Details
| Original language | English |
|---|---|
| Title of host publication | AMCIS 2019 Proceedings. 4 |
| Subtitle of host publication | EBUSINESS AND ECOMMERCE DIGITAL COMMERCE (SIGEBIZ) |
| Publication status | Published - 2019 |
| Event | 25th Americas Conference on Information Systems, AMCIS 2019 - Cancun, Mexico Duration: 15 Aug 2019 → 17 Aug 2019 |
Abstract
FinTechs are attracting ongoing interest in both academia and practice. With the use of techniques borrowed from grounded theory, we analyze material from 10 interviews with managers and Chief Executive Officers at FinTechs and 8 interviews with venture capitalists (VCs). We examined 15 critical success factors (CSFs) for FinTech ventures. These are divided into 9 factors that generally apply to general ventures: (1) team, (2) entrepreneur, (3) capital, (4) product/market fit, (5) idea and execution, (6) pivoting and continuous learning, (7) customer acquisition, (8) internationalization, and (9) networking. In addition, we examine 6 factors that have specific relevance to FinTech venture success, namely, (10) technological advantage, (11) regulatory knowledge, (12) B2B focus, (13) incumbent partnerships, (14) growth potential, and (15) exit options for VCs. Our study expands the literature on CSFs for FinTechs and provides recommendations for entrepreneurs to be more successful.
Keywords
- Critical success factors, FinTechs, Grounded theory, Venture capital success
ASJC Scopus subject areas
- Computer Science(all)
- Information Systems
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AMCIS 2019 Proceedings. 4: EBUSINESS AND ECOMMERCE DIGITAL COMMERCE (SIGEBIZ). 2019.
Research output: Chapter in book/report/conference proceeding › Conference contribution › Research › peer review
}
TY - GEN
T1 - Challenges of the financial industry
T2 - 25th Americas Conference on Information Systems, AMCIS 2019
AU - Werth, Oliver
AU - Cardona, Davinia Rodríguez
AU - Nowatschin, Jan
AU - Werner, Matthias
AU - Guhr, Nadine
AU - Breitner, Michael H.
N1 - Publisher Copyright: © 2019 Association for Information Systems. All rights reserved. Copyright: Copyright 2020 Elsevier B.V., All rights reserved.
PY - 2019
Y1 - 2019
N2 - FinTechs are attracting ongoing interest in both academia and practice. With the use of techniques borrowed from grounded theory, we analyze material from 10 interviews with managers and Chief Executive Officers at FinTechs and 8 interviews with venture capitalists (VCs). We examined 15 critical success factors (CSFs) for FinTech ventures. These are divided into 9 factors that generally apply to general ventures: (1) team, (2) entrepreneur, (3) capital, (4) product/market fit, (5) idea and execution, (6) pivoting and continuous learning, (7) customer acquisition, (8) internationalization, and (9) networking. In addition, we examine 6 factors that have specific relevance to FinTech venture success, namely, (10) technological advantage, (11) regulatory knowledge, (12) B2B focus, (13) incumbent partnerships, (14) growth potential, and (15) exit options for VCs. Our study expands the literature on CSFs for FinTechs and provides recommendations for entrepreneurs to be more successful.
AB - FinTechs are attracting ongoing interest in both academia and practice. With the use of techniques borrowed from grounded theory, we analyze material from 10 interviews with managers and Chief Executive Officers at FinTechs and 8 interviews with venture capitalists (VCs). We examined 15 critical success factors (CSFs) for FinTech ventures. These are divided into 9 factors that generally apply to general ventures: (1) team, (2) entrepreneur, (3) capital, (4) product/market fit, (5) idea and execution, (6) pivoting and continuous learning, (7) customer acquisition, (8) internationalization, and (9) networking. In addition, we examine 6 factors that have specific relevance to FinTech venture success, namely, (10) technological advantage, (11) regulatory knowledge, (12) B2B focus, (13) incumbent partnerships, (14) growth potential, and (15) exit options for VCs. Our study expands the literature on CSFs for FinTechs and provides recommendations for entrepreneurs to be more successful.
KW - Critical success factors
KW - FinTechs
KW - Grounded theory
KW - Venture capital success
UR - http://www.scopus.com/inward/record.url?scp=85084018910&partnerID=8YFLogxK
M3 - Conference contribution
SN - 978-0-9966831-8-0
BT - AMCIS 2019 Proceedings. 4
Y2 - 15 August 2019 through 17 August 2019
ER -