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Mjølsnes, Stig Frode; Rong, Chunming

doi:10.1023/a:1021175929111

Cited by 19 publications

(1 citation statement)

References 13 publications

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“…Recently, scholars have also investigated platform design principles and risk and regulatory issues related to virtual currencies such as Bitcoin or Ethereum (Böhme et al 2015;Gandal and Halaburda 2016) and the blockchain (Yermack 2017). Others have analyzed social trading platforms (Doering et al 2015), robo-advisors (Fein 2015), and mobile payment and e-wallet services (Mjølsnes and Rong 2003;Mallat et al 2004;Mallat 2007). To date, only a few studies have investigated the fintech market in its entirety.…”

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confidence: 99%

The emergence of the global fintech market: economic and technological determinants

2018

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We investigate the economic and technological determinants inducing entrepreneurs to establish ventures with the purpose of reinventing financial technology (fintech). We find that countries witness more fintech startup formations when the economy is well-developed and venture capital is readily available. Furthermore, the number of secure Internet servers, mobile telephone subscriptions, and the available labor force has a positive impact on the development of this new market segment. Finally, the more difficult it is for companies to access loans, the higher is the number of fintech startups in a country. Overall, the evidence suggests that fintech startup formation need not be left to chance, but active policies can influence the emergence of this new sector.

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