The DOI matches its Crossref record; 40 of the 40 references it cites were found in a registry or an index.
The evolution of the financial technology ecosystem: An introduction and agenda for future research on disruptive innovations in ecosystems
Open accessAbstract
Abstract At a time when many mature industries have been fundamentally transformed by disruptive innovations, prominent examples such as Apple and Uber reflect how disruptive innovations often originate at the ecosystem or system level rather than in individual firms. Unfortunately, the academic literature has paid little attention to the role of ecosystem development and evolution in relation to disruptive innovations. To overcome this oversight, our study defines disruptive innovation ecosystems and illustrates the impact that the financial technology (FinTech) ecosystem has had on disrupting the financial services industry. We offer an agenda for future research on disruptive innovations and ecosystems and discuss the evolution of the FinTech ecosystem. Our study shows that disruptive innovation ecosystems are not only in need of but also deserving of further attention.
Overview
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Integrity signals
Registry
Cites
Statistics
Verification
Claims the paper makes
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Self-check
Percentages, sums and reported differences re-computed from the paper’s own numbers.
The self-check needs the paper’s full text.
Citations
Cites
Grounded theory research: Procedures, canons, and evaluative criteria
Corbin, J. M., & Strauss, A. (1990) · Qualitative Sociology · doi:10.1007/bf00988593 · Cited by 11,133
Towards a theory of ecosystems
Jacobides, M. G., Cennamo, C., & Gawer, A. (2018) · Strategic Management Journal · doi:10.1002/smj.2904 · Cited by 3,724
(1993) · PubMed · Cited by 3,302
Ecosystem as Structure: An Actionable Construct for Strategy
Adner, R. (2017) · Journal of Management · doi:10.1177/0149206316678451 · Cited by 2,600
'Mode 3' and 'Quadruple Helix': toward a 21st century fractal innovation ecosystem
Carayannis, E. G., & Campbell, D. F. J. (2009) · International Journal of Technology Management · doi:10.1504/ijtm.2009.023374 · Cited by 2,435
Disruptive technologies: catching the wave
(1995) · Long Range Planning · doi:10.1016/0024-6301(95)91075-1 · Cited by 2,402
Industry Platforms and Ecosystem Innovation
Gawer, A., & Cusumano, M. A. (2014) · Journal of Product Innovation Management · doi:10.1111/jpim.12105 · Cited by 2,394
The innovator's solution: creating and sustaining successful growth
(2014) · Choice Reviews Online · doi:10.5860/choice.51-5108 · Cited by 2,002
Airbnb: disruptive innovation and the rise of an informal tourism accommodation sector
Guttentag, D. (2015) · Current Issues in Tourism · doi:10.1080/13683500.2013.827159 · Cited by 1,848
Fintech: Ecosystem, business models, investment decisions, and challenges
Lee, I., & Shin, Y. J. (2018) · Business Horizons · doi:10.1016/j.bushor.2017.09.003 · Cited by 1,692
Cited by
Financial inclusion and fintech: a state-of-the-art systematic literature review
Ha, D., Le, P., & Nguyen, D. K. (2025) · Financial Innovation · doi:10.1186/s40854-024-00741-0 · Cited by 110
“However, some countries struggled with technological adaptability (Palmié et al. 2020; Knaack and Gruin 2021; Osabutey and Jackson 2024).”
InfluentialContextual factors of disruptive innovation: A systematic review and framework
Antonio, J. L., & Kanbach, D. K. (2023) · Technological Forecasting and Social Change · doi:10.1016/j.techfore.2022.122274 · Cited by 74
Fintech, base of the pyramid entrepreneurs and social value creation
Arslan, A., Buchanan, B. G., Kamara, S., & Al Nabulsi, N. (2022) · Journal of Small Business and Enterprise Development · doi:10.1108/jsbed-10-2020-0370 · Cited by 58
Jalil, M. F., Lynch, P., Marikan, D. A. B. A., & Isa, A. H. B. M. (2025) · AI & SOCIETY · doi:10.1007/s00146-024-01969-1 · Cited by 33
Metadata
- Authors
- Palmié, M., Wincent, J., Parida, V., & Caglar, U.
- Venue
- Technological Forecasting and Social Change
- Publisher
- Elsevier BV
- Published
- 2020-02
- Volume
- 151
- Pages
- 119779
- ISSN
- 0040-1625 (ISSN-L)
- OpenAlex
- W2987177078
- Cited by
- 363
- References
- 40
- FWCI
- 34.07
- Type
- journal article
- Language
- en
- Open access
- green
About these checks
Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
Statistics and arithmetic are recomputed, not judged.
Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.
What counts as a claim ›How we measure confidence ›How we check this ›
Are you an author, or do you see a problem with this page? Request a review
How to cite
Cite CoChat for the checks on this page, and the paper for its own findings.
- This page
- CoChat. (2026). Citation check: The evolution of the financial technology ecosystem: An introduction and agenda for future research on disruptive innovations in ecosystems. https://app.cochat.ai/papers/10.1016/j.techfore.2019.119779
- The paper
- Palmié, M., Wincent, J., Parida, V., & Caglar, U. (2020). The evolution of the financial technology ecosystem: An introduction and agenda for future research on disruptive innovations in ecosystems. Technological Forecasting and Social Change. https://doi.org/10.1016/j.techfore.2019.119779
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.