The Experts below are selected from a list of 4749 Experts worldwide ranked by ideXlab platform
Lars Hornuf - One of the best experts on this subject based on the ideXlab platform.
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Fintech and data privacy in germany an empirical analysis with policy recommendations
2019Co-Authors: Gregor Dorfleitner, Lars HornufAbstract:This book examines the Fintech revolution from a data privacy perspective. It analyzes key players on the Fintech market and the developments in various market segments. Particular attention is paid to an empirical analysis of the privacy statements of 505 German Fintech firms and how they were adapted after the General Data Protection Regulation (GDPR) entered into effect in May 2018. The analysis also includes 38 expert interviews with relevant stakeholders from supervisory and regulatory authorities, the financial and Fintech industry, leading consulting firms and consumer protection agencies. By adopting this approach, the book identifies key regulatory needs, offers a valuable asset for practitioners and academics alike, and shares intriguing insights for lawyers, economists and everyone interested in Fintech and data privacy.
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Fintechs and Data Protection After the Implementation of the GDPR
FinTech and Data Privacy in Germany, 2019Co-Authors: Gregor Dorfleitner, Lars HornufAbstract:This chapter deals with data protection regarding Fintech services and how Fintechs dealt with it after the implementation of the GDPR in May 2018. The primary source of information on how Fintechs are handling data protection is the privacy statements of the respective companies. We analyzed these privacy statements with regard to three questions: What user data are processed? To whom are these data forwarded? And, if applicable, which third parties provide further information?
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Fintechs and Data Protection
FinTech and Data Privacy in Germany, 2019Co-Authors: Gregor Dorfleitner, Lars HornufAbstract:This chapter deals with data protection regarding Fintech services and how Fintechs dealt with it before the implementation of the GDPR in May 2018. The primary source of information on how Fintechs handled data protection is the privacy statements of the respective companies. We analyze these privacy statements with regard to three questions: What user data were processed? To whom were these data forwarded? And, if applicable, which third parties provided further information? In a second step, we conducted 36 expert interviews regarding the implementation of data protection and raised the question whether banks take a leap of faith with respect to data protection compared with Fintechs.
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Need For Regulation in the German Fintech Market
FinTech and Data Privacy in Germany, 2019Co-Authors: Gregor Dorfleitner, Lars HornufAbstract:This chapter analyzes the potential need for regulation in the German Fintech market. To this end, theoretical considerations and insights from expert interviews are discussed. Both our theoretical findings and the expert interviews suggest that further regulation of many details around Fintechs is necessary and that this particularly applies to aspects of data protection and data sovereignty, as well as to the need for legislation and supervisory authorities to keep pace with technological developments.
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Forecasts for the Fintech Market in Germany
FinTech in Germany, 2017Co-Authors: Gregor Dorfleitner, Matthias Schmitt, Lars Hornuf, Martina WeberAbstract:In order to assess not only the present but also the future importance that Fintech companies will have for the German market, we provide a forecast of the size of the Fintech market for the next 5, 10 and 20 years. Despite the current media presence of the Fintech industry, our empirical study shows that it currently has a small volume relative to the entire financial market. Traditional financial institutions or asset managers today claim the largest market shares in the respective subsegments. However, the current state of the market does not rule out the possibility that the markets addressed by Fintechs are developing rapidly, as has been the case with other disruptive technologies, such as those occurring within the music industry or online hotel bookings.
Gregor Dorfleitner - One of the best experts on this subject based on the ideXlab platform.
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Fintech and data privacy in germany an empirical analysis with policy recommendations
2019Co-Authors: Gregor Dorfleitner, Lars HornufAbstract:This book examines the Fintech revolution from a data privacy perspective. It analyzes key players on the Fintech market and the developments in various market segments. Particular attention is paid to an empirical analysis of the privacy statements of 505 German Fintech firms and how they were adapted after the General Data Protection Regulation (GDPR) entered into effect in May 2018. The analysis also includes 38 expert interviews with relevant stakeholders from supervisory and regulatory authorities, the financial and Fintech industry, leading consulting firms and consumer protection agencies. By adopting this approach, the book identifies key regulatory needs, offers a valuable asset for practitioners and academics alike, and shares intriguing insights for lawyers, economists and everyone interested in Fintech and data privacy.
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Fintechs and Data Protection After the Implementation of the GDPR
FinTech and Data Privacy in Germany, 2019Co-Authors: Gregor Dorfleitner, Lars HornufAbstract:This chapter deals with data protection regarding Fintech services and how Fintechs dealt with it after the implementation of the GDPR in May 2018. The primary source of information on how Fintechs are handling data protection is the privacy statements of the respective companies. We analyzed these privacy statements with regard to three questions: What user data are processed? To whom are these data forwarded? And, if applicable, which third parties provide further information?
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Fintechs and Data Protection
FinTech and Data Privacy in Germany, 2019Co-Authors: Gregor Dorfleitner, Lars HornufAbstract:This chapter deals with data protection regarding Fintech services and how Fintechs dealt with it before the implementation of the GDPR in May 2018. The primary source of information on how Fintechs handled data protection is the privacy statements of the respective companies. We analyze these privacy statements with regard to three questions: What user data were processed? To whom were these data forwarded? And, if applicable, which third parties provided further information? In a second step, we conducted 36 expert interviews regarding the implementation of data protection and raised the question whether banks take a leap of faith with respect to data protection compared with Fintechs.
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Need For Regulation in the German Fintech Market
FinTech and Data Privacy in Germany, 2019Co-Authors: Gregor Dorfleitner, Lars HornufAbstract:This chapter analyzes the potential need for regulation in the German Fintech market. To this end, theoretical considerations and insights from expert interviews are discussed. Both our theoretical findings and the expert interviews suggest that further regulation of many details around Fintechs is necessary and that this particularly applies to aspects of data protection and data sovereignty, as well as to the need for legislation and supervisory authorities to keep pace with technological developments.
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Forecasts for the Fintech Market in Germany
FinTech in Germany, 2017Co-Authors: Gregor Dorfleitner, Matthias Schmitt, Lars Hornuf, Martina WeberAbstract:In order to assess not only the present but also the future importance that Fintech companies will have for the German market, we provide a forecast of the size of the Fintech market for the next 5, 10 and 20 years. Despite the current media presence of the Fintech industry, our empirical study shows that it currently has a small volume relative to the entire financial market. Traditional financial institutions or asset managers today claim the largest market shares in the respective subsegments. However, the current state of the market does not rule out the possibility that the markets addressed by Fintechs are developing rapidly, as has been the case with other disruptive technologies, such as those occurring within the music industry or online hotel bookings.
Gerhard Schwabe - One of the best experts on this subject based on the ideXlab platform.
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Fintech what s in a name
International Conference on Information Systems, 2016Co-Authors: Liudmila Zavolokina, Mateusz Dolata, Gerhard SchwabeAbstract:Fintech, the word which originates from marriage of “finance” and “technology”, designates currently a novel, innovative and emerging field which attracts attention from the publicity. At the moment there is no universal understanding and definition of Fintech in the research, however, the topic is widely addressed by the English- and German-speaking press. In this study we aim to make insights into how the press and other popular media understand and frame Fintech, discussing definitions that represents the meaning of it for the press, and deliver the conceptual framework to be used in research and scientific literature. In doing so, we also identify drivers of Fintech and put them in the context of financial and digital innovation research. Thereby, we provide objective understanding of Fintech, how it is reflected in the popular media.
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ICIS - Fintech – What's in a Name?
2016Co-Authors: Liudmila Zavolokina, Mateusz Dolata, Gerhard SchwabeAbstract:Fintech, the word which originates from marriage of “finance” and “technology”, designates currently a novel, innovative and emerging field which attracts attention from the publicity. At the moment there is no universal understanding and definition of Fintech in the research, however, the topic is widely addressed by the English- and German-speaking press. In this study we aim to make insights into how the press and other popular media understand and frame Fintech, discussing definitions that represents the meaning of it for the press, and deliver the conceptual framework to be used in research and scientific literature. In doing so, we also identify drivers of Fintech and put them in the context of financial and digital innovation research. Thereby, we provide objective understanding of Fintech, how it is reflected in the popular media.
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Fintech transformation how it enabled innovations shape the financial sector
Enterprise Applications and Services in the Finance Industry, 2016Co-Authors: Liudmila Zavolokina, Mateusz Dolata, Gerhard SchwabeAbstract:Fintech, the phenomenon which spans over the areas of information technologies and financial innovation, is currently on the rise and is gaining more and more attention from practitioners, investors and researchers. Fintech is broadly discussed by the media, which constitutes its understanding and represents social opinion, however, this perception of Fintech should be supported by empirical evidences. Therefore, we examine five Swiss Fintech companies through the lens of the conceptual framework of understanding of Fintech and its dimensions and, by doing so, analyze the nature of Fintech innovations. Thereby, we extend the understanding of Fintech and provide a fruitful soil for further research in this area.
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the Fintech phenomenon antecedents of financial innovation perceived by the popular press
Zavolokina Liudmila; Dolata Mateusz; Schwabe Gerhard (2016). The FinTech phenomenon: antecedents of financial innovation perceived by the popular pres, 2016Co-Authors: Liudmila Zavolokina, Mateusz Dolata, Gerhard SchwabeAbstract:The financial industry has been strongly influenced by digitalization in the past few years reflected by the emergence of “Fintech,” which represents the marriage of “finance” and “information technology.” Fintech provides opportunities for the creation of new services and business models and poses challenges to traditional financial service providers. Therefore, Fintech has become a subject of debate among practitioners, investors, and researchers and is highly visible in the popular media. In this study, we unveil the drivers motivating the Fintech phenomenon perceived by the English and German popular press including the subjects discussed in the context of Fintech. This study is the first one to reflect the media perspective on the Fintech phenomenon in the research. In doing so, we extend the growing knowledge on Fintech and contribute to a common understanding in the financial and digital innovation literature. These study contributes to research in the areas of information systems, finance and interdisciplinary social sciences. Moreover, it brings value to practitioners (entrepreneurs, investors, regulators, etc.), who explore the field of Fintech.
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Fintech – What ' s in a Name ?
International Conference on Information Systems, 2016Co-Authors: Gerhard SchwabeAbstract:Fintech, the word which originates from marriage of “finance” and “technology”, designates currently a novel, innovative and emerging field which attracts attention from the publicity. At the moment there is no universal understanding and definition of Fintech in the research, however, the topic is widely addressed by the English- and German-speaking press. In this study we aim to make insights into how the press and other popular media understand and frame Fintech, discussing definitions that represents the meaning of it for the press, and deliver the conceptual framework to be used in research and scientific literature. In doing so, we also identify drivers of Fintech and put them in the context of financial and digital innovation research. Thereby, we provide objective understanding of Fintech, how it is reflected in the popular media.
Andrew G Karolyi - One of the best experts on this subject based on the ideXlab platform.
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to Fintech and beyond
Review of Financial Studies, 2019Co-Authors: Itay Goldstein, Wei Jiang, Andrew G KarolyiAbstract:Fintech is about the introduction of new technologies into the financial sector, and it is now revolutionizing the financial industry. In 2017, when the academic finance community was not actively researching Fintech, the editorial team of the Review of Financial Studies launched a competition to develop research proposals focused on this topic. This special issue is the result. In this introductory article, we describe the recent Fintech phenomenon and the novel editorial protocol employed for this special issue following the Registered Reports format. We discuss what we learned from the submitted proposals about the field of Fintech and which ones we selected to be completed and ultimately come out in this special issue. We also provide several observations to help guide future research in the emerging area of Fintech.
Martina Weber - One of the best experts on this subject based on the ideXlab platform.
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Forecasts for the Fintech Market in Germany
FinTech in Germany, 2017Co-Authors: Gregor Dorfleitner, Matthias Schmitt, Lars Hornuf, Martina WeberAbstract:In order to assess not only the present but also the future importance that Fintech companies will have for the German market, we provide a forecast of the size of the Fintech market for the next 5, 10 and 20 years. Despite the current media presence of the Fintech industry, our empirical study shows that it currently has a small volume relative to the entire financial market. Traditional financial institutions or asset managers today claim the largest market shares in the respective subsegments. However, the current state of the market does not rule out the possibility that the markets addressed by Fintechs are developing rapidly, as has been the case with other disruptive technologies, such as those occurring within the music industry or online hotel bookings.
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Definition of Fintech and Description of the Fintech Industry
FinTech in Germany, 2017Co-Authors: Gregor Dorfleitner, Matthias Schmitt, Lars Hornuf, Martina WeberAbstract:Currently there is not a universally accepted definition of the term “Fintech.” The following section provides a brief survey of its use within existing scholarly literature. A definition is formed by means of a general description of the characteristics of Fintechs and an enumeration of the individual segments that make up the Fintech market.
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Digitale Welt und Finanzen. Zahlungsdienste und Finanzberatung\runter einer Digitalen Agenda
Handelsblatt, 2017Co-Authors: Silla Brush, M E Z Banks, Springer Briefs, I N Business, Katharina Schneider, Matthias Schmitt, Andreas Oehler, Gregor Dorfleitner, Lars Hornuf, Martina WeberAbstract:Begriff Fintech, Abgrenzung Versicherung, Bank, Finanzsystem, Ursachen der Transformation. Hintergründe von Fintech. Phasen der Transformation, Ausblick (S. 40). Insurtech!!
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international position of the german Fintech market
2017Co-Authors: Gregor Dorfleitner, Matthias Schmitt, Lars Hornuf, Martina WeberAbstract:A look at the global Fintech markets and the number of newly created Fintech businesses shows that Germany is in fifth place behind the US, the UK, Canada and India (Haddad and Hornuf 2016). However, the study conducted by Haddad and Hornuf (2016) focuses on the European market, since the representativeness of the data regarding Asia provided by CrunchBase is open to question. In terms of the number of newly created Fintech start-ups, Germany boasts the second largest Fintech market in Europe after the UK.