FinTech platforms and strategy

Dhar, Vasant; Stein, Roger M.

doi:10.1145/3132726

Cited by 86 publications

(40 citation statements)

References 2 publications

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“…The central idea behind blockchain is to replace traditional counter-party relationships related to payments in the market with distributed transaction-making, adopting a decentralized approach based on the distributed validation and archiving. The role of blockchain in support of fintech platforms and digital economy network operations is not limited and goes beyond those domains ( Dhar and Stein, 2017 , Hurlihy, 2019 ).…”

Section: Research Opportunitiesmentioning

confidence: 99%

How should we understand the digital economy in Asia? Critical assessment and research agenda

Kim

Lang

et al. 2020

Electronic Commerce Research and Applications

260

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Highlights The realization of the digital economy in the Asian nations is due to the need to revamp traditional business processes, extensive technology innovation, supportive government policies for economic growth, and the high capacity for digital entrepreneurship. Research opportunities may be related to the components of “digital economy and society index” (DESI) scores. New research directions are prompted by big data analytics, artificial intelligence (AI), platform economy, digital trade, fintech innovation, and societal and economic sustainability. The recent emergence of the COVID-19 pandemic around the world calls for addressing new research directions that could stay after the pandemic has ended.

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Section: Research Opportunitiesmentioning

confidence: 99%

How should we understand the digital economy in Asia? Critical assessment and research agenda

Kim

Lang

et al. 2020

Electronic Commerce Research and Applications

260

View full text Add to dashboard Cite

show abstract

“…170-173;Davies et al 2016;Goodale 2012) and core competencies shifted from customer service, products and transaction handling towards the management of online channels, data analytics and platforms (Alt and Puschmann 2016, pp. 33-34;Dhar and Stein 2017). This comes with a growing number of digitalized (automated) processes (Ehrenfeld 2017), which are less integrated in core banking systems, but are often developed inhouse following agile methodologies with defined API interfaces (Alt and Puschmann 2016, pp.…”

Section: Levels Of Transformationmentioning

confidence: 99%

FinTech and the transformation of the financial industry

2018

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“…Recently, the financial industry was surprised by startups that emerged as beginners in markets that were hitherto dominated by established companies (Gabor & Brooks 2017;Li et al, 2017). These startups, which are based on technological advantages, arise by proposing digital business models, which seek to widen disintermediation and transform the supply of financial services (Dhar & Stein 2017). One of the main disruptive technologies of financial startups is the blockchain (Carrick, 2016).…”

Section: Literature Reviewmentioning

confidence: 99%

How Blockchain Affects the Technological Strategy of the Financial Industry: An Analysis Based on Knowledge Discovery in Text

Fernandes

Verschoore

2020

FSRJ

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Purpose – The main objective of this article is to investigate how blockchain is affecting the technological strategy of the financial industry.Theoretical framework – Our theoretical framework is structured based on four approaches: Blockchain; Blockchain Advantages; Technology Strategy; Blockchain Technology Strategy.Design/methodology/approach – We conducted an exploratory study using knowledge discovery in texts (KDT), with the support of text mining tools. We collected and analyzed contents of a set of news published on the Web about Blockchain. A total of 2,605 blockchain web news items were extracted from the business media worldwide, such as Forbes, Fortune, Financial Post and Business World. We explored the text dataset using sentiment analysis, opinion mining, text association analysis, and correspondence analysis.Findings – The results showed that blockchain technology has the potential to affect the transactions through a common platform. Additionally, the results demonstrated the advantages of blockchain technology for cross-border payment systems.Research, Practical Social implications – We elaborate four theoretical propositions that may guide research and help practitioners to identify challenges and opportunities for blockchain technology.Originality/value – Our study revealed how blockchain has been affecting the technology strategy of the financial industry and highlighted two starting trajectories: the establishment of private blockchain and its application in the cross-border payment services.

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FinTech platforms and strategy

Abstract: Integrating trust and automation in finance.

Cited by 86 publications

References 2 publications

How should we understand the digital economy in Asia? Critical assessment and research agenda

How should we understand the digital economy in Asia? Critical assessment and research agenda

FinTech and the transformation of the financial industry

How Blockchain Affects the Technological Strategy of the Financial Industry: An Analysis Based on Knowledge Discovery in Text

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