Charting the Emerging Financial Services Ecosystem of Fintechs and Banks: Six Types of Data-Driven Business Models in the Fintech Sector

Research output: Contributions to collected editions/worksArticle in conference proceedingsResearchpeer-review

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The competition and the collaboration of established banks and challenging fintechs are expected to dramatically change the financial services ecosystem. The different types and roles of fintechs as new niche players in the ecosystem are not well understood so far. However, a better understanding of these types and roles is required for incumbent as well as for new actors for defining and aligning their strategies. In this paper, we analyze the business models of 195 fintech companies with a special focus on the role of data. Based on this analysis, we present a structured overview of fintechs’ business areas as well as six data-related business model types. This paper contributes to the research on data-driven business models and business ecosystems by applying
and modifying an existing approach for classifying new niche players based on the data dimension of their business models.
Original languageEnglish
Title of host publicationProceedings of the 51st Annual Hawaii International Conference on System Sciences, HICSS 2018
EditorsTung X. Bui
Number of pages10
PublisherUniversity of Hawaii at Manoa
Publication date01.01.2018
Pages5004-5013
ISBN (print)978-0-9981331-1-9
ISBN (electronic)9780998133119
DOIs
Publication statusPublished - 01.01.2018
Event51st Hawaii International Conference on System Sciences - HICSS 2018 - Big Island, Hawaii, United States
Duration: 03.01.201806.01.2018
Conference number: 51
http://www.urbanccd.org/events/2018/1/3/hawaii-international-conference-on-system-sciences-hicss-51

Bibliographical note

Publisher Copyright:
© 2018 IEEE Computer Society. All rights reserved.

    Research areas

  • Economics
  • Business informatics - Managing Platforms and Ecosystems, business ecosystem, fintech, data-driven business model, financial services, bank

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