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FinTech as a Financial Liberator
Buchak, Greg; Hu, Jiayin; Wei, Shang-jin - National Bureau of Economic Research - 2021
financial repression in China through the introduction of a money market fund with deposit-like features available through an …
Persistent link: https://www.econbiz.de/10012696357
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FinTech Adoption and Household Risk-Taking
Hong, Claire Yurong - 2020
, China experienced a rapid increase in FinTech penetration in the form of offline digital payment, and our measure of FinTech …). Aggregating to the city-level, we find significant variations in Fin-Tech adoption across cities in China, owing to the gradual … spread of the new technology from Hangzhou to inner China. Examining the enhancement in risk-taking across geographical …
Persistent link: https://www.econbiz.de/10012482282
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Surviving the Fintech Disruption
Jiang, Wei; Tang, Yuehua; Xiao, Jiqiu; Yao, Wenxiong - National Bureau of Economic Research - 2021
This paper studies how demand for labor reacts to financial technology (fintech) shocks based on comprehensive databases of fintech patents and firm job postings in the U.S. during the past decade. We first develop a measure of fintech exposure at the occupation level by intersecting the textual...
Persistent link: https://www.econbiz.de/10012510601
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Epidemic Exposure, Fintech Adoption, and the Digital Divide
Saka, Orkun; Eichengreen, Barry; Aksoy, Cevat Giray - National Bureau of Economic Research - 2021
We ask whether epidemic exposure leads to a shift in financial technology usage within and across countries and if so who participates in this shift. We exploit a dataset combining Gallup World Polls and Global Findex surveys for some 250,000 individuals in 140 countries, merging them with...
Persistent link: https://www.econbiz.de/10012599296
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Cryptocurrencies and Decentralized Finance (DeFi)
Makarov, Igor; Schoar, Antoinette - National Bureau of Economic Research - 2022
The paper provides an overview of cryptocurrencies and decentralized finance. The discussion lays out potential benefits and challenges of the new system and presents a comparison to the traditional system of financial intermediation. Our analysis highlights that while the DeFi architecture...
Persistent link: https://www.econbiz.de/10013191100
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On Fintech and Financial Inclusion
Philippon, Thomas - 2019
The cost of financial intermediation has declined in recent years thanks to technological progress and increased competition. I document this fact and I analyze two features of new financial technologies that have stirred controversy: returns to scale, and the use of big data and machine...
Persistent link: https://www.econbiz.de/10012480275
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FinTech Adoption Across Generations : Financial Fitness in the Information Age
Carlin, Bruce - 2017
This paper analyzes how better access to financial information via new technology changes use of consumer credit and affects financial fitness. We exploit the introduction of a smartphone application for personal financial management as a source of exogenous variation. FinTech adoption reduces...
Persistent link: https://www.econbiz.de/10012453913
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The FinTech Opportunity
Philippon, Thomas - 2016
This paper assesses the potential impact of FinTech on the finance industry, focusing on financial stability and access to services. I document first that financial services remain surprisingly expensive, which explains the emergence of new entrants. I then argue that the current regulatory...
Persistent link: https://www.econbiz.de/10012456201
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FinTech Lending with LowTech Pricing
Johnson, Mark J.; Ben-David, Itzhak; Lee, Jason; Yao, … - National Bureau of Economic Research - 2023
FinTech lending--known for using big data and advanced technologies--promised to break away from the traditional credit scoring and pricing models. Using a comprehensive dataset of FinTech personal loans, our study shows that loan rates continue to rely heavily on conventional credit scores,...
Persistent link: https://www.econbiz.de/10014250171
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Customer Data Access and Fintech Entry : Early Evidence from Open Banking
Babina, Tania; Bahaj, Saleem; Buchak, Greg; De Marco, … - National Bureau of Economic Research - 2024
Open banking (OB) empowers bank customers to share transaction data with fintechs and other banks. 49 countries have adopted OB policies. Consumer trust in fintechs predicts OB policy adoption and adoption spurs investment in fintechs. UK microdata shows that OB enables: i) consumers to access...
Persistent link: https://www.econbiz.de/10014468288