Special Issue "FinTech and the Future of Finance"

A special issue of Journal of Risk and Financial Management (ISSN 1911-8074). This special issue belongs to the section "Financial Technology and Innovation".

Deadline for manuscript submissions: 1 July 2021.

Special Issue Editors

Prof. Dr. Jakub Górka
Website
Guest Editor
Faculty of Management, University of Warsaw, 00-927 Warszawa, Poland
Interests: payment systems; FinTech; industrial organisation; banking; network and monetary economics
Prof. Dr. Malte Krueger
Website
Guest Editor
Faculty of Economics and Law, University of Applied Sciences Aschaffenburg, Aschaffenburg, Germany
Interests: international economics; macroeconomics; payment systems; banking; FinTech

Special Issue Information

Dear Colleagues,

This Special Issue is devoted entirely to different aspects of technology-enabled innovation in financial services (FinTech). At the heart of FinTech lies a better value proposition delivered to customers, be they consumers or businesses. Fintechs, bigtechs, and incumbent financial institutions innovate, compete, and collaborate at the same time, forming a complex ecosystem–network economy characterized by complicated relations.

Open banking based on interfaces (APIs) gains traction in different parts of the world triggered by regulation and market forces. It gives rise to various innovative financial services in all areas: from payments and lending to financial data management. A next step seems to be extending open banking to open finance or, further, to open data-driven economy where data become an impressive driver of revenues.

A rich set of key words reflects the nature of the papers which are welcome to be submitted for publication in this Special Issue. However, even such a rich collection of key words does not exhaust the topic of FinTech and the future of finance. Additionally, the future landscape of finance will likely not only be shaped by technological developments in new fields (e.g., mobile payments, tokenized cards), but competition with long-established products (e.g., cash) also has its role to play.

Therefore, all theoretical, empirical, conceptual, and practice-oriented articles representing economics and finance as well as management sciences relating to the main theme are encouraged for submission as contributions for this Special Issue of JRFM.

Prof. Dr. Jakub Górka
Prof. Dr. Malte Krueger
Guest Editors

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All papers will be peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Journal of Risk and Financial Management is an international peer-reviewed open access monthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1200 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • FinTech 
  • Open banking and open finance 
  • API 
  • Digital identity 
  • Data portability 
  • Cloud services 
  • Innovation hub 
  • COVID-19 
  • Blockchain and DLT 
  • AI 
  • Roboadvisory 
  • Sharing economy 
  • Crowdfunding and ICOs 
  • Tokenized assets 
  • Stable coins 
  • Social lending 
  • Networks 
  • Scale effects 
  • Platforms 
  • Two-sided markets 
  • Business model 
  • Interchange fee 
  • Mobile payments 
  • Cash 
  • Cards 
  • Digital wallet 
  • Standards 
  • Interoperability 
  • Competition 
  • Regulatory framework 
  • Value chain and value building 
  • Strategic management

Published Papers (1 paper)

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Research

Open AccessArticle
Barriers to Financial Innovation—Corporate Finance Perspective
J. Risk Financial Manag. 2020, 13(11), 273; https://doi.org/10.3390/jrfm13110273 - 08 Nov 2020
Abstract
This paper addresses the application of financial innovations from the corporate finance perspective. The objective is to identify and prioritize the main types of barriers to the implementation of financial innovations by nonfinancial firms. The motivation behind the study lies in the importance [...] Read more.
This paper addresses the application of financial innovations from the corporate finance perspective. The objective is to identify and prioritize the main types of barriers to the implementation of financial innovations by nonfinancial firms. The motivation behind the study lies in the importance of financial innovations for the firms’ ability to create value. As proven by the extensive literature review, comprehensive studies on financial innovation applications by nonfinancial firms are relatively rare. To cover this cognitive gap, the theoretical argumentation followed by the discussion of results of the empirical research are presented in this paper. The paper provides the results of two-stage survey research, aiming to find opinions of financial managers (end-users) and experts (creators of innovation) on the main barriers to financial innovations in Poland. According to managers, the most important are exogenous barriers, including: (1) Unclear tax and accounting regulations, (2) complex construction of financial innovations, and (3) transaction costs related to their application. On the other side, the experts from financial institutions recognized the greater importance of endogenous factors such as: (1) Lack of sufficient knowledge about financial innovations and (2) the reluctance to change observable in many firms. This study contributes to the ongoing debate on financial innovations by adding the perspective of corporate financial strategy. It also offers insights into the potential actions (at the institutional and individual level) aiming to reduce the barriers and support the implementation of financial innovations by nonfinancial firms. Full article
(This article belongs to the Special Issue FinTech and the Future of Finance)
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