FinTech firms can do, but FinTech firms benefit from an uneven playing field in that they are less regulated than banks. The … 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 …

This paper assesses the potential impact of FinTech on the finance industry, focusing on financial stability and access … to services. I document first that financial services remain surprisingly expensive, which explains the emergence of new …, and therefore unlikely to deliver much structural change. FinTech, on the other hand, can bring deep changes but is likely …

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 … greater deposit outflows. Importantly, exposed banks respond to FinTech competition by offering competing products with market …

Digital technologies and fintech firms have rapidly reshaped the consumer financial landscape in recent years, and have … autopay are also experiencing increased takeup, a trend that could be accelerated by innovations such as open banking. I … examine the extent to which autopay affects payment behavior for customers of a credit card serviced by a fintech company …

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 …

impact of financial innovation on money demand, the welfare cost of inflation, the gains of disinflation and the benefit of …

potential role of digital banking in substantially reducing regional heterogeneity …

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

We study the personal credit market using unique individual-level data covering fintech and traditional lenders. We … show that fintech lenders acquire market share by first lending to higher-risk borrowers and then to safer borrowers, and … mainly rely on hard information to make credit decisions. Fintech borrowers are significantly more likely to default than …