Financial technology (‘FinTech') is transforming finance and challenging its regulation at an unprecedented rate. Two … major trends stand out in the current period of FinTech development. The first is the speed of change driven by the … financial intermediary (FinTech) to data intermediary (TechFin) raises implications for incumbent financial services firms …

This paper examines innovation, deregulation, and firm dynamics over the life cycle of the U.S. ATM and debit card … industry. In doing so, we construct a dynamic equilibrium model to study how a major product innovation (introducing the new … industry well. The model also allows us to conduct counterfactual analyses to evaluate the respective roles that innovation and …

This paper examines innovation, deregulation, and firm dynamics over the life cycle of the U.S. ATM and debit card … industry. In doing so, we construct a dynamic equilibrium model to study how a major product innovation (introducing the new … industry well. The model also allows us to conduct counterfactual analyses to evaluate the respective roles that innovation and …

; regulation …