uneven playing field enables non-bank FinTech firms to challenge banks for specific products whose success is not tied to … loans to small firms. Both Fintech and BigTech are contributing to a secular trend of banks losing their comparative … FinTech firms can do, but FinTech firms benefit from an uneven playing field in that they are less regulated than banks. The …

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 …

Protection Program (PPP). We find that FinTech is disproportionately used in ZIP codes with fewer bank branches, lower incomes …. Does it succeed? We study the response of FinTech to financial services demand created by the introduction of the Paycheck … understand whether these differences arise because certain groups are switching from traditional banks to FinTech or if they are …

interest. FinTech algorithms also discriminate, but 40% less than face-to-face lenders. These results are consistent with both … FinTech and non-FinTech lenders extracting monopoly rents in weaker competitive environments or profiling borrowers on low … silver linings emerge in the FinTech era: (1) Discrimination is declining; algorithmic lending may have increased competition …

competitive interactions between banks and non-bank lenders (fintech firms). Trust enables lenders to have assured access to … the erosion of trust when fintech lenders do not. Trust is also asymmetric in nature—it is more difficult to gain it than …

, digital currency, ride sharing, and other FinTech applications in countries with a common law legal heritage compared to those …The FinTech sector has begun to grow rapidly in sub-Saharan Africa. I document far greater adoption of social media … entrepreneurship in the developing world. The electrical, telecom, and Internet infrastructure required for FinTech has been built out …

Developing country lenders are taking advantage of fintech tools to create fully digital loans on mobile phones. Using … administrative and survey data, we study the take up and impacts of one of the most popular digital loan products in the world, M … conclude that while digital loans improve financial access and resilience, they are not a panacea for greater credit market …

This paper studies the economic impact of the emergence of FinTech platforms on financial intermediation. In China …

We analyze the information content of the digital footprint – information that people leave online simply by accessing … simple, easily accessible variables from the digital footprint equal or exceed the information content of credit bureau … unbanked, and for the behavior of consumers, firms, and regulators in the digital sphere …

Technology-based ("FinTech") lenders increased their market share of U.S. mortgage lending from 2% to 8% from 2010 to … 2016. Using market-wide, loan-level data on U.S. mortgage applications and originations, we show that FinTech lenders … geographic observables. Faster processing does not come at the cost of higher defaults. FinTech lenders adjust supply more …