The boundaries of fintech : Data-driven classification and domain delimitation

• Fintech is a phenomenon that spans the fields—and industry classifications used in company registration databases—of both Finance and Technology This has resulted in unclear definitions of fintech, where some definitions define fintech in terms of financial services and others define it in terms of technologies. Consequently, studies on fintech and their results may not be directly comparable, and fintech firms are hard to identify using company registration data. This has implications for understanding the phenomenon of fintech, as well as for policy-making and regulatory efforts reliant on these definitions and data.This chapter uses machine learning and Swedish companies’ registry data to identify and define fintech firms, and associated fintech domains. The methodology relies on free text firm description data. It also explores the usefulness and limits of industry classification (SIC) codes in identifying these field-spanning firms, and by extension the boundaries and domains of fintech in a data-driven rather than model-driven understanding of fintech.

Ämnesord

SAMHÄLLSVETENSKAP  -- Annan samhällsvetenskap -- Tvärvetenskapliga studier inom samhällsvetenskap (hsv//swe)

SOCIAL SCIENCES  -- Other Social Sciences -- Social Sciences Interdisciplinary (hsv//eng)

SAMHÄLLSVETENSKAP  -- Ekonomi och näringsliv -- Företagsekonomi (hsv//swe)

SOCIAL SCIENCES  -- Economics and Business -- Business Administration (hsv//eng)

SAMHÄLLSVETENSKAP  -- Medie- och kommunikationsvetenskap -- Systemvetenskap, informationssystem och informatik med samhällsvetenskaplig inriktning (hsv//swe)

SOCIAL SCIENCES  -- Media and Communications -- Information Systems, Social aspects (hsv//eng)

Nyckelord

fintech

classification

sweden

registry data

Information Systems

Informationssystem

Publikations- och innehållstyp

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