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NSM Focus | Major subsidy for research on collaborative efforts in financial technology

The FINDER project led by Dr Rick Aalbers has received a 1.8 million euro Marie Curie Innovative Training Networks grant from the European Commission’s Horizon 2020 programme. The project, which lies at the crossroads of business and academia, researches the effects of collaboration in financial technology. The Nijmegen School of Management is both the first in the Netherlands and the second business school in Europe to receive this grant.

FINDER stands for Fostering Innovation Networks in a Digital Era. Rick Aalbers, Associate Professor of Strategy and Innovation at the Business Administration department and the principal applicant for the grant, will head the study on innovative collaboration among organisations in the area of ‘fintech’. Fintech stands for ‘financial technology’, examples of which include apps for banks or apps that you can use to make investments. But it also encompasses technologies enabling biometric identification and social collective decision-making.

Aalbers: “We are going to study what the effects of various internal and external collaborative efforts are on the development and implementation of these new technologies. Which collaborative ventures take the technology the farthest and how can specific fintech technologies strengthen collaboration? An example of alternative forms of collaboration that will be studied are ‘grassroots’: organisations that develop political processes with a broad social context. And collaboration between big players and recent start-ups also needs further study.” The research and training activities will be done at the Centre for Organization Restructuring, part of the Institute for Management Research, the faculty’s research institute.

Collaboration with international tech partners

The research programme will receive funding for four years, of which three from the European Commission, allowing five PhD candidates to be trained in research and teaching as well as in practical orientation. The project will work together with Atos, a prominent international IT service provider with an annual turnover of more than 12 billion euros and about 100,000 employees in 73 countries, as well as three other partners. Within the FINDER project, Warwick Business School, KU Leuven, VU Amsterdam and the University of Groningen are involved in diverse areas of the research. “I expect that the European collaboration between academia and business will expand,” says Aalbers. “An example of this is the imminent kick-off at our department on 29 November at which all of the above-mentioned partners will be present in addition to other knowledge partners such as Monitor-Deloitte and RSM.”

For more background information about the FINDER project and the partners involved, see www.thefinderproject.eu/ or contact Rick Aalbers, r.aalbers@fm.ru.nl

FINDER is subsidised by the EU’s Horizon 2020 programme under the Marie Skłodowska-Curie grant contract No. 813095.

Previously published on the central website of the Radboud University.