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The evolution of th...
The evolution of the financial technology ecosystem : An introduction and agenda for future research on disruptive innovations in ecosystems
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- Palmié, Maximilian (author)
- University of St.Gallen, St.Gallen, Switzerland
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- Wincent, Joakim (author)
- University of St.Gallen/Hanken, School of Economics, Entrepreneurship and Management, St.Gallen/Helsinki, Switzerland/Finland
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- Parida, Vinit, 1983- (author)
- Luleå tekniska universitet,Industriell Ekonomi,University of Vaasa, School of Management, Vaasa, Finland
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- Caglar, Umur (author)
- Innovalogy Capital Management, Tampere, Finland
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University of StGallen, St.Gallen, Switzerland University of St.Gallen/Hanken, School of Economics, Entrepreneurship and Management, St.Gallen/Helsinki, Switzerland/Finland (creator_code:org_t)
- Elsevier, 2020
- 2020
- English.
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In: Technological forecasting & social change. - : Elsevier. - 0040-1625 .- 1873-5509. ; 151
- Related links:
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https://urn.kb.se/re...
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https://doi.org/10.1...
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Abstract
Subject headings
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- At a time when many mature industries have been fundamentally transformed by disruptive innovations, prominent examples such as Apple and Uber reflect how disruptive innovations often originate at the ecosystem or system level rather than in individual firms. Unfortunately, the academic literature has paid little attention to the role of ecosystem development and evolution in relation to disruptive innovations. To overcome this oversight, our study defines disruptive innovation ecosystems and illustrates the impact that the financial technology (FinTech) ecosystem has had on disrupting the financial services industry. We offer an agenda for future research on disruptive innovations and ecosystems and discuss the evolution of the FinTech ecosystem. Our study shows that disruptive innovation ecosystems are not only in need of but also deserving of further attention.
Subject headings
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv -- Företagsekonomi (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business -- Business Administration (hsv//eng)
Keyword
- Disruptive innovation
- Digitalization
- Ecosystems
- Financial technology
- FinTech
- Artificial intelligence
- Entrepreneurship
- Incumbents
- Entreprenörskap och innovation
- Entrepreneurship and Innovation
Publication and Content Type
- ref (subject category)
- art (subject category)
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