The browser you are using is not supported by this website. All versions of Internet Explorer are no longer supported, either by us or Microsoft (read more here:

Please use a modern browser to fully experience our website, such as the newest versions of Edge, Chrome, Firefox or Safari etc.

Default user image.

Bertil Rolandsson

Visiting research fellow

Default user image.

Digital disruption diversified : FinTechs and the emergence of a coopetitive market ecosystem


  • Bengt Larsson
  • Bertil Rolandsson
  • Anna Ilsøe
  • Trine Pernille Larsen
  • Alex Lehr
  • Jaan Masso

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







Socio-Economic Review

Document type

Journal article


Oxford University Press


  • Sociology




  • ISSN: 1475-1461