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 …

In this paper, we review the growing literature on FinTech lending – the provision of credit facilitated by technology … that improves the customer-lender interaction or lenders’ screening and monitoring of borrowers. FinTech lending has grown … convenience and speed appears to have been more central to FinTech lending’s growth than improved screening or monitoring, though …

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 …

This paper tests for bias in consumer lending decisions using administrative data from a high-cost lender in the United … Kingdom. We motivate our analysis using a simple model of bias in lending, which predicts that profits should be identical for … marginal loan applicants by exploiting variation from the quasi-random assignment of loan examiners. We find significant bias …