%0 Journal Article %J Technology Innovation Management Review %D 2022 %T The Impact of FinTech and Blockchain Technologies on Banking and Financial Services %A Anitha Kumari %A N. Chitra Devi %K Blockchain Technology %K decentralized finance %K digital banking %K FinTech %X With the emergence of new technologies, banks and financial services around the globe are taking advantage. The rapid development of information technology, internet connectivity, and smartphones has influenced the banking and financial services sector. The combination of financial technology (FinTech) and blockchain is deliberately transforming digital banking services. This study explores the intervention of FinTech and blockchain technologies in digital banking and financial services. The present study shows that FinTech and blockchain have a strong influence on the digitalization trends. The research focuses on processes of modernization in banking and financial services in addition to particular focus on the community. %B Technology Innovation Management Review %I Talent First Network %C Ottawa %V 12 %P 22010204 %8 05/2022 %G eng %U timreview.ca/article/1481 %N 1/2 %1 Hindustan Institute of Technology and Science Anitha Kumari is pursuing her Ph.D. in the School of Management, Hindustan Institute of Technology and Science. Her Bachelor's degree was in Computer Applications, while she obtained a Master's in Business Administration with a specialty in finance and systems. She has five years of teaching experience in academics. Her research interests include information systems, new technologies, and digital banking services. %2 Hindustan Institute of Technology and Science N. Chitra Devi is an assistant professor at the Hindustan Institute of Technology and Science. She has 11 years of teaching experience in academics and research. She has authored many articles and published papers in indexed and peer-reviewed journals. She has reviewed many research papers in the area of stock market analysis and econometrics. %& - %R http://doi.org/10.22215/timreview/1481 %0 Journal Article %J Technology Innovation Management Review %D 2022 %T Interview: Blockchain and Digital Transformation in Financial Services. Part I: Transformation and Adoption of DLTs, Technology and Innovation, Markets and Money Management %A Maryanne Morrow %A Matthew Midson %A Gregory Sandstrom %K blockchain %K digital transformation %K distributed ledger technology %K FinTech %K Real Time Settlement %X This interview on “Blockchain and Digital Transformation in Financial Services” between 9th Gear Technologies, Inc., CPQi and the TIM Review took place on April 22nd and 29th, 2022. The interviewees were Maryanne Morrow, CEO, Founder, and Chairman of 9th Gear, and Matthew Midson, CEO, North America, CPQi. The interview was conducted by Gregory Sandstrom, Managing Editor, TIM Review. %B Technology Innovation Management Review %I Talent First Network %C Ottawa %V 12 %P 22010205 %8 05/2022 %G eng %U timreview.ca/article/1482 %N 1/2 %1 9th Gear Technologies Maryanne brings more than 25 years as a corporate veteran in the financial, marketing and advertising industries to her role as founder and CEO of 9th Gear Technologies where she is responsible for leading corporate strategy, scaling the company and investor relations. She is a capital markets specialist, launching a family of mutual funds and architecting fee-based asset management platforms for banks, broker dealers and insurance firms. Maryanne previously served as CEO of SurgeXLR, a boutique accelerator she founded that focused on faster paths to monetization. She was also involved in two successful exits (to Standard & Poor’s and BNP Paribas), and consulted on the custom content and advertising efforts of many financial firms while working at The Wall Street Journal. Maryanne is an active angel investor and an expert on distributed ledger technology, ICOs and cryptocurrency. Maryanne was educated at Cornell University (Material Science Engineering), LeMoyne (Finance) and Whittier Law School with continuous learning at Stanford University (Scaling Blockchain, Valuation Modeling, Angel Investing and part of the Blockchain Club). %2 CPQi Matt leads CPQi North American practice and is responsible for all aspects of the IT consulting business. Matt has over 29 years of combined industry and consulting experience in the Financial Services Industry. Prior to his more recent management consulting roles, Matt held long tenures in several large Global Banks (HSBC, Société Générale, Deutsche Bank, RBS), managing all aspects of Technology and Business focused heavily on Global Capital Markets and Global Banking sectors. Matt has a proven record in delivering business and technology strategies to support growth of business revenue plans, operational effectiveness initiatives, while balancing the demands of today’s highly regulated environment. Matt’s extensive financial services career originated from hands-on execution roles, through middle/upper management to an experienced CIO. His senior leadership roles have involved leading large diverse direct and non-direct teams in the Americas, Europe, and Asia. %3 Technology Innovation Management Review Gregory Sandstrom is Managing Editor of the TIM Review. He is a former Associate Professor of Mass Media and Communications at the European Humanities University (2012-2017), and Affiliated Associate Professor at the Social Innovations Laboratory, Mykolas Romeris University (2016-2017) in Vilnius, Lithuania. His PhD is from St. Petersburg State University and the Sociological Institute of the Russian Academy of Sciences. He interned at the S.I. Vavilov Institute for the History of Science and Technology, St. Petersburg, sector on Sociology of Science (2010). He was a Postdoctoral Research Fellow at the Lithuanian Science Council (2013-2015), for which he conducted research visits to the Copernican Centre for Interdisciplinary Studies (Krakow), the University of Edinburgh's Extended Knowledge Project, Cambridge University's History and Philosophy of Science Department, and Virginia State University's Science and Technology Studies program. He worked for the Bard College Institute for Writing and Thinking, leading student and faculty language and communications workshops, most recently (2013, 2014, 2017) in Yangon, Myanmar. His current research interests are distributed ledger technology (blockchain) systems and digital extension services. %& - %R http://doi.org/10.22215/timreview/1482 %0 Journal Article %J Technology Innovation Management Review %D 2022 %T Interview: Blockchain and Digital Transformation in Financial Services. Part II: Governance and Legal Issues, Future Opportunities, Development Needs and Research Pathways %A Maryanne Morrow %A Matthew Midson %A Gregory Sandstrom %K blockchain %K digital transformation %K distributed ledger technology %K FinTech %K Real Time Settlement %X This interview on “Blockchain and Digital Transformation in Financial Services” between 9th Gear Technologies, Inc., CPQi and the TIM Review took place on April 22nd and 29th, 2022. The interviewees were Maryanne Morrow, CEO, Founder, and Chairman of 9th Gear, and Matthew Midson, CEO, North America, CPQi. The interview was conducted by Gregory Sandstrom, Managing Editor, TIM Review. %B Technology Innovation Management Review %I Talent First Network %C Ottawa %V 12 %P 22010206 %8 05/2022 %G eng %U timreview.ca/article/1483 %N 1/2 %1 9th Gear Technologies Maryanne brings more than 25 years as a corporate veteran in the financial, marketing and advertising industries to her role as founder and CEO of 9th Gear Technologies where she is responsible for leading corporate strategy, scaling the company and investor relations. She is a capital markets specialist, launching a family of mutual funds and architecting fee-based asset management platforms for banks, broker dealers and insurance firms. Maryanne previously served as CEO of SurgeXLR, a boutique accelerator she founded that focused on faster paths to monetization. She was also involved in two successful exits (to Standard & Poor’s and BNP Paribas), and consulted on the custom content and advertising efforts of many financial firms while working at The Wall Street Journal. Maryanne is an active angel investor and an expert on distributed ledger technology, ICOs and cryptocurrency. Maryanne was educated at Cornell University (Material Science Engineering), LeMoyne (Finance) and Whittier Law School with continuous learning at Stanford University (Scaling Blockchain, Valuation Modeling, Angel Investing and part of the Blockchain Club). %2 CPQi Matt leads CPQi North American practice and is responsible for all aspects of the IT consulting business. Matt has over 29 years of combined industry and consulting experience in the Financial Services Industry. Prior to his more recent management consulting roles, Matt held long tenures in several large Global Banks (HSBC, Société Générale, Deutsche Bank, RBS), managing all aspects of Technology and Business focused heavily on Global Capital Markets and Global Banking sectors. Matt has a proven record in delivering business and technology strategies to support growth of business revenue plans, operational effectiveness initiatives, while balancing the demands of today’s highly regulated environment. Matt’s extensive financial services career originated from hands-on execution roles, through middle/upper management to an experienced CIO. His senior leadership roles have involved leading large diverse direct and non-direct teams in the Americas, Europe, and Asia. %3 Technology Information Management Review Gregory Sandstrom is Managing Editor of the TIM Review. He is a former Associate Professor of Mass Media and Communications at the European Humanities University (2012-2017), and Affiliated Associate Professor at the Social Innovations Laboratory, Mykolas Romeris University (2016-2017) in Vilnius, Lithuania. His PhD is from St. Petersburg State University and the Sociological Institute of the Russian Academy of Sciences. He interned at the S.I. Vavilov Institute for the History of Science and Technology, St. Petersburg, sector on Sociology of Science (2010). He was a Postdoctoral Research Fellow at the Lithuanian Science Council (2013-2015), for which he conducted research visits to the Copernican Centre for Interdisciplinary Studies (Krakow), the University of Edinburgh's Extended Knowledge Project, Cambridge University's History and Philosophy of Science Department, and Virginia State University's Science and Technology Studies program. He worked for the Bard College Institute for Writing and Thinking, leading student and faculty language and communications workshops, most recently (2013, 2014, 2017) in Yangon, Myanmar. His current research interests are distributed ledger technology (blockchain) systems and digital extension services. %& - %R http://doi.org/10.22215/timreview/1483 %0 Journal Article %J Technology Innovation Management Review %D 2020 %T Editorial: Insights (June 2020) %A Stoyan Tanev %A Gregory Sandstrom %K Bitcoin %K blockchain %K crowdfunding %K crypto assets %K cryptocurrencies %K developing countries. %K distributed ledger technology %K Employeedriven innovation %K entrepreneurial finance %K entrepreneurship %K Ethereum %K Financial industry %K FinTech %K ICOs %K IEO %K innovation %K intellectual property rights %K internationalization %K IT industry %K job autonomy %K mining industry %K moral hazard %K need for autonomy %K new company %K Porter's Five Forces framework %K regulation %K scaling company value %K scaling-up %K self-leadership %K signaling %K SME %K STO %K sustainability %K technological environment %K technology %K technology readiness %K token offering %K token sales %K tokenization %K value proposition %K value proposition alignment %K venture capital %B Technology Innovation Management Review %I Talent First Network %C Ottawa %V 10 %P 3-4 %8 06/2020 %G eng %U timreview.ca/article/1363 %N 6 %1 Technology Innovation Management Review Stoyan Tanev, PhD, MSc, MEng, MA, is Associate Professor of Technology Entrepreneurship and Innovation Management associated with the Technology Innovation Management (TIM) Program, Sprott School of Business, Carleton University, Ottawa, ON, Canada. Before re-joining Carleton University, Dr. Tanev was part of the Innovation and Design Engineering Section, Faculty of Engineering, University of Southern Denmark (SDU), Odense, Denmark. Dr. Tanev has a multidisciplinary background including MSc in Physics (Sofia University, Bulgaria), PhD in Physics (1995, University Pierre and Marie Curie, Paris, France, co-awarded by Sofia University, Bulgaria), MEng in Technology Management (2005, Carleton University, Ottawa, Canada), MA in Orthodox Theology (2009, University of Sherbrooke, Montreal Campus, QC, Canada) and PhD in Theology (2012, Sofia University, Bulgaria). Stoyan has published multiple articles in several research domains. His current research interests are in the fields of technology entrepreneurship and innovation management, design principles and growth modes of global technology start-ups, business analytics, topic modeling and text mining. He has also an interest in interdisciplinary issues on the interface of the natural and social sciences. %2 Technology Innovation Management Review Gregory Sandstrom is Managing Editor of the TIM Review. He is a former Associate Professor of Mass Media and Communications at the European Humanities University (2012-2017), and Affiliated Associate Professor at the Social Innovations Laboratory, Mykolas Romeris University (2016-2017) in Vilnius, Lithuania. He completed a PhD from the Faculty of Sociology at St. Petersburg State University and the Sociological Institute of the Russian Academy of Sciences, sector on Sociology of Science (2010). He was a Postdoctoral Research Fellow at the Lithuanian Science Council (2013-2015), for which he conducted research visits to the Copernican Centre for Interdisciplinary Studies (Krakow), the University of Edinburgh's Extended Knowledge Project, Cambridge University's History and Philosophy of Science Department, and Virginia State University's Science and Technology Studies program, as well as previously at the Autonomous National University of Mexico's Institute for Applied Mathematics and Systems (2010-2011). He was affiliated with the Bard College Institute for Writing and Thinking, leading student and faculty language and communications workshops, most recently (2013, 2014, 2017) in Yangon, Myanmar. He is a promoter and builder of blockchain distributed ledger technology systems and digital extension services. %& 3 %R http://doi.org/10.22215/timreview/1363 %0 Journal Article %J Technology Innovation Management Review %D 2020 %T Fundraising Campaigns in a Digital Economy: Lessons from a Swiss Synthetic Diamond Venture's Initial Coin Offering (ICO) %A Jahja Rrustemi %A Nils S. Tuchschmid %K Bitcoin %K blockchain %K crowdfunding %K crypto assets %K cryptocurrencies %K distributed ledger technology %K entrepreneurial finance %K Ethereum %K Financial industry %K FinTech %K ICOs %K IEO %K moral hazard. %K signaling %K STO %K token offering %K token sales %K tokenization %K venture capital %X As economies digitalize and many local businesses gradually internationalize, crowdfunding platforms have offered a new way for ventures to raise capital. Relying on distributed ledger technology (DLT, blockchain), the method of "tokenization" now seems to be the next way for digital economics to be actualised in practise. Digitalizing some of the production and selling processes through crypto-tokenization technology has brought with it new perspectives and opportunities. Any thorough consideration of the logic of "distributed systems" applied to economics is bound to see that it potentially brings considerable disruptions and significant changes in how companies get access to funding. Cryptocurrencies, and subsequently "tokens" initially issued from "initial coin offerings" (ICOs) have answered an obvious need for efficient, borderless, and secure flows of capital. This article first summarizes what early academic research tells us about ICOs based on DLTs and their factors of success. We then use the case of LakeDiamond, a Swiss venture in the business of growing and polishing synthetic diamonds, to present and contextualize the process of holding an ICO, which ultimately did not succeed. In the final section, we present two fund raising models that have recently gained traction and popularity, namely "security token offerings" (STOs) and "initial exchange offerings" (IEOs), and highlight their main advantages compared to ICOs. %B Technology Innovation Management Review %I Talent First Network %C Ottawa %V 10 %P 53-63 %8 06/2020 %G eng %U timreview.ca/article/1368 %N 6 %1 Haute Ecole de Gestion Fribourg (HEG-FR) Jahja Rrustemi is a scientific collaborator at the Haute Ecole de Gestion Fribourg (HEG-FR), University of Applied Sciences and Arts Western Switzerland. He holds a Master of Science in Wealth Management at the University of Geneva. The main focus of his research relates to Portfolio Allocation Methods, Risk Minimization, Forward-looking Risk Measures as well as Cryptocurrencies and the Tokenization of the economy. %2 Haute Ecole de Gestion Fribourg (HEG-FR) Nils S. Tuchschmid is professor of Finance and head of the Finance Institute at the Haute Ecole de Gestion Fribourg (HEG-FR), University of Applied Sciences and Arts Western Switzerland. Before joining HEG-FR, Nils was a Partner, Head of Tactical Trading Strategies and Chairman of the Investment Committee at Tages Group. Previously, he was the Co-Head of the Alternative Funds Advisory team at UBS and Head of Multi-Manager Portfolios at Credit-Suisse. He also worked as Strategist and Head of quantitative research and alternative investments at Banque Cantonale Vaudoise. Nils was Professor of Banking and Finance at HEG Geneva and Professor of Finance at HEC Lausanne University. He holds a Ph.D. in Economics from the University of Geneva. %& 53 %R http://doi.org/10.22215/timreview/1368 %0 Journal Article %J Technology Innovation Management Review %D 2019 %T Digital Payments: Impact Factors and Mass Adoption in Sub-Saharan Africa %A Leigh Soutter %A Kenzie Ferguson %A Michael Neubert %K adoption %K blockchain %K FinTech %K mobile money %K non-consumption %K payments %K sub-Saharan Africa %X This study explores impact factors that affect the adoption of digital payment systems in sub-Saharan Africa. In this article, we investigate the impact factors that subject-matter experts consider most important to the success of FinTech payment models. The data and their responses are evaluated through the lens of Christensen’s market-creation theory, which contends that the adoption of market-creating innovations by a mass swathe of heretofore non-consumers “pulls” framework conditions into place, including missing infrastructure and enabling regulation. Then, we compare the findings with the literature and three case studies of mobile money adoption in Kenya, South Africa, and Nigeria. This study addresses a gap in the literature regarding the payment and money transfer segment of FinTech innovations in Africa using a multiple case study methodology. We drew together information from multiple sources, including semi-structured interviews, archival data in the form of industry and regulatory reports, and observational field notes. Our findings suggest that enabling environments (Kenya) do jumpstart adoption and difficult frameworks (Nigeria) do evolve. This study will help FinTech innovators, academics, and policymakers to understand how technology and framework conditions impact payment business models in Africa. %B Technology Innovation Management Review %I Talent First Network %C Ottawa %V 9 %P 41-55 %8 07/2019 %G eng %U https://timreview.ca/article/1254 %N 7 %1 International School of Management (ISM) Paris Leigh Soutter is a Vice President at Florence Venture Partners, an angel investment group in Silicon Valley that helps entrepreneurs start great businesses. She holds a PhD in GES Hydrogeology from Stanford University in the United States and has leveraged her experience with scientific computing as a technology consultant, entrepreneur, and investor. Dr. Soutter currently is working towards a second PhD at the International School of Management (ISM) in Paris where her dissertation research involves the role of innovative technologies in emerging markets. %2 International School of Management (ISM) Paris Kenzie K. Ferguson is a recognized leader in corporate social responsibility (CSR). She built an award-winning CSR department for a multinational S&P 500 Company. Ms. Ferguson recently joined Delta Dental of California as their Vice President of Foundation and CSR. She is distinguished as an influencer with a growth mindset, creative problem-solving skills, and an ability to achieve goals with limited resources. Ms. Ferguson holds a Bachelor of Arts in Russian Studies from the University of California in the United States and an MBA from Nyenrode University in the Netherlands, and she is currently a PhD candidate at the International School of Management (ISM) in Paris. %3 International School of Management (ISM) Paris Michael Neubert is a Professor at the International School of Management (ISM) in Paris, France, where he obtained his PhD and is now also Chair of the Strategic Management Committee. He teaches doctoral-level courses in FinTech, valuation and acquisition, and international finance, among other subjects. His research interests concern the valuation and the development of innovative high-tech startups from emerging markets. Michael is a member of the Academy of Management, and he is a partner of a private equity firm that invests in high-tech startups and supports them in the development of new foreign markets. %R http://doi.org/10.22215/timreview/1254