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Reinforcing Value Creation Within a FinTech Cluster

In: Transformation Dynamics in FinTech An Open Innovation Ecosystem Outlook

Author

Listed:
  • Caroline E. Braastad
  • Nolwenn Camps-Leysour de Rohello
  • Finn C. Arctander
  • Omar Abdelhakim
  • Magne S. Angelshaug

Abstract

In our qualitative study of a newly emerging FinTech cluster, we discuss how different stakeholders can reinforce value creation within the cluster. Focusing on the internal organization of the cluster, we identify the motivations of each stakeholder group, how these diverge, and what challenges these produce. While our case study is limited to Norway, we believe that our recommendations on how to create a common culture for value creation, adapting business models, communicating progress, and developing selection criteria framework, are applicable to FinTech clusters around the globe.

Suggested Citation

  • Caroline E. Braastad & Nolwenn Camps-Leysour de Rohello & Finn C. Arctander & Omar Abdelhakim & Magne S. Angelshaug, 2021. "Reinforcing Value Creation Within a FinTech Cluster," World Scientific Book Chapters, in: Dimitrios Salampasis & Anne-Laure Mention (ed.), Transformation Dynamics in FinTech An Open Innovation Ecosystem Outlook, chapter 7, pages 179-204, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811239731_0007
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    More about this item

    Keywords

    FinTech; Open Innovation; Financial Services; Ecosystems; Innovation Management; Banking and Finance; Technology Management; Emerging Technologies;
    All these keywords.

    JEL classification:

    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • G2 - Financial Economics - - Financial Institutions and Services

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