TY  - Type of reference 
TI  - Recapturing Innovation: A case study of Neobanking with a social mission and the challenges of its business model for developing countries 
AU  - Arvind Ashta 
AU  - Djamchid Assadi 
AU  - Nathalie Duran 
AB  - The concept of “recapturing innovations” explains why incumbents allow challengers to use radical
innovations to potentially disrupt the market. Challengers are small and nimble operators who seek high powered incentives to show that their innovations are viable, and the realizations of these objectives come from selling to an incumbent. Incumbents can then recapture their lost markets and use their efficient operating systems and regulatory knowledge to scale up the recaptured innovations, thus sustaining their competitive advantage. This concept is illustrated through a case study on a neobank, which is an innovation in the financial landscape, usually offering a limited range of products through mobile telephones. This case study shows that the challengers used a new organizational form, new technology and distribution channels in order to satisfy a large niche of unserved or underserved clients. This case is similar to the payment banks in India which have not fared well, perhaps because of too much regulatory interference. Therefore, regulatory agencies in developing countries should have appropriate regulations in order to reduce the institutional barriers hindering the success of social enterprises. However, they should not block initiatives in their product pricing, promoting and distributing policies. 
DO  - 10.21494/ISTE.OP.2021.0673 
JF  - Science, Technology, Development 
KW  - disruptive innovation,  radical innovation,  sustaining innovation,  social innovation,  banking,  Fintech,  financial inclusion, innovation disruptive,  innovation radicale,  innovation de maintien,  innovation sociale,  banque,  Fintech,  inclusion financière,  
L1  - https://openscience.fr/IMG/pdf/iste_std21v1n1_3.pdf 
LA  - en 
PB  - ISTE OpenScience 
DA  - 2021/01/14 
SN  - 2752-6879 
TT  - Capture d’innovation : étude de cas d’une néo-banque à mission sociale et défis pour les pays en développement 
UR  - https://openscience.fr/Recapturing-Innovation-A-case-study-of-Neobanking-with-a-social-mission-and-the 
IS  - Issue 1 
VL  - 1 
ER  -