Trends in Financial Innovation: Evidence from Fintech Firms

Disruptive Innovation in Business and Finance in the Digital World

ISBN: 978-1-78973-382-2, eISBN: 978-1-78973-381-5

ISSN: 1569-3767

Publication date: 21 October 2019


In 1971, the patent for the Automated Teller Machine was awarded to David Wetzel. While possibly not the first application of financial technology, since 1971 time, the innovation in the financial industry has grown beyond expectations. However, most studies in innovation ignore the financial sector altogether. In this study, the authors investigate financial technology firms and innovation. After identifying firms that are considered financial technology, the authors collect innovation outcomes such as patents and data breaches associated with those firms. The authors show that patent activity has enjoyed modest growth year over year; however, firms still have challenges to overcome such as market risk and data security. This study serves as a perspective on financial technology.



Unsal, O. and Rayfield, B. (2019), "Trends in Financial Innovation: Evidence from Fintech Firms", Choi, J.J. and Ozkan, B. (Ed.) Disruptive Innovation in Business and Finance in the Digital World (International Finance Review, Vol. 20), Emerald Publishing Limited, pp. 15-25.

Download as .RIS



Emerald Publishing Limited

Copyright © 2019 Emerald Publishing Limited

To read the full version of this content please select one of the options below

You may be able to access this content by logging in via Shibboleth, Open Athens or with your Emerald account.
If you think you should have access to this content, click the button to contact our support team.