Eine deutschsprachige wissenschaftliche Definition des Begriffs “Fintech”

Kürzlich erschien in der englischsprachigen Fachzeitschrift Journal of Innovation Management mein Artikel zur Definition des Begriffs Fintech: Schueffel, P. (2016). Taming the Beast: A Scientific Definition of Fintech. Journal of Innovation Management, 4(4), 32-54.

Nach der Durchsicht von über 200 wissenschaftlichen Artikeln, die im Verlaufe der vergangenen 40 Jahre erschienen und in welchen das Wort Fintech benutzt wurde, hatte ich in diesem Artikel die folgende Definition des Begriffs Fintech abgeleitet:

“Fintech is a new financial industry that applies technology to improve financial activities” (Schueffel, 2016; p. 45)

Da der Artikel ausschließlich auf Englisch veröffentlicht wurde, erreichten mich zwischenzeitlich zahlreiche Anfragen, wie diese Definition ins Deutsche zu übersetzen sei. Gerne möchte ich diese Frage mit der folgenden deutschen Definition beantworten:

„Fintech ist eine neue Finanzindustrie, welche Technologie verwendet, um finanzielle Aktivitäten zu verbessern.“

Mit besten Grüssen

Patrick Schüffel

 

Dr. Patrick Schüffel, Professsor, Institute of Finance,
Haute école de gestion Fribourg
Chemin du Musée 4
CH-1700 Fribourg
patrick.schueffel@hefr.ch
www.heg-fr.ch

 

Is Academia Ignoring Fintech?

Three MonkeysCurrently the Annual Academy of Management (AoM) Meeting is taking place in Anaheim, California. Some 10’000 Management scholars from 88 countries are meeting to discuss the current affairs of Management and its outlooks. In more than 2’500 sessions topics are discussed from the disciplines of Entrepreneurship, Technology and Innovation Management, Organization Development and Change, and Operations Management, just to name a few. The meeting program spans a whopping 608 pages and contains literally hundreds of thousands of words. Yet one word is missing: FINTECH!

Already today more than three dozen Fintech unicorns exist, most of which are not even five years of age. Moreover we are witnessing the appearance of novel Fintech companies almost on a daily basis. This development has caught the attention of business people, regulators and politicians alike. Yet, this development has largely gone unnoticed by the academic world as far as management sciences are concerned. Clearly, there are noteworthy exceptions from this rule, but at large Fintech is simply not existing in this academic setting.

This situation gives rise to several questions. For instance, how do we educate Management students for today’s banking and finance world if the Fintech phenomenon remains untouched? How do we train executives? How does academia intend to give sound advice to policy makers in view of this neglect? If the ultimate purpose of science – among others – is to explain, control and predict, academia must swing into action and intensify its efforts in the field of Fintech.

I therefore also strongly welcome efforts such as the ones by Thomas Puschmann of the University of Zurich who is actively building a bridge between the practical Fintech world and academia by establishing the “Swiss Fintech Innovations” association as a port of call for practice and academia alike.

In Luxembourg Anne-Laure Mention is one of the commendable academics at CRP Henri Tudor who attempts to narrow the gulf between innovation in financial services in practice and academia.

If there are other such initiatives in other countries, please do drop me line! I am keen to learn!

Dr. Patrick Schüffel, A.Dip.C., M.I.B., Dipl.-Kfm.
Professsor
Haute école de gestion Fribourg
Institute of Finance
Chemin du Musée 4
CH-1700 Fribourg
patrick.schueffel@hefr.ch, www.heg-fr.ch