Daniel Gozman|Jonathan Liebenau|Jonathan Mangan
The Innovation Mechanisms of Fintech Start-Ups: Insights from SWIFT’s Innotribe Competition
London School of Economics and Political Science|Henley College|Columbia University|University of Sydney|London School of Economics and Political Science|Henley College|Columbia University|University of Sydney|London School of Economics and Political Science|Henley College|Columbia University|University of Sydney
emergence nascent forms financial technology around globe driven efforts deconstruct reimagine business models historically embedded within financial servicesentrepreneurial endeavors end diverseindeed propensity towards complexity across fintech landscape considerablebridging diverse range financial services markets innovations industry participants infrastructures technologiesthis study aims improve comprehension global fintech landscapeit based analysis startups participated swifts innotribe competition threeyear periodwe used cluster analysis group 402 fintech startup firms selected representative cases create foundational understanding structure fintech landscapewe found six clusters capture variety firms activitiesthe main findings work 1 development fintech clusters classify core services business infrastructures underlying component technologies characterize fintech landscape 2 analysis fintechs synthesize different technologies restructure coordinate flows financial information competitive cooperative mechanisms disintermediation extension access financialization hybridization personalization 3 analysis related strategies value creation connected competitive cooperative mechanisms identifiedcollectively results offer new insights diversity range emergent innovations technologies transforming financial services industry worldwide