Scholars and practitioners continue to recognize the crucial role of entrepreneurial ecosystems (EEs) in creating a conducive environment for productive entrepreneurship. Although EEs are fundamentally interaction systems of hierarchically independent yet mutually dependent actors, few studies have investigated how interactions among ecosystem actors drive the entrepreneurial process. Seeking to address this gap, this paper explores how ecosystem actor interactions influence new ventures in the financial technology (fintech) EE of Singapore. Guided by an EE framework and the use of an exploratory-abductive approach, empirical data from semi-structured interviews is collected and analyzed. The findings reveal four categories representing both the relational perspective, which features interaction and intermediation dynamics, and the cultural perspective, which encompasses ecosystem development and regulatory dynamics. These categories help explain how and why opportunity identification and resource exploitation are accelerated or inhibited for entrepreneurs in fintech EEs. The present study provides valuable contributions to scholars and practitioners interested in EEs and contributes to the academic understanding of the emerging fintech phenomenon.

学者和从业人员继续认识到创业生态系统（EEs）在为生产型创业创造有利环境方面的关键作用。尽管EE从根本上说是层次独立但相互依赖的参与者的互动系统，但很少有研究调查生态系统参与者之间的互动如何驱动创业过程。为了解决这一差距，本文探讨了生态系统参与者之间的相互作用如何影响新加坡金融技术（fintech）EE的新风险。在EE框架的指导下，采用探索性诱因方法，收集并分析了来自半结构化访谈的经验数据。研究结果揭示了代表关系视角的四个类别，这些类别具有交互作用和中介动力，文化方面，包括生态系统发展和监管动态。这些类别有助于说明如何以及为什么对金融科技企业的企业家加速或抑制机会识别和资源开发。本研究为对电子工程学感兴趣的学者和从业人员提供了宝贵的贡献，并为对新兴金融科技现象的学术理解做出了贡献。