Header

UZH-Logo

Maintenance Infos

Sustainable Digital Finance: The Role of FinTech, InsurTech & Blockchain for Shaping the World for the Better


Puschmann, Thomas; Leifer, Larry (2020). Sustainable Digital Finance: The Role of FinTech, InsurTech & Blockchain for Shaping the World for the Better. Zurich/Stanford: University of Zurich and Stanford University.

Abstract

The digital finance revolution, which is often termed the “FinTech Revolution”, is currently changing the financial services industry through innovative solutions, often developed by start- up and Big Tech companies. The financial sector is one of the key pillars of all economic trans- actions in general and sustainability specifically. As is so often the case: money is power. Inno- vative examples range from digital supply chain finance enabled agricultural and fashion value chains bridging Western and African as well as Asian countries, digital currency fueled smart meters for schools in Africa, digital investment marketplaces for forest tokens to crowdfunding enabled entrepreneurship in Asia and South America. Digital innovation in financial services is changing the way how financial resources can be accessed, distributed, and managed.
This paper analyzes approaches from the emerging field of FinTech, InsurTech and blockchain at the intersection of sustainability. By reading through almost one-hundred and fifty papers from academia and practice as well as analyzing hundreds of start-ups in this field, the major building blocks were derived and a future research and innovation agenda was developed. The Appendix which is mentioned in this paper is downloadable online: www.sustainable-digital- finance.org. The results indicate that the topic is of great emerging interest. The areas of the focus are energy management, financial services, governments/NGOs, and transportation as well as some other relevant sectors that hold great potential and in which the combination of business and sustainability benefits is more obvious than ever enabled through innovative technology. The analysis reveals that future research and innovation areas might be fruitful in (1) novel ways for an integrated measuring of business and sustainability benefits, (2) novel sustainable cross-industry ecosystems and business models relying on new FinTech, InsurTech and blockchain enabled products and services, (3) new forms of organizational designs such as autonomous distributed organizations and processes built on new governance mechanisms and (4) novel FinTech, InsurTech, and blockchain applications for Sustainable Digital Finance Ecosystems.

Abstract

The digital finance revolution, which is often termed the “FinTech Revolution”, is currently changing the financial services industry through innovative solutions, often developed by start- up and Big Tech companies. The financial sector is one of the key pillars of all economic trans- actions in general and sustainability specifically. As is so often the case: money is power. Inno- vative examples range from digital supply chain finance enabled agricultural and fashion value chains bridging Western and African as well as Asian countries, digital currency fueled smart meters for schools in Africa, digital investment marketplaces for forest tokens to crowdfunding enabled entrepreneurship in Asia and South America. Digital innovation in financial services is changing the way how financial resources can be accessed, distributed, and managed.
This paper analyzes approaches from the emerging field of FinTech, InsurTech and blockchain at the intersection of sustainability. By reading through almost one-hundred and fifty papers from academia and practice as well as analyzing hundreds of start-ups in this field, the major building blocks were derived and a future research and innovation agenda was developed. The Appendix which is mentioned in this paper is downloadable online: www.sustainable-digital- finance.org. The results indicate that the topic is of great emerging interest. The areas of the focus are energy management, financial services, governments/NGOs, and transportation as well as some other relevant sectors that hold great potential and in which the combination of business and sustainability benefits is more obvious than ever enabled through innovative technology. The analysis reveals that future research and innovation areas might be fruitful in (1) novel ways for an integrated measuring of business and sustainability benefits, (2) novel sustainable cross-industry ecosystems and business models relying on new FinTech, InsurTech and blockchain enabled products and services, (3) new forms of organizational designs such as autonomous distributed organizations and processes built on new governance mechanisms and (4) novel FinTech, InsurTech, and blockchain applications for Sustainable Digital Finance Ecosystems.

Statistics

Downloads

14 downloads since deposited on 10 Feb 2021
14 downloads since 12 months
Detailed statistics

Additional indexing

Item Type:Published Research Report
Communities & Collections:03 Faculty of Economics > Department of Banking and Finance
Dewey Decimal Classification:330 Economics
Language:English
Date:2020
Deposited On:10 Feb 2021 07:57
Last Modified:10 Feb 2021 07:57
Publisher:University of Zurich and Stanford University
OA Status:Green
Free access at:Official URL. An embargo period may apply.
Official URL:https://15962d61-999f-45ee-b3cc-d525dc175190.filesusr.com/ugd/36c425_132a63e0c31b42abaf3ebb32c810927a.pdf
Other Identification Number:merlin-id:19902

Download

Green Open Access

Download PDF  'Sustainable Digital Finance: The Role of FinTech, InsurTech & Blockchain for Shaping the World for the Better'.
Preview
Content: Published Version
Filetype: PDF
Size: 1MB