“Fintech is a new financial industry that applies technology to improve financial activities.” (Schueffel, 2016; p. 45)
This is the definition I derived after examining more than 200 scholarly articles that were published over a period of 40 years and which are referencing the word Fintech in one way or the other. Building on the commonalities of the definitions that found entry into those peer-reviewed journals I distilled the definition provided above.
I am proud that my work withstood the rigorous double-blind peer review process of the Journal of Innovation Management and was published these days.
As the Journal of Innovation Management is an open access journal you can retrieve the full text by using the following link:
A big thank you goes out to the two anonymous
reviewers for their highly constructive comments and to the editors of the Journal of Innovation Management, Anne-Laure Mention, João José Pinto Ferreira and Marko Torkkeli!
Schueffel, P. (2016). Taming the Beast: A Scientific Definition of Fintech. Journal of Innovation Management, 4(4), 32-54.
Dr. Patrick Schüffel, Professsor, Institute of Finance, Haute école de gestion, Fribourg Chemin du Musée 4, CH-1700 Fribourg, email@example.com,www.heg-fr.ch