Journal of Business Economics

, Volume 87, Issue 5, pp 537–580 | Cite as

Digital Finance and FinTech: current research and future research directions

  • Peter Gomber
  • Jascha-Alexander Koch
  • Michael Siering
Original Paper


Since decades, the financial industry has experienced a continuous evolution in service delivery due to digitalization. This evolution is characterized by expanded connectivity and enhanced speed of information processing both at the customer interface and in back-office processes. Recently, there has been a shift in the focus of digitalization from improving the delivery of traditional tasks to introducing fundamentally new business opportunities and models for financial service companies. Digital Finance encompasses a magnitude of new financial products, financial businesses, finance-related software, and novel forms of customer communication and interaction—delivered by FinTech companies and innovative financial service providers. Against this backdrop, the research on finance and information systems has started to analyze these changes and the impact of digital progress on the financial sector. Therefore, this article reviews the current state of research in Digital Finance that deals with these novel and innovative business functions. Moreover, it gives an outlook on potential future research directions. As a conceptual basis for reviewing this field, the Digital Finance Cube, which embraces three key dimensions of Digital Finance and FinTech, i.e., the respective business functions, the technologies and technological concepts applied as well as the institutions concerned, is introduced. This conceptualization supports researchers and practitioners when orientating in the field of Digital Finance, allows for the arrangement of academic research relatively to each other, and enables for the revelation of the gaps in research.


Digital Finance FinTech e-Finance State of the art Literature review Future research opportunities 

JEL Classification

G10 G21 G22 G23 G24 G28 


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Copyright information

© Springer-Verlag Berlin Heidelberg 2017

Authors and Affiliations

  • Peter Gomber
    • 1
  • Jascha-Alexander Koch
    • 1
  • Michael Siering
    • 1
  1. 1.Chair of e-Finance, Goethe University FrankfurtFrankfurt am MainGermany

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