Jelena Kabulova

Ms. Jelena Kabulova

Vilnius Gediminas Technical University

Research Focus & Metrics

Academic Career Length

7Years (2020-Present)

(Calculated once Scilit publication data is synced: current year − year of first publication + 1)

Representative Publications

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4 December 2020 in Sustainability
Verified
Journal Article
Open access
PDF file
JKJelena Kabulova
Jelena Kabulova
Jelena StankevičienėJelena Stankevičienė
Jelena Stankevičienė
The financial services sector, perhaps more than any other, is being disrupted by advances in technology. The purpose of this study is to provide comprehensive data and evidence on value of the FinTech innovation event. First, a text-based filtering method for identifying FinTech patent applications is provided. Using machine learning applications, innovations are classified into major technology groups. The methodology for valuation of FinTech innovation is based on data of stock price changes. To assess the value impact, Poisson flow rates and stock price movements were combined. Further, to evaluate the effect of FinTech patents on the company’s value, a combination of CAR of patent application and Poisson intensities were used. Research findings provide evidence that FinTech innovations bring significant value for innovators and Blockchain being especially valuable. Such innovations as blockchain, robo-advising and mobile transactions are the most valuable for the financial sector. On one side of the spectrum, the financial industry can be affected more negatively by the innovation of nonfinancial startups that carry disruptive technology at their core. However, on the other side of the spectrum, market leaders who make significant investments in their innovations can evade most of these negative effects. This helped to form an overall view of FinTech innovations.