Digital Finance and FinTech: current research and future research directions

Gomber, Peter; Koch, Jascha-Alexander; Siering, Michael

doi:10.1007/s11573-017-0852-x

Cited by 791 publications

(583 citation statements)

References 82 publications

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“…Starting with the inception of digital information and communication technologies, the era of digital financial technologies -sometimes also referred to as Be-Finance^ (Gomber et al 2017, p. 540) -started and Arner et al (2016, p. 1282 assert that Bcertainly, by the late 1980s, financial services had become largely a digital industry, relying on electronic transactions between financial institutions, financial market participants, and customers around the world.^In the banking sector, the technologies spread along the banking value chain, which has evolved to comprise four clusters (Bons et al 2012, p. 198;Marinč 2013): customers (e.g., retail, commercial, investment), channels (e.g., branches, brokers, web, mobile, social), financial service providers (e.g., banks, nonbanks) and interbank providers (e.g., exchanges, networks Similar developments occurred in the insurance industry, albeit at a smaller scale due to less interactivity of the insurance business. Overall, the phase of digital financial technology illustrated that products and services in the entire financial industry may be supported by IT.…”

Section: Fintech (R)evolutionmentioning

confidence: 99%

FinTech and the transformation of the financial industry

2018

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Section: Fintech (R)evolutionmentioning

confidence: 99%

FinTech and the transformation of the financial industry

2018

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“…For example, digital finance includes an unimaginably wide range of technologies, services, and products -magnetic and chip cards, home banking services, electronic commerce, ATMs, applications for smartphones, etc. (Gomber and Koch, 2017). But it is not obvious what has changed in ATMs and e-commerce to make them digital.…”

Section: Methodsmentioning

confidence: 99%

Regulatory Policy for Digital Economy: Holistic Institutional Framework

Frolov¹,

Lavrentyeva²

2019

Montenegrin Journal of Economics

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The article analyzes the nature and specificity of digital economy as an object of regulation from the standpoint of institutional methodology. It reveals the logic of digital economy evolution and its internal contradictions. The authors hold comparative analysis of approaches to defining the essence and forms, functions and structure of digital economy. The categorical apparatus of the theory of digital economy is specified and supplemented. We proposed a conceptual model of a multi-level transition of the economy to a digital development scenario. The conceptual recommendations on the development of the digital economy regulation system are presented. We propose to distinguish between digital and digitized sectors, which cover the industries directly and indirectly related to digital technologies and products. As an indication we proposed to highlight the institutional and companyspecific digital sector. The conclusion was made about the importance of creating an institutional environment using hybrid institutions based on a combination of algorithmic and traditional law in a multilevel format and in the mode of experiments like regulatory sandboxes, legal foresight, public discussion. JEL classification:B52.

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“…Several studies have already partially addressed the capacity and limitations for cryptocurrencies to provide a robust and transparent economic system for all economic participants (Caporale et al 2018;Shah and Zhang 2014;Corbet et al 2017;Dyhrberg 2016a;Gomber et al 2017;Sovbetov 2018). In contrast to existing financial networks, Blockchain-based crypto-currencies expose the entire transaction graph to the public, where payment sender, receiver and amount are visible to the public.…”

Section: Related Researchmentioning

confidence: 99%