Reinforcing Value Creation Within a FinTech Cluster

Caroline E. Braastad, Nolwenn Camps-Leysour de Rohello, Finn C. Arctander, Omar Abdelhakim and Magne S. Angelshaug

Chapter 7 in Transformation Dynamics in FinTech:An Open Innovation Ecosystem Outlook, 2021, pp 179-204 from World Scientific Publishing Co. Pte. Ltd.

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.

Keywords: FinTech; Open Innovation; Financial Services; Ecosystems; Innovation Management; Banking and Finance; Technology Management; Emerging Technologies (search for similar items in EconPapers)
JEL-codes: G2 O33 (search for similar items in EconPapers)
Date: 2021
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