Anna Ilsøe
Affiliated Researcher
Digital disruption diversified : FinTechs and the emergence of a coopetitive market ecosystem
Author
Summary, in Swedish
This article analyses the development of FinTech companies in relation to traditional banks in four countries: Denmark, Estonia, the Netherlands and Sweden. Based on approaches drawn from the sociology of markets and field theory, we analyse and theorize about empirical data from secondary sources, official documents and 38 interviews with key actors. Whereas digital technologies have been commonly depicted as a source of disruption for established business models, suggesting that the rise of FinTech leads to competitive upheaval in the financial sector, more recent studies argue that such interpretations are exaggerated. Here, we propose the emergence of a ‘coopetitive’ market ecosystem that combines co-operative and competitive connections between incumbents and challengers who often share the same infrastructure. FinTech firms are shown to function as catalysts in the transformation towards this ecosystem shaped by coopetitive interdependence between the actors.
Publishing year
2023-07-22
Language
English
Pages
1-21
Publication/Series
Socio-Economic Review
Document type
Journal article
Publisher
Oxford University Press
Topic
- Sociology
Status
Epub
ISBN/ISSN/Other
- ISSN: 1475-1461