Disruptive innovations and the challenges for banking

Anders Kjellman; Tom Björkroth; Taisto Kangas; Risto Tainio; Thomas Westerholm

doi:10.1504/IJFIB.2019.102308

Disruptive innovations and the challenges for banking

Anders Kjellman
, Tom Björkroth
, Taisto Kangas
, Risto Tainio
, Thomas Westerholm

Department of Management Studies

Research output: Contribution to journal › Article › Scientific › peer-review

Abstract

In this article, we analyse the concepts of disruptive innovations, innovation platforms and potential ways forward for the banking industry in Europe. The choice of platform and place in the eco-system are strategic choices under a high degree of uncertainty. There is no quick fix, nor one size fits all banks, however, we find that banks need capable teams that are able to come up with viable solutions for the future, and the bank's platform.

Original language	English
Pages (from-to)	232 - 249
Journal	International Journal of Financial Innovation in Banking
Volume	2
Issue number	3
DOIs	https://doi.org/10.1504/IJFIB.2019.102308
Publication status	Published - 13 Sept 2019
MoE publication type	A1 Journal article-refereed

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 9 Industry, Innovation, and Infrastructure

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10.1504/IJFIB.2019.102308

Cite this

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abstract = "In this article, we analyse the concepts of disruptive innovations, innovation platforms and potential ways forward for the banking industry in Europe. The choice of platform and place in the eco-system are strategic choices under a high degree of uncertainty. There is no quick fix, nor one size fits all banks, however, we find that banks need capable teams that are able to come up with viable solutions for the future, and the bank's platform.",

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AU - Westerholm, Thomas

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U2 - 10.1504/IJFIB.2019.102308

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Disruptive innovations and the challenges for banking

Abstract

UN SDGs

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