Artikel
How do banks interact with fintech startups?
The increasing pervasiveness of technology-driven firms that offer financial services has led to growing pressure on traditional banks to modernize their core business activities and services. Many banks tackle the challenges of digitalization by cooperating with startup firms that offer technology-driven financial services and novel service packages (fintechs). In this article, we examine which banks typically collaborate with fintechs, how intensely they do so, and which form of alliance they prefer. Using hand-collected data covering the largest banks from Canada, France, Germany, and the United Kingdom, we provide detailed evidence on the different forms of alliances occurring in practice. We show that banks are significantly more likely to form alliances with fintechs when they pursue a well-defined digital strategy and/or employ a chief digital officer. Moreover, in line with incomplete contract theory, we find that banks more frequently invest in small fintechs but often build product-related collaborations with larger fintechs.
- Sprache
-
Englisch
- Erschienen in
-
Journal: Small Business Economics ; ISSN: 1573-0913 ; Volume: 57 ; Year: 2020 ; Issue: 3 ; Pages: 1505-1526 ; New York, NY: Springer US
- Klassifikation
-
Wirtschaft
Banks; Depository Institutions; Micro Finance Institutions; Mortgages
Pension Funds; Non-bank Financial Institutions; Financial Instruments; Institutional Investors
Mergers; Acquisitions; Restructuring; Voting; Proxy Contests; Corporate Governance
New Firms; Startups
Entrepreneurship
- Thema
-
Fintech
Strategic alliance
Make, buy, or ally
Entrepreneurial finance
Banks
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Hornuf, Lars
Klus, Milan F.
Lohwasser, Todor S.
Schwienbacher, Armin
- Ereignis
-
Veröffentlichung
- (wer)
-
Springer US
- (wo)
-
New York, NY
- (wann)
-
2020
- DOI
-
doi:10.1007/s11187-020-00359-3
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Hornuf, Lars
- Klus, Milan F.
- Lohwasser, Todor S.
- Schwienbacher, Armin
- Springer US
Entstanden
- 2020
Ähnliche Objekte (12)
How Elastic is the Labour Supply of Female Migrants Relative to the Labour Supply of Female Natives?
Anti-democratic revolutionaries or democratic reformers? A review essay of Janek Wasserman’s The Marginal Revolutionaries: How Austrian Economists Fought the War of Ideas
Why do startups pursue initial coin offerings (ICOs)? The role of economic drivers and social identity on funding choice
Group Interventions in Schools : Promoting Mental Health for At-Risk Children
Mountains and minerals, rivers and rocks
The Neural Crest and Neural Crest Cells in Vertebrate Development and Evolution
Algebraic combinatorics
Realising Systems Thinking : Knowledge and Action in Management Science
Helmut K. Anheier and Stefan Toepler (eds.), The Routledge Companion to Nonprofit Management
Inventory Control
Linear Programming : Foundations and Extensions
BioMEMS : Fundamentals and Applications
How Elastic is the Labour Supply of Female Migrants Relative to the Labour Supply of Female Natives?
Anti-democratic revolutionaries or democratic reformers? A review essay of Janek Wasserman’s The Marginal Revolutionaries: How Austrian Economists Fought the War of Ideas
Why do startups pursue initial coin offerings (ICOs)? The role of economic drivers and social identity on funding choice
Group Interventions in Schools : Promoting Mental Health for At-Risk Children
Mountains and minerals, rivers and rocks
The Neural Crest and Neural Crest Cells in Vertebrate Development and Evolution
Algebraic combinatorics
Realising Systems Thinking : Knowledge and Action in Management Science
Helmut K. Anheier and Stefan Toepler (eds.), The Routledge Companion to Nonprofit Management
Inventory Control
Linear Programming : Foundations and Extensions
BioMEMS : Fundamentals and Applications
How Elastic is the Labour Supply of Female Migrants Relative to the Labour Supply of Female Natives?
Anti-democratic revolutionaries or democratic reformers? A review essay of Janek Wasserman’s The Marginal Revolutionaries: How Austrian Economists Fought the War of Ideas
Why do startups pursue initial coin offerings (ICOs)? The role of economic drivers and social identity on funding choice
Group Interventions in Schools : Promoting Mental Health for At-Risk Children
Mountains and minerals, rivers and rocks
The Neural Crest and Neural Crest Cells in Vertebrate Development and Evolution
Algebraic combinatorics
Realising Systems Thinking : Knowledge and Action in Management Science
Helmut K. Anheier and Stefan Toepler (eds.), The Routledge Companion to Nonprofit Management
Inventory Control
Linear Programming : Foundations and Extensions