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Journal of Business Economics
Published in: Journal of Business Economics 5/2017

25-02-2017 | Original Paper

Digital Finance and FinTech: current research and future research directions

Authors: Peter Gomber, Jascha-Alexander Koch, Michael Siering

Published in: Journal of Business Economics | Issue 5/2017

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Abstract

Since decades, the financial industry has experienced a continuous evolution in service delivery due to digitalization. This evolution is characterized by expanded connectivity and enhanced speed of information processing both at the customer interface and in back-office processes. Recently, there has been a shift in the focus of digitalization from improving the delivery of traditional tasks to introducing fundamentally new business opportunities and models for financial service companies. Digital Finance encompasses a magnitude of new financial products, financial businesses, finance-related software, and novel forms of customer communication and interaction—delivered by FinTech companies and innovative financial service providers. Against this backdrop, the research on finance and information systems has started to analyze these changes and the impact of digital progress on the financial sector. Therefore, this article reviews the current state of research in Digital Finance that deals with these novel and innovative business functions. Moreover, it gives an outlook on potential future research directions. As a conceptual basis for reviewing this field, the Digital Finance Cube, which embraces three key dimensions of Digital Finance and FinTech, i.e., the respective business functions, the technologies and technological concepts applied as well as the institutions concerned, is introduced. This conceptualization supports researchers and practitioners when orientating in the field of Digital Finance, allows for the arrangement of academic research relatively to each other, and enables for the revelation of the gaps in research.
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Metadata
Title
Digital Finance and FinTech: current research and future research directions
Authors
Peter Gomber
Jascha-Alexander Koch
Michael Siering
Publication date
25-02-2017
Publisher
Springer Berlin Heidelberg
Published in
Journal of Business Economics / Issue 5/2017
Print ISSN: 0044-2372
Electronic ISSN: 1861-8928
DOI
https://doi.org/10.1007/s11573-017-0852-x

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