Digital Finance and FinTech: current research and future research directions

Peter Gomber (), Jascha-Alexander Koch () and Michael Siering ()
Additional contact information
Peter Gomber: Chair of e-Finance, Goethe University Frankfurt
Jascha-Alexander Koch: Chair of e-Finance, Goethe University Frankfurt
Michael Siering: Chair of e-Finance, Goethe University Frankfurt

Journal of Business Economics, 2017, vol. 87, issue 5, No 2, 537-580

Abstract: 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.

Keywords: Digital Finance; FinTech; e-Finance; State of the art; Literature review; Future research opportunities (search for similar items in EconPapers)
JEL-codes: G10 G21 G22 G23 G24 G28 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (236)

Downloads: (external link)
http://link.springer.com/10.1007/s11573-017-0852-x Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:jbecon:v:87:y:2017:i:5:d:10.1007_s11573-017-0852-x

Ordering information: This journal article can be ordered from
http://www.springer.com/journal/11573

DOI: 10.1007/s11573-017-0852-x

Access Statistics for this article

Journal of Business Economics is currently edited by Günter Fandel

More articles in Journal of Business Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().