5 quick questions to Robin Teigland on FinTech
Robin Teigland is an Associate Professor at the Center for Strategy and Competitiveness at the Stockholm School of Economics (SSE). On the FinTech Cluster in September 2015 Robin Teigland gave a keynote on the FinTech industri in the greater Stockholm region.
Who are you?
I am a researcher at the Stockholm School of Economics and my research focuses on how new technologies are disrupting established forms of value creation in society.
Why is Stockholm attracting FinTech investments?
Stockholm has a long tradition of FinTech – dating back to the 1980s when the first wave of companies such as OptionsMäklare emerged. The second wave of FinTech that is emerging now builds on this extensive experience as well as on Sweden’s innovativeness and IT readiness.
How is FinTech disrupting the banking system?
One way FinTech is disrupting the banking system is that it is enabling new entrants to perform financial services outside of the traditional banking system. Another way is that basic assumptions are being challenged and broken. For example, cryptocurrencies such as Bitcoin operate without any centralised third party since they are based on a peer to peer decentralised network.
Name three hot Swedish start-ups
The areas within FinTech that have the most potential in the future to disrupt the banking system are innovative lending such as peer-to-peer lending and cryptocurrencies and the blockchain.
Where will new jobs be created when everything is automated?
Not everything will be automated. With every wave of technology we are able to create new jobs and I think we will see this here as well. I think that new jobs will be created at the intersection of industries and services and products.
