The Rise and Development of FinTech

This comprehensive guide serves to illuminate the rise and development of FinTech in Sweden, with the Internet as the key underlying driver. The multiple case studies examine topics such as the adoption of online banking in Sweden; the identification and classification of different FinTech categories and the VC landscape in Sweden.

Robin Teigland is Professor of Business Administration with a specialization in Strategic Information Systems Management and Co-director of the Center for Strategy and Competitiveness at the Stockholm School of Economics (SSE), Sweden. Shahryar Siri is a Researcher and Project Manager at the Stockholm School of Economics Institute for Research (SIR), Sweden, where he is responsible for the three-year research project "The Innovative Internet" in collaboration with the Internet Foundation in Sweden (IIS). Prior to his role at SIR, he worked as a Consumer Insights Researcher at Ericsson and on a freelance basis. Anthony Larsson is a Doctoral Candidate of Medical Science at Karolinska Institutet (KI), Sweden, and a Researcher at the Stockholm School of Economics Institute of Research (SIR), Sweden. He holds a MSc in Business & Economics, an MBA in Business, a MSc in Political Science, a MSc in Anthropology and an A.S. in Psychology. His research interests include management, organization studies, entrepreneurship, innovation studies, customer loyalty, digitalization, branding, stakeholder analysis, political science, anthropology, and qualitative research methods. Alejandro Moreno Puertas is a MSc finance student at the Stockholm School of Economics (SSE), Sweden. He has previously worked in Shanghai as a representative of Sociedad Española de Negocios en Asia y America SL for their Chinese business development. He graduated from Tilburg University with a BSc in economics. Claire Ingram Bogusz is a Researcher at the Stockholm School of Economics (SSE), Sweden. Her research interests are in how code-based technologies affect entrepreneurship and organizational change. Her PhD thesis examined FinTech entrepreneurship reliant on peer-to-peer technologies.

Introduction: FinTech and Shifting Financial System Institutions; Part 1 New Regulations; 1 A Regulatory Innovation Framework: How Regulatory Change Leads to Innovation Outcomes for FinTechs; 2 Information Security in the Realm of FinTech; 3 FinTech in Sweden: Will Policymakers' (In)Action Nurture or Starve its Growth?; 4 The Future of Cash; 5 The Adoption of Online Banking in Sweden; Part 2 Cognition: Legitimacy and Views; 6 The Role of Trust in Emerging Technologies; 7 Responding to the FinTech Challenge: A Study of Swedish Bank Managers' Perception of FinTech's Effects on Digitalization and Customer E-Loyalty; 8 The Three Phases of FinTech; 9 Clarifying the Blurry Lines of FinTech: Opening the Pandora's Box of FinTech Categorization; 10 The Internet as an Enabler of FinTech; Part 3 New Norms Enabled by New Technologies and Standards; 11 Digital Traces, Ethics, and Insight: Data-Driven Services in FinTech; 12 Digital Meetings: Real Growth, Better Funding? An Introduction to Swedish Crowdfunding; 13 The Payment Landscape in Sweden; 14 Introduction to Robo-Advisory Industry in Sweden; 15 Blockchain: The Internet of Value; 16 How to Scale Bitcoin: A Payment Network That No One Controls; Part 4 A View of the Actors; 17 Banks and Digitalization; 18 The Role of Venture Capital in the Success of the Swedish FinTech Industry; 19 How Distance Comes Into Play in Equity Crowdfunding; 20 The Stockholm FinTech Hub; 21 Geographic Decentralization of FinTech Companies in Sweden; 22 When Britain Leaves the EU, Will FinTechs Turn to the Vikings?; Conclusion: Implications for Actors as Institutions Evolve