PACIS 2019 Proceedings

Abstract

In recent years a lively scene of startup companies developed focusing specifically on the financial services sector. These so-called FinTechs are characterized by highlyinnovative capacities, rapid development methods and a short time to market for their services and technical solutions. This external source of innovation can pose a competitive threat to traditional financial service companies or, on the contrary, may add value by serving as an additional resource for new ideas and technical solutions. Using a multiple case study approach, 18 interviews were conducted with representatives of FinTechs, financial services corporations, and specialized consulting firms. Westudy how large corporations and FinTechs interact with each other, what organizational setups were chosen and how knowledge transfer is organized for successful collaboration.Our results indicate that the organizational setup, split into three dimensions, has a strong impact on the integration of external knowledge which, in turn, affectsthe success of innovation sourcing.

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