Fintech Framing Financial Ecologies: Conceptual and Policy-Related Implications

• Autorzy: Marta Gancarczyk , Óscar Rodil-Marzábal
• Języki publikacji: EN

Abstrakty

EN

PURPOSE: Financial ecologies (FEs) are place-based governance forms of financial services provision, currently undergoing a transformation through financial technologies (Fintech). The idea of FEs is socially and economically relevant, since they reach toward underserved or excluded market segments and intermediate for territorial development across industries and sectors of private and public entities. At the same time, the FE remains at the early stage of conceptualization and empirical corroborations, in particular regarding how Fintech affects its core elements and related policy implications. In response to the theoretical and practical relevance, and early stage of theorizing the recent Fintech developments in the FE, this article aims to identify how Fintech frame FEs and to propose the resulting conceptual and policy-related implications. METHODOLOGY: To frame the FE concept, we used the methodological lens of construct clarity principles and the concept reconstruction. The research method includes a systematic literature review of 48 publications selected from Scopus and WoS databases. FINDINGS: We have analyzed the concept of FE according to its major elements and related concepts. The FE remains at the intersection of other outcome-oriented ecosystems that focus on territories, but it can also be treated as an independent phenomenon and research object. The idea of FE has been shaped by Fintech-driven developments in all its constituent elements with conceptual and policy consequences formulated as a set of propositions. IMPLICATIONS: The findings are relevant for future theory development and empirical corroborations of the FE. They can also enhance the integration of research communities of practice to accumulate knowledge. Despite standardization brought about by technological innovations, the availability, usefulness, and effects of financial ecosystems depend on the multiscalar spatial contexts that differ in socio-economic and institutional dimensions. ORIGINALITY AND VALUE: First, the article frames the understanding of FE as financial services governance based on technological advancements and focused on territorial projects and communities. Second, the FE concept was clarified according to major properties and relationships to other adjacent ideas of spatial networking for socioeconomic development. Third, propositions and research areas were formulated for further investigations. (original abstract)

CEL: Finansowe ekologie (FE) stanowią formy koordynacji nastawione na podaż usług finansowych oraz skoncentrowane na określonym terytorium. Obecnie, formy te podlegają transformacji pod wpływem technologii finansowych (Fintech). Idea FE jest istotna pod względem społecznym i ekonomicznym, gdyż zwraca uwagę na segmenty rynku słabo obsługiwane przez rynki finansowe lub z nich wykluczone. FE stanowią platformy łączące branże oraz podmioty z publicznego i prywatnego sektora. Jednocześnie, finansowe ekologie pozostają na wczesnym etapie rozwoju jako koncepcja i przedmiot badań empirycznych. Słabo zbadane pozostają wpływ Fintech na ekosystemy finansowe oraz związane z tym implikacje dla polityki gospodarczej. W odpowiedzi na teoretyczne i praktyczne znaczenie oraz wczesny etap badań nad transformacją FE pod wpływem Fintech, artykuł ma na celu określenie, w jaki sposób Fintech kształtują FE oraz wskazanie związanych z tym implikacji koncepcyjnych oraz dotyczących polityki gospodarczej. METODYKA: Podejście badawcze odwołuje się do zasad spójności koncepcji oraz rekonstrukcji koncepcji. Zastosowano metodę systematycznego przeglądu literatury 48 publikacji, wyselekcjonowanych z baz Scopus i WoS. WYNIKI: Zanalizowano główne elementy koncepcji FE oraz perspektywy teoretyczne pokrewne wobec tej idei. FE stanowią element innych ekosystemów zorientowanych na wyniki a zarazem koncentrowanych na określonym terytorium. Mogą być także traktowane jako niezależne zjawisko i przedmiot badań. Wskazano, że idea FE podlega rozwojowi pod wpływem Fintech w zakresie wszystkich elementów tworzących to zjawisko. Sformułowano zestaw założeń co do wynikających z tej transformacji konsekwencji dla rozumienia zjawiska finansowych ekosystemów i dla polityki gospodarczej. IMPLIKACJE: Wyniki systematycznego przeglądu literatury są istotne dla rozwoju podstaw teoretycznych oraz badań empirycznych nad FE. Mogą także sprzyjać integracji środowiska naukowego wokół rozwoju i akumulacji wiedzy w tej dziedzinie. Mimo standaryzacji wywołanej innowacjami technologicznymi, dostępność, użyteczność oraz efekty ekosystemów finansowych zależą od kontekstów geograficznych, które różnią się pod względem społeczno-ekonomicznym i instytucjonalnym. ORYGINALNOŚĆ I WARTOŚĆ: Artykuł pogłębia rozumienie FE jako form koordynacji usług finansowych, opartych na innowacjach technologicznych oraz zorientowanych na terytorialne projekty i społeczności lokalne. Usystematyzowano główne element koncepcji FE oraz relacje z pokrewnymi ideami sieciowej współpracy dla rozwoju społeczno-gospodarczego. Określono zestaw założeń i wskazano obszary przyszłych badań nad zjawiskiem FE. (abstrakt oryginalny)

Słowa kluczowe

EN

Business ecosystem; FinTech; Financial services

PL

Ekosystem biznesowy; Technologie finansowe; Usługi finansowe

• Czasopismo: Journal of Entrepreneurship, Management and Innovation (JEMI)
• Rocznik: 2022
• Tom: 18
• Numer: nr 4 Financial Ecologies Framed by Fintech
• Strony: 7--44

Twórcy

autor

Marta Gancarczyk

• Jagiellonian University in Cracow, Poland

autor

Óscar Rodil-Marzábal

• Universidade de Santiago de Compostela, Spain

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DOI

https://doi.org/10.7341/20221841