The evolution of the financial technology ecosystem: An introduction and agenda for future research on disruptive innovations in ecosystems

Item Type Journal paper
Abstract

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.

Authors Palmié, Maximilian; Wincent, Joakim; Parida, Vinit & Caglar, Umur
Journal or Publication Title Technological Forecasting and Social Change
Language English
Subjects business studies
HSG Classification contribution to scientific community
HSG Profile Area Global Center for Entrepreneurship + Innovation
Refereed Yes
Date 2020
Publisher Elsevier
Volume 151
Page Range 119779
ISSN 0040-1625
Publisher DOI https://doi.org/10.1016/j.techfore.2019.119779
Depositing User Prof. Dr. Maximilian Palmié
Date Deposited 15 Dec 2020 21:06
Last Modified 15 Dec 2020 21:06
URI: https://www.alexandria.unisg.ch/publications/261719

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Citation

Palmié, Maximilian; Wincent, Joakim; Parida, Vinit & Caglar, Umur (2020) The evolution of the financial technology ecosystem: An introduction and agenda for future research on disruptive innovations in ecosystems. Technological Forecasting and Social Change, 151 119779. ISSN 0040-1625

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https://www.alexandria.unisg.ch/id/eprint/261719
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