The Risk Landscape within FinTech and InsurTech Business Models

The FinTech/InsurTech-based business models are gradually maturing and disrupting the offering and management of financial services (banking, financial and insurance) on the global stage. However, understanding of the risk landscape of the FinTech and InsurTech business models remains at an early stage due to the diverse nature of their activities and the rapid development of the field. Although FinTech and InsurTech offer the opportunity to accelerate economic growth and expand financial affordability/inclusion in all countries, they pose new risks to financial stability and integrity. This book contains five articles that offer a discussion of state-of-the-art developments or introduce new theoretical or practical advances in the identification, measurement and management of the risks arising from the FinTech/InsurTech-based business models

Organizational-economic mechanism of management innovative development of economic entities: collective monograph

The authors of the book have come to the conclusion that it is necessary to effectively use modern approaches the management of innovative development the economic entities in order to increase the efficiency of activity, to ensure competitiveness, to intensify innovation activity. Basic research focuses on assessing the innovation processes, the fourth generation of new industrial revolution, diagnosis of sources of innovation financing, assessment of social innovations. The research results have been implemented in the different models of development innovation management, renewable energy, introduction of start-up projects and lifelong learning. The results of the study can be used in decision-making at the level the economic entities in different areas of activity and organizational-legal forms of ownership, ministries and departments that promote of development the economic entities on an innovative basis. The results can also be used by students and young scientists in modern concepts and mechanisms for management of innovative development the economic entities in the context of efficient use the resource potential and improvement of innovation policy

Fintech framing financial ecologies : conceptual and policy-related implications

CEL: Finansowe ekologie (FE) stanowią formy koordynacji nastawione na podaż usług finansowych oraz skoncentrowane na określonym terytorium. Obecnie, formy te podlegają transformacji pod wpływem technologii finansowych (Fintech). Idea FE jest istotna pod względem społecznym i ekonomicznym, gdyż zwraca uwagę na segmenty rynku słabo obsługiwane przez rynki finansowe lub z nich wykluczone. FE stanowią platformy łączące branże oraz podmioty z publicznego i prywatnego sektora. Jednocześnie, finansowe ekologie pozostają na wczesnym etapie rozwoju jako koncepcja i przedmiot badań empirycznych. Słabo zbadane pozostają wpływ Fintech na ekosystemy finansowe oraz związane z tym implikacje dla polityki gospodarczej. W odpowiedzi na teoretyczne i praktyczne znaczenie oraz wczesny etap badań nad transformacją FE pod wpływem Fintech, artykuł ma na celu określenie, w jaki sposób Fintech kształtują FE oraz wskazanie związanych z tym implikacji koncepcyjnych oraz dotyczących polityki gospodarczej. METODYKA: Podejście badawcze odwołuje się do zasad spójności koncepcji oraz rekonstrukcji koncepcji. Zastosowano metodę systematycznego przeglądu literatury 48 publikacji, wyselekcjonowanych z baz Scopus i WoS. WYNIKI: Zanalizowano główne elementy koncepcji FE oraz perspektywy teoretyczne pokrewne wobec tej idei. FE stanowią element innych ekosystemów zorientowanych na wyniki a zarazem koncentrowanych na określonym terytorium. Mogą być także traktowane jako niezależne zjawisko i przedmiot badań. Wskazano, że idea FE podlega rozwojowi pod wpływem Fintech w zakresie wszystkich elementów tworzących to zjawisko. Sformułowano zestaw założeń co do wynikających z tej transformacji konsekwencji dla rozumienia zjawiska finansowych ekosystemów i dla polityki gospodarczej. IMPLIKACJE: Wyniki systematycznego przeglądu literatury są istotne dla rozwoju podstaw teoretycznych oraz badań empirycznych nad FE. Mogą także sprzyjać integracji środowiska naukowego wokół rozwoju i akumulacji wiedzy w tej dziedzinie. Mimo standaryzacji wywołanej innowacjami technologicznymi, dostępność, użyteczność oraz efekty ekosystemów finansowych zależą od kontekstów geograficznych, które różnią się pod względem społeczno-ekonomicznym i instytucjonalnym. ORYGINALNOŚĆ I WARTOŚĆ: Artykuł pogłębia rozumienie FE jako form koordynacji usług finansowych, opartych na innowacjach technologicznych oraz zorientowanych na terytorialne projekty i społeczności lokalne. Usystematyzowano główne element koncepcji FE oraz relacje z pokrewnymi ideami sieciowej współpracy dla rozwoju społeczno-gospodarczego. Określono zestaw założeń i wskazano obszary przyszłych badań nad zjawiskiem FE.PURPOSE: Financial ecologies (FEs) are place-based governance forms of financial services provision, currently undergoing a transformation through financial technologies (Fintech). The idea of FEs is socially and economically relevant, since they reach toward underserved or excluded market segments and intermediate for territorial development across industries and sectors of private and public entities. At the same time, the FE remains at the early stage of conceptualization and empirical corroborations, in particular regarding how Fintech affects its core elements and related policy implications. In response to the theoretical and practical relevance, and early stage of theorizing the recent Fintech developments in the FE, this article aims to identify how Fintech frame FEs and to propose the resulting conceptual and policy-related implications. METHODOLOGY: To frame the FE concept, we used the methodological lens of construct clarity principles and the concept reconstruction. The research method includes a systematic literature review of 48 publications selected from Scopus and WoS databases. FINDINGS: We have analyzed the concept of FE according to its major elements and related concepts. The FE remains at the intersection of other outcome-oriented ecosystems that focus on territories, but it can also be treated as an independent phenomenon and research object. The idea of FE has been shaped by Fintech-driven developments in all its constituent elements with conceptual and policy consequences formulated as a set of propositions. IMPLICATIONS: The findings are relevant for future theory development and empirical corroborations of the FE. They can also enhance the integration of research communities of practice to accumulate knowledge. Despite standardization brought about by technological innovations, the availability, usefulness, and effects of financial ecosystems depend on the multiscalar spatial contexts that differ in socio-economic and institutional dimensions. ORIGINALITY AND VALUE: First, the article frames the understanding of FE as financial services governance based on technological advancements and focused on territorial projects and communities. Second, the FE concept was clarified according to major properties and relationships to other adjacent ideas of spatial networking for socioeconomic development. Third, propositions and research areas were formulated for further investigations

Global Innovation Policy Index

Ranks fifty-five nations' strategies to boost innovation capacity: policies on trade, scientific research, information and communications technologies, tax, intellectual property, domestic competition, government procurement, and high-skill immigration

Social Innovation in Higher Education

This open access book offers unique and novel views on the social innovation landscape, tools, practices, pedagogies, and research in the context of higher education. International, multi-disciplinary academics and industry leaders present new developments, research evidence, and practice expertise on social innovation in higher education institutions (HEIs), across academic and professional disciplines. The book includes a selected set of peer-reviewed chapters presenting different perspectives against which relevant actors can identify and analyse social innovation in HEIs. The volume demonstrates how HEIs can respond to societal challenges, support positive social change, and contribute to the development of international public policy discourse. It answers the question ‘how does the present higher education system, in different countries, promote social innovation and create social change and impact’. In answering this question, the book identifies factors driving success as well as obstacles. Furthermore, it examines how higher education innovation assists societal challenges and investigates the benefits of effective social innovation engagement by HEIs. The interdisciplinary approach of the volume makes it a must-read for scholars, students, policy-makers, and practitioners of economics, education, business and management, political science, and sociology interested in a better understanding of social innovation

Social Innovation in Higher Education

This open access book offers unique and novel views on the social innovation landscape, tools, practices, pedagogies, and research in the context of higher education. International, multi-disciplinary academics and industry leaders present new developments, research evidence, and practice expertise on social innovation in higher education institutions (HEIs), across academic and professional disciplines. The book includes a selected set of peer-reviewed chapters presenting different perspectives against which relevant actors can identify and analyse social innovation in HEIs. The volume demonstrates how HEIs can respond to societal challenges, support positive social change, and contribute to the development of international public policy discourse. It answers the question ‘how does the present higher education system, in different countries, promote social innovation and create social change and impact’. In answering this question, the book identifies factors driving success as well as obstacles. Furthermore, it examines how higher education innovation assists societal challenges and investigates the benefits of effective social innovation engagement by HEIs. The interdisciplinary approach of the volume makes it a must-read for scholars, students, policy-makers, and practitioners of economics, education, business and management, political science, and sociology interested in a better understanding of social innovation

Regional networking as success factor in the transformation processes of maritime industry: Experiences and perspectives from Baltic Sea countries

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