Scaling consumer fintech ventures : how firms seek to extend their initial technology advantage and capture value over time
Name
1003320908-MIT.pdf
Description
Full printable version
Size
1.54 MB
Format
Adobe PDF
Checksum (MD5)
ce1c96f780c354f879c81ba83188f4ae
Author(s)
Okudo, Melkizedeck S
Advisor(s)
Duncan Simester.
Alternative Title
How firms seek to extend their initial technology advantage and capture value over time
Date Issued
2017
Publisher
Massachusetts Institute of Technology
Abstract
The fintech sector has experienced intense interest from financial industry participants as the number of fintech start-ups has proliferated and robust growth statistics have prompted financial sector incumbents to respond with their own investments in the sector. As a result of the rapid increase in competition, innovators who have created value have found challenges to capture and deliver this value to end users with sustainable business models. This thesis presents the results of a study of the leading fintech firms using the lens of a value capture and value delivery framework. The framework reveals not only how these firms have successfully navigated through this challenging landscape, but also how they need to be aware of the evolving competitive dynamics over time. The insights presented have implications for potential entrants that seek to launch a consumer focused fintech firm. In particular, a review of the experiences of the most prominent fintech firms reveals how they have used technology to uncover under-served markets and have sought to differentiate themselves and extend their initial advantage by scaling and through strategic partnerships with incumbents.
Description
Thesis: M.B.A., Massachusetts Institute of Technology, Sloan School of Management, 2017.
Cataloged from PDF version of thesis.
Includes bibliographical references (pages 21-22).
Subjects
Sloan School of Management.
MIT Department
Sloan School of Management
Terms of Use
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