data together with Thomas Hardjono.

Expeditions in future commerce, from blockchain and digital banking to prediction markets and beyond