By comparing uncollateralized business loans made by a big tech lending program with conventional bank loans, we find … far before maturity and borrow more frequently. These patterns remain for borrowers with access to bank credit. Our …

greater deposit outflows. Importantly, exposed banks respond to FinTech competition by offering competing products with market … typically benefits banks. Using proprietary data from a leading Chinese FinTech company, we study Fintech's role in ending … already widely-adopted household payment platform. Cities and banks whose depositor base is more exposed to FinTech see …

competition. I document this fact and I analyze two features of new financial technologies that have stirred controversy: returns …

This paper examines how FinTech can lower investment barriers and help households move toward optimal risk …-taking, using a unique account-level data on consumption, investments, and FinTech usage from Ant Group. During our sample period …, China experienced a rapid increase in FinTech penetration in the form of offline digital payment, and our measure of FinTech …

source of exogenous variation. FinTech adoption reduces financial fee payments and penalties, but differs cross …

. Epidemic exposure is associated with an increase in remote-access (online/mobile) banking and substitution from bank branch …

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 information in job task descriptions and fintech patents. We then …

Open banking (OB) empowers bank customers to share transaction data with fintechs and other banks. 49 countries have … microdata shows that OB enables: i) consumers to access both financial advice and credit; ii) SMEs to establish new fintech … for advice. When used for credit, OB promotes entry and competition by reducing adverse selection, but higher prices for …

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 …

This paper assesses the potential impact of FinTech on the finance industry, focusing on financial stability and access …, and therefore unlikely to deliver much structural change. FinTech, on the other hand, can bring deep changes but is likely …