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Strategic coupling between finance, technology and the state: Cultivating a Fintech ecosystem for incumbent finance

Overview of attention for article published in Environment and Planning A: Economy and Space, November 2019
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About this Attention Score

  • In the top 25% of all research outputs scored by Altmetric
  • Good Attention Score compared to outputs of the same age (78th percentile)
  • Good Attention Score compared to outputs of the same age and source (68th percentile)

Mentioned by

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16 X users

Citations

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60 Dimensions

Readers on

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211 Mendeley
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Title
Strategic coupling between finance, technology and the state: Cultivating a Fintech ecosystem for incumbent finance
Published in
Environment and Planning A: Economy and Space, November 2019
DOI 10.1177/0308518x19887967
Authors

Reijer Hendrikse, Michiel van Meeteren, David Bassens

Abstract

The rise of Fintech challenges established financial centres and incumbent financial institutions to rethink their strategies to remain obligatory passage points in the age of digitizing finance. To appreciate these changes, it isimportantto maintain theoretical interchange between developments in financial geography and economic geography, its parent discipline. In this paper, we argue that the ways in which evolutionary economic geography impacts strategic coupling in global financial networks are crucial to grasp tomorrow’s geographies of Fintech. Through an in-depth examination of Brussels, we analyze the potential of Fintech opening a window of locational opportunity in financial services. Belgium has put together a strategy to seize this window by leveraging its politically neutral image and Brussels’ existing niche in financial collaboration and infrastructural plumbing. The latter status is exemplified by the presence of global players SWIFT and Euroclear. We analyze how Belgian entrepreneurs and politicians assess Brussels’ locational resources, and strategically couple big financial institutions with small tech startups in order to cultivate a Fintech ecosystem in the service of incumbent finance, constituting a FinTech-State triangle. As such, we document and analyze how the coalescence of finance and technology offers new opportunities for second-tier financial centres, whilst highlighting the difficulties in reaping these in practice.

X Demographics

X Demographics

The data shown below were collected from the profiles of 16 X users who shared this research output. Click here to find out more about how the information was compiled.
Mendeley readers

Mendeley readers

The data shown below were compiled from readership statistics for 211 Mendeley readers of this research output. Click here to see the associated Mendeley record.

Geographical breakdown

Country Count As %
Unknown 211 100%

Demographic breakdown

Readers by professional status Count As %
Student > Ph. D. Student 23 11%
Lecturer 16 8%
Researcher 16 8%
Student > Master 14 7%
Student > Doctoral Student 14 7%
Other 34 16%
Unknown 94 45%
Readers by discipline Count As %
Business, Management and Accounting 42 20%
Economics, Econometrics and Finance 27 13%
Computer Science 11 5%
Social Sciences 11 5%
Arts and Humanities 4 2%
Other 15 7%
Unknown 101 48%
Attention Score in Context

Attention Score in Context

This research output has an Altmetric Attention Score of 9. This is our high-level measure of the quality and quantity of online attention that it has received. This Attention Score, as well as the ranking and number of research outputs shown below, was calculated when the research output was last mentioned on 15 February 2023.
All research outputs
#4,215,491
of 25,411,814 outputs
Outputs from Environment and Planning A: Economy and Space
#432
of 1,917 outputs
Outputs of similar age
#80,031
of 375,185 outputs
Outputs of similar age from Environment and Planning A: Economy and Space
#7
of 22 outputs
Altmetric has tracked 25,411,814 research outputs across all sources so far. Compared to these this one has done well and is in the 83rd percentile: it's in the top 25% of all research outputs ever tracked by Altmetric.
So far Altmetric has tracked 1,917 research outputs from this source. They typically receive a lot more attention than average, with a mean Attention Score of 11.4. This one has done well, scoring higher than 77% of its peers.
Older research outputs will score higher simply because they've had more time to accumulate mentions. To account for age we can compare this Altmetric Attention Score to the 375,185 tracked outputs that were published within six weeks on either side of this one in any source. This one has done well, scoring higher than 78% of its contemporaries.
We're also able to compare this research output to 22 others from the same source and published within six weeks on either side of this one. This one has gotten more attention than average, scoring higher than 68% of its contemporaries.