© 2018 – Routledge
444 pages | 44 B/W Illus.
*Open Access content has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives (CC-BY-NC-ND) license
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; process innovation developments within the traditional banking industry; and the Venture Capital (VC) landscape in Sweden, as shown through interviews with VC representatives, mainly from Sweden but also from the US and Germany, as well as offering insight into the companies that are currently operating in the FinTech arena in Sweden. The authors address questions such as: How will the regulatory landscape shape the future of FinTech companies? What are the factors that will likely drive the adoption of FinTech services in the future? What is the future role of banks in the context of FinTech and digitalization? What are the policies and government initiatives that aim to support the FinTech ecosystem in Sweden? Complex concepts and ideas are rendered in an easily digestible yet thought-provoking way.
The book was initiated by the IIS (the Internet Foundation in Sweden), an independent organization promoting the positive development of the Internet in the country. It is also responsible for the Internet’s Swedish top-level domain .se, including the registration of domain names, and the administration and technical maintenance of the national domain name registry. The book illustrates how Sweden acts (or does not act) as a competitive player in the global FinTech arena, and is a vital addition to students and practitioners in the field.
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