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Innovation relationships in the emergence of fintech ecosystems

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Innovation relationships in the emergence of fintech ecosystems. / Still, Kaisa; Lähteenmäki, Ilkka; Seppänen, Marko.

Proceedings of the 52nd Hawaii International Conference on System Sciences 2019 (HICSS): Jan. 8-11, 2019, Grand Walea, Maui, Hawaii, USA. 2019. p. 6367-6376 (Hawaii International Conference on System Sciences).

Research output: Chapter in Book/Report/Conference proceedingConference contributionScientificpeer-review

Harvard

Still, K, Lähteenmäki, I & Seppänen, M 2019, Innovation relationships in the emergence of fintech ecosystems. in Proceedings of the 52nd Hawaii International Conference on System Sciences 2019 (HICSS): Jan. 8-11, 2019, Grand Walea, Maui, Hawaii, USA. Hawaii International Conference on System Sciences, pp. 6367-6376, Hawaii International Conference on System Sciences, 3/09/19. https://doi.org/10.24251/HICSS.2019.765

APA

Still, K., Lähteenmäki, I., & Seppänen, M. (2019). Innovation relationships in the emergence of fintech ecosystems. In Proceedings of the 52nd Hawaii International Conference on System Sciences 2019 (HICSS): Jan. 8-11, 2019, Grand Walea, Maui, Hawaii, USA (pp. 6367-6376). (Hawaii International Conference on System Sciences). https://doi.org/10.24251/HICSS.2019.765

Vancouver

Still K, Lähteenmäki I, Seppänen M. Innovation relationships in the emergence of fintech ecosystems. In Proceedings of the 52nd Hawaii International Conference on System Sciences 2019 (HICSS): Jan. 8-11, 2019, Grand Walea, Maui, Hawaii, USA. 2019. p. 6367-6376. (Hawaii International Conference on System Sciences). https://doi.org/10.24251/HICSS.2019.765

Author

Still, Kaisa ; Lähteenmäki, Ilkka ; Seppänen, Marko. / Innovation relationships in the emergence of fintech ecosystems. Proceedings of the 52nd Hawaii International Conference on System Sciences 2019 (HICSS): Jan. 8-11, 2019, Grand Walea, Maui, Hawaii, USA. 2019. pp. 6367-6376 (Hawaii International Conference on System Sciences).

Bibtex - Download

@inproceedings{b4129c7542eb4cf3979710e68bf19e27,
title = "Innovation relationships in the emergence of fintech ecosystems",
abstract = "This paper explores the emergence of ecosystems in the context of Fintechs infusing digital technology into financial services. The rapid rise of Fintechs has changed the business landscape, challenging the established firms with novel solutions and services. As a result, the established firms are turning to new models of cooperation, replacing the hierarchically managed value chains with ecosystems that are modular and decentralized in their architecture. First, a bibliometric analysis was conducted to present the content and relationships in Fintech research in general. Then, a case study on two of the biggest retail banks in Finland and their innovation relationships in developing Distributed Ledger Technologies and related services was conducted. The results show how established players have established multiple innovation relationships, in different ecosystems as well as between them. These can be seen to demonstrate the emergence of Fintech ecosystems. The study contributes to previous literature by making the linkages explicit, particularly by examining the contextual elements that are crucial enablers or hindering factors in such relationships.",
author = "Kaisa Still and Ilkka L{\"a}hteenm{\"a}ki and Marko Sepp{\"a}nen",
year = "2019",
doi = "10.24251/HICSS.2019.765",
language = "English",
isbn = "978-0-9981331-2-6",
series = "Hawaii International Conference on System Sciences",
pages = "6367--6376",
booktitle = "Proceedings of the 52nd Hawaii International Conference on System Sciences 2019 (HICSS)",

}

RIS (suitable for import to EndNote) - Download

TY - GEN

T1 - Innovation relationships in the emergence of fintech ecosystems

AU - Still, Kaisa

AU - Lähteenmäki, Ilkka

AU - Seppänen, Marko

PY - 2019

Y1 - 2019

N2 - This paper explores the emergence of ecosystems in the context of Fintechs infusing digital technology into financial services. The rapid rise of Fintechs has changed the business landscape, challenging the established firms with novel solutions and services. As a result, the established firms are turning to new models of cooperation, replacing the hierarchically managed value chains with ecosystems that are modular and decentralized in their architecture. First, a bibliometric analysis was conducted to present the content and relationships in Fintech research in general. Then, a case study on two of the biggest retail banks in Finland and their innovation relationships in developing Distributed Ledger Technologies and related services was conducted. The results show how established players have established multiple innovation relationships, in different ecosystems as well as between them. These can be seen to demonstrate the emergence of Fintech ecosystems. The study contributes to previous literature by making the linkages explicit, particularly by examining the contextual elements that are crucial enablers or hindering factors in such relationships.

AB - This paper explores the emergence of ecosystems in the context of Fintechs infusing digital technology into financial services. The rapid rise of Fintechs has changed the business landscape, challenging the established firms with novel solutions and services. As a result, the established firms are turning to new models of cooperation, replacing the hierarchically managed value chains with ecosystems that are modular and decentralized in their architecture. First, a bibliometric analysis was conducted to present the content and relationships in Fintech research in general. Then, a case study on two of the biggest retail banks in Finland and their innovation relationships in developing Distributed Ledger Technologies and related services was conducted. The results show how established players have established multiple innovation relationships, in different ecosystems as well as between them. These can be seen to demonstrate the emergence of Fintech ecosystems. The study contributes to previous literature by making the linkages explicit, particularly by examining the contextual elements that are crucial enablers or hindering factors in such relationships.

UR - http://www.mendeley.com/research/innovation-relationships-emergence-fintech-ecosystems

U2 - 10.24251/HICSS.2019.765

DO - 10.24251/HICSS.2019.765

M3 - Conference contribution

SN - 978-0-9981331-2-6

T3 - Hawaii International Conference on System Sciences

SP - 6367

EP - 6376

BT - Proceedings of the 52nd Hawaii International Conference on System Sciences 2019 (HICSS)

ER -