This paper studies how demand for labor reacts to financial technology (fintech) shocks based on comprehensive … databases of fintech patents and firm job postings in the U.S. during the past decade. We first develop a measure of fintech … exposure at the occupation level by intersecting the textual information in job task descriptions and fintech patents. We then …

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 …

With the onset of the COVID-19 crisis in March 2020, small business lending through fintech lenders collapsed. We … small business fintech credit platform. We document that while the number of loan applications increased sharply early in … fintech lenders becoming financially constrained and losing their ability to fund new loans …

the resulting welfare losses are scarce. This paper leverages a randomized experiment conducted by a large fintech lender …

We exploit anonymized administrative data provided by a major fintech platform to investigate whether using alternative … data to assess borrowers' creditworthiness results in broader credit access. Comparing actual outcomes of the fintech … borrowers and higher returns for the fintech platform …

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 …

Developing country lenders are taking advantage of fintech tools to create fully digital loans on mobile phones. Using …

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 …