Banking in the Shadow of Cryptocurrencies
Description
This book offers an in-depth exploration of the rapidly evolving landscape of banking in the era of cryptocurrencies. The authors shed light on the pressing financial security challenges that traditional banks confront as cryptocurrencies continue to gain traction. Furthermore, the book provides a nuanced analysis of the dual-edged nature of cryptocurrencies, exposing both the risks and opportunities they present to banking institutions. On one hand, the book reveals the significant disruptions that cryptocurrencies cause to the traditional financial system, threatening to upend the status quo. On the other hand, it highlights the vast potential benefits that cryptocurrencies can bring to banks, from increased efficiency and reduced costs to new revenue streams and innovative business models.
The book serves as a guide for traditional financial institutions, providing a roadmap for navigating the uncharted waters of the crypto market. It offers practical advice and strategic insights on how banks can adapt to the new norm, mitigate the risks associated with cryptocurrencies, and capitalize on the opportunities they present. For policymakers, the book provides a valuable framework for developing informed and effective regulations that can help traditional financial institutions survive and thrive in a crypto-dominated landscape. The book offers a timely and authoritative analysis of the challenges and opportunities presented by cryptocurrencies, providing a valuable resource for academics, practitioners, and policymakers alike. By understanding the implications of cryptocurrencies on the financial system, policymakers can create mechanisms to mitigate the risks and unlock the potential benefits of this emerging technology.
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Persons
Dr. Bronson Mutanda is a Lecturer in the Department of Applied Business Sciences at Manicaland State University of Applied Sciences and a Researcher at the University of KwaZulu-Natal, South Africa. With over 16 research papers published in high-impact, peer-reviewed journals, his research focuses on SME financing, financial inclusion, financial reporting, the informal sector, digital finance, personal financial management, and microfinancing. Mr. Mutanda is also an accomplished grant research project expert, having contributed to the INSETA grant project in South Africa.
Professor Bomi Cyril Nomlala is a Professor of Auditing at the University of KwaZulu-Natal (South Africa) and Director of the Self-Funded Teaching Programme. He holds a PhD in Accounting and has published extensively on financial capability, governance, ESG, and forensic auditing. Prof. Nomlala has successfully led large-scale research projects funded by INSETA, Liberty, and other national entities. His research interests focus on insurance transformation, investment behavior, and the intersection of digitalization and financial literacy. He has served on national academic panels, including the NRF CPRR and Y-Rated committees, and chaired program reviews for UNISA and CPUT.
Admire Mthombeni (PhD) is currently a Postdoctoral Research Fellow in the Graduate School of Business and Leadership at the University of KwaZulu Natal, South Africa. He is a Senior Lecturer: Applied Business Sciences Department, Manicaland State University of Applied Sciences, Zimbabwe). He is a multidisciplinary researcher with main focus in Environmental Social Governance (ESG), Corporate Governance, Strategic Management, Sustainability and Social Responsibility in Business, Leadership and Entrepreneurship, Policing and crime strategy.
Content
The Token Economy: Cryptonomics Foundations, Opportunities, and Threats to Traditional Banking in the Global South.- Strategic Opportunities for Traditional Banks and Other Financial Institutions in the Advent of Cryptocurrencies and Blockchain Technologies.- Cryptocurrencies, Central Bank Digital Currencies and the Future Payments Landscape for Banking Institutions.- Cryptocurrencies and Their Impact on Global Trade Finance and Supply Chain Banking.- Blockchain Technology Adoption and Financial Institutions in Sub-Saharan Africa.- A Strategic Roadmap for Blockchain Integration in African Banking.- Strategic Pathways for Traditional Banks Competing in a Cryptocurrency-Influenced Market.- Readiness Assessment and Enhancement Strategies for Cryptocurrency Integration in Zimbabwean Banks.- Building Crypto-Ready Banking Workforces: Human Resources Strategies for Adoption, Upskilling and Change Management.- Navigating the Shadow of Cryptocurrencies: Leveraging Blockchain to Enhance Transaction Traceability, Transparency and Immutability in Zimbabwe's Banking Sector.- Navigating Security Risks in Cryptocurrency Banking: Mitigation Strategies for Financial Institutions.- Risk and Compliance Management in Cryptocurrency-Integrated Institutions.- Transformative Imperatives for the Banking System Through Blockchain Enterprise Architecture Integration.- Decentralized Finance and the Evolution of Derivative Contracts: Implications for Banks Operating in the Shadow of Cryptocurrencies.- From Cash to Crypto: Reimagining Banking Products for Women Entrepreneurs in a Digital Future in Southern Africa - A Systematic Review.- Smart Cities and Blockchain: The Role of Banks in Crypto-Enabled Public Infrastructure.- Systemic Shadows: Decentralised Volatility and the Fragility of Global Banking Systems.