FinTech For Dummies, reviewed

Review of FinTech For Dummies, by Steven O’Hanlon, Susanne Chishti, Brendan Bradley, James Jockle, Dawn Patrick, available from Wiley here.

A hands-on guide is the go-to source for everything you need to confidently navigate the ever-changing scene of this booming industry. FinTech For Dummies will shed light on this rapidly changing landscape making it an invaluable source of information for anybody working in or interested in this space. This book provides insights, knowledge and guidance from industry experts Steve O’Hanlon and Susanne Chishti on the following:

Gaining insight fastest growing market segment of the financial markets
Learning the core decision making to effect a growth plan
Securing knowledge of the fastest growing fintech companies in the world
Navigating the fintech world
The ingredients into building a FinTech company

FinTech For Dummies, reviewed

As you can imagine a ‘for dummies’ book does a lot of things right, and this book does score well in many of those aspects. The range is good, the topics covered are logical, and make sense in terms of what was selected. The authors, with two caveats that we will discuss further in due course, know their subject well, and this ensures you have good guides to take you through this subject in a competent way. There are several things to like about this book.

Our first, small concern, was should this book perhaps been written three to five years ago. The co-author Susanne Chishti has already in-effect edited and authored the logical books that you would have imagined would have followed from this broader fintech book. Her series on Regtech, Insurtech and most recently Legaltech have excellently delivered deeper dives into particular aspects of emergent technologies within the much broader umbrella of ‘fintech’.

One could even argue that we have perhaps reached the point where fintech has now become arguably redundant and meaningless, and that you could produce a book on each of the subthemes, which Chishti already has. So why now then, now, a fintech for dummies book? Maybe it will work, maybe it still feels a need?

Our second and more concerned caveat is that repeatedly the business of one of the authors is referenced and referred to as a case study, while only mentioning this at an arm’s length and in third party terms, whereas the lead author was actually the CEO of the company in question. If this was a book about their journey then fair enough, but to repeatedly shoehorn these mentions into a book that is ostensibly about fintech and not their company story feels a bit dubious.

Not unlike the recent #potus45 touting a covid cure for a company in which he had invested. As the references recur repeatedly throughout the book it did diminish the value of the overall work for us.

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