Unless otherwise defined, an institution in the financial market that introduces – a new product, such as a specially structured derivative, – a new business model, such as online banking, or – a new IT technology before this also happens with other providers and then becomes merchantable (standard).
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/