technology companies with established presence in the market for digital services. BigTech firms often start with payments …We consider the drivers and implications of the growth of "BigTech" in finance - ie the financial services offerings of … cooperation with financial institution partners. Focusing on credit, we show that BigTech firms lend more in countries with less …

channel, one bank's capital policy affects the equity value and risk of default of other banks. In a model where such … externalities are strong, bank capital takes on the attribute of a public good, where the private equilibrium features excessive … implications of the model with observed bank behavior during the crisis of 2007-09 …

Fintech is being adopted across markets worldwide - but not evenly. Why not? This paper reviews the evidence. In some … economies, especially in the developing world, adoption is being driven by an unmet demand for financial services. Fintech …, as younger cohorts are more likely to trust and adopt fintech services. Where fintech helps to make the financial system …

traditional loss and default models. Using proprietary transaction-level data from a leading fintech company in China for the … advantage of the model that uses the fintech credit scoring technique based on machine learning and big data tends to decline …

This paper assesses the potential impact of FinTech on the finance industry. I document first that financial services … change. FinTech can improve both financial stability and access to services, but this requires significant changes in the … together a distinguished group of central bank Governors, leading academics and former public officials to exchange views on …