digital payment vehicle that is more intrusive than socially optimal, providing a rationale for regulation …

This paper examines the role of Fintech in financial inclusion. Using Global Findex data and emerging fintech … indicators, we find that Fintech has a higher positive correlation with digital financial inclusion than traditional measures of … greater use of fintech is significantly associated with a narrowing of the class divide and rural divide but there was no …

This paper examines how the growing presence of FinTech firms affects the performance of traditional financial … institutions. The findings point to a negative impact on profitability, primarily due to a reduction in interest income and a rise … efforts have proven inadequate to offset the losses associated with increased competition from FinTech firms. Our study also …

We study the effects of a bank's engagement in trading. Traditional banking is relationship-based: not scalable, long …-based: scalable, shortterm, capital constrained, and with the ability to generate risk from concentrated positions. When a bank …-ante. And a bank may use trading for risk-shifting. Financial development augments the scalability of trading, which initially …

Motivated by its rapid growth, this paper investigates how FinTech activities influence risk taking by financial … whereby greater FinTech presence is associated with heightened risk taking by FIs, offering support for the competition … one side, it is argued that greater competition encourages greater risk taking (competition-fragility hypothesis), while …

The emergence of financial technologies—fintech—has become an engine of change, promising to expand access to financial … countries. So has the rapid growth of fintech delivered the promise of broadening financial services to the under …-served populations? In this paper, I use a comprehensive dataset to investigate the relationship between fintech and financial inclusion …

Adoption of technology in the financial services industry (i.e. fintech) has been accelerating in recent years. To … of financial inlusion. There are two key findings: first, the adoption of fintech has been a key driver of financial …

financial markets, increase their efficiency, and enhance the resilience of economies to shocks. It can also play a catalyst …

financial debates and research. Narrow banking would prevent deposit-issuing banks from lending to the private sector and … restrict nonbank intermediaries from funding investments with demand deposits. Proponents of narrow banking defend it as a step … toward greater financial stability and efficiency. This study reviews the literature on the subject, contrasts the concept of …

This paper associates both the increase in risk taken by wholesale banks in the United States and the decline in … earnings at wholesale banks in Japan with a reduction in the franchise value of wholesale banking. In contrast with the … conventional view that relates the franchise value of banking to informational advantages over other lenders, this paper argues …