Identifying the Pattern of Fintech Development in Iran by the Technological Innovation System Approach

This article seeks to provide a model for the formation and growth of technological innovation system of Fintech in Iran and also to identify the key issues on the formation and development phase of this system.In this research, the qualitative research method and research strategy of case study were used. so, we interviewed activists in this field in Iran and analyzed the content of documents and activities carried out in this section. With the concept of technological innovation system and using structural and functional lenses, key components affecting the formation and growth phase of FinTech, were identified and the most important stimuli and Obstacles were extracted in this direction. then, the key policy issues were presented for the stronger formation of this system and the removal of obstacles.The results show that during the last decade, the formation and development of technological innovation system in fintech has occurred as a result of the formation of structural factors. And the origins of the fintech market have been those of personal startups that have responded to the emerging needs of the empty corners of the B2C and B2B financial markets. In the next phase, entrepreneurship of large organizations, interactions and finally university entrepreneurship have been effective in the development of this field. However, the role of the government through the enactment of regulatory laws has been vital. These laws in the early years dealt with more general issues and in recent years, more specific approvals have been adopted.