{"title":"“你应该做印度做的事”:印度的金融科技生态系统重塑了金融的地理位置","authors":"Julien Migozzi, Michael Urban, Dariusz Wójcik","doi":"10.1016/j.geoforum.2023.103720","DOIUrl":null,"url":null,"abstract":"<div><p>This paper explores the potential of FinTech to change the geography of finance and financial centres through a longitudinal and multiscalar analysis of FinTech in India. Using a financial ecology approach, we combine quantitative data on firm creation and funding with insights from corporate interviews to unpack and examine the key elements of the Indian FinTech ecosystem. At the national scale, our results highlight how the export-oriented ICT sector, the implantation of large-scale, open digital infrastructures and enabling regulatory frameworks have enabled and shaped the growth of FinTech as a state-supported, tech-driven “Tech-Fin-State” ecosystem. At a city scale, the paper demonstrates how FinTech transforms India’s financial geography in two directions. First, locational patterns and investment networks have established New Delhi and Bangalore as international FinTech hubs, ahead of Mumbai. Second, the re-intermediation of finance by FinTech firms should be understood as the connection between the two distinct yet complementary ecosystems of Bangalore, India’s FinTech capital, and Mumbai, the incumbent financial capital, while advancing regional integration beyond India.</p></div>","PeriodicalId":12497,"journal":{"name":"Geoforum","volume":null,"pages":null},"PeriodicalIF":3.4000,"publicationDate":"2024-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0016718523000465/pdfft?md5=010ce191d55651d1e014c101ec07facd&pid=1-s2.0-S0016718523000465-main.pdf","citationCount":"0","resultStr":"{\"title\":\"“You should do what India does”: FinTech ecosystems in India reshaping the geography of finance\",\"authors\":\"Julien Migozzi, Michael Urban, Dariusz Wójcik\",\"doi\":\"10.1016/j.geoforum.2023.103720\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><p>This paper explores the potential of FinTech to change the geography of finance and financial centres through a longitudinal and multiscalar analysis of FinTech in India. Using a financial ecology approach, we combine quantitative data on firm creation and funding with insights from corporate interviews to unpack and examine the key elements of the Indian FinTech ecosystem. At the national scale, our results highlight how the export-oriented ICT sector, the implantation of large-scale, open digital infrastructures and enabling regulatory frameworks have enabled and shaped the growth of FinTech as a state-supported, tech-driven “Tech-Fin-State” ecosystem. At a city scale, the paper demonstrates how FinTech transforms India’s financial geography in two directions. First, locational patterns and investment networks have established New Delhi and Bangalore as international FinTech hubs, ahead of Mumbai. Second, the re-intermediation of finance by FinTech firms should be understood as the connection between the two distinct yet complementary ecosystems of Bangalore, India’s FinTech capital, and Mumbai, the incumbent financial capital, while advancing regional integration beyond India.</p></div>\",\"PeriodicalId\":12497,\"journal\":{\"name\":\"Geoforum\",\"volume\":null,\"pages\":null},\"PeriodicalIF\":3.4000,\"publicationDate\":\"2024-05-01\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"https://www.sciencedirect.com/science/article/pii/S0016718523000465/pdfft?md5=010ce191d55651d1e014c101ec07facd&pid=1-s2.0-S0016718523000465-main.pdf\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Geoforum\",\"FirstCategoryId\":\"90\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S0016718523000465\",\"RegionNum\":2,\"RegionCategory\":\"社会学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q1\",\"JCRName\":\"GEOGRAPHY\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Geoforum","FirstCategoryId":"90","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0016718523000465","RegionNum":2,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"GEOGRAPHY","Score":null,"Total":0}
“You should do what India does”: FinTech ecosystems in India reshaping the geography of finance
This paper explores the potential of FinTech to change the geography of finance and financial centres through a longitudinal and multiscalar analysis of FinTech in India. Using a financial ecology approach, we combine quantitative data on firm creation and funding with insights from corporate interviews to unpack and examine the key elements of the Indian FinTech ecosystem. At the national scale, our results highlight how the export-oriented ICT sector, the implantation of large-scale, open digital infrastructures and enabling regulatory frameworks have enabled and shaped the growth of FinTech as a state-supported, tech-driven “Tech-Fin-State” ecosystem. At a city scale, the paper demonstrates how FinTech transforms India’s financial geography in two directions. First, locational patterns and investment networks have established New Delhi and Bangalore as international FinTech hubs, ahead of Mumbai. Second, the re-intermediation of finance by FinTech firms should be understood as the connection between the two distinct yet complementary ecosystems of Bangalore, India’s FinTech capital, and Mumbai, the incumbent financial capital, while advancing regional integration beyond India.
期刊介绍:
Geoforum is an international, inter-disciplinary journal, global in outlook, and integrative in approach. The broad focus of Geoforum is the organisation of economic, political, social and environmental systems through space and over time. Areas of study range from the analysis of the global political economy and environment, through national systems of regulation and governance, to urban and regional development, local economic and urban planning and resources management. The journal also includes a Critical Review section which features critical assessments of research in all the above areas.