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100 _aHendrikse, Reijer
_957713
245 _aStrategic coupling between finance, technology and the state:
_bCultivating a Fintech ecosystem for incumbent finance/
260 _bSage,
_c2020.
300 _aVol. 52, Issue 8, 2020 ( 1516–1538 p.)
520 _aThe 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 is important to 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 analyse 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 analyse 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 Fin-Tech-State triangle. As such, we document and analyse how the coalescence of finance and technology offers new opportunities for second-tier financial centres, while highlighting the difficulties in reaping these in practice.
700 _aMeeteren, Michiel Van
_957714
700 _aBassens, David
_957715
773 0 _08877
_917103
_dLondon Pion Ltd. 2010
_tEnvironment and planning A
_x1472-3409
856 _uhttps://doi.org/10.1177/0308518X19887967
942 _2ddc
_cEJR
999 _c14581
_d14581