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Changes in digital business model types - a longitudinal trend study of the United States fintech industry

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Resumo:The finance sector is undergoing significant changes that are enabling several new digital business models. Fintech start ups are expanding in new fields using new platforms to deliver better and more personalized services. Despite growing investments, the fintech movement still currently lacks some scientific understanding. Therefore, with this research, the goal is to extend the understanding through a longitudinal trend study of the business model types of fintech’s. This was done by analyzing how the business model types of newly founded start ups in the last decade have changed compared to those found earlier. Results have shown that Investing & Personal Finance (e.g., Robinhood), Infrastructure & Automation (e.g., Alloy), Digital Banking (e.g., Chime), and Cryptocurrency (e.g., Coin base) have increased significantly. In contrast, Finance & Analytics, Wealth Management, Real Estate & Mortgage, Payments & Payroll, and Lending have all decreased, with only Insurance increasing marginally.
Autores principais:Eckert, Constantin Johannes
Assunto:Fintech United States Business model types Trend study Crunchbase Longitudinal study Taxonomy
Ano:2022
País:Portugal
Tipo de documento:dissertação de mestrado
Tipo de acesso:acesso aberto
Instituição associada:Universidade Nova de Lisboa
Idioma:inglês
Origem:Repositório Institucional da UNL
Descrição
Resumo:The finance sector is undergoing significant changes that are enabling several new digital business models. Fintech start ups are expanding in new fields using new platforms to deliver better and more personalized services. Despite growing investments, the fintech movement still currently lacks some scientific understanding. Therefore, with this research, the goal is to extend the understanding through a longitudinal trend study of the business model types of fintech’s. This was done by analyzing how the business model types of newly founded start ups in the last decade have changed compared to those found earlier. Results have shown that Investing & Personal Finance (e.g., Robinhood), Infrastructure & Automation (e.g., Alloy), Digital Banking (e.g., Chime), and Cryptocurrency (e.g., Coin base) have increased significantly. In contrast, Finance & Analytics, Wealth Management, Real Estate & Mortgage, Payments & Payroll, and Lending have all decreased, with only Insurance increasing marginally.