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To explore the determinants of peer-to-peer (P2P) lending expansion, this study examines factors that impact P2P lending using a sample of 62 economies over the period 2015-2017. We investigate the effects of financial development and financial literacy on the expansion of P2P lending. The level...
Persistent link: https://www.econbiz.de/10012181873
, specifically in the banking sector, using data from the Reserve Bank of India's Report of the Working Group on Fintech and Digital …
Persistent link: https://www.econbiz.de/10013349179
increase in finance company and FinTech lending almost perfectly offset the decrease in bank lending. We control for firms …, and by comparing firms pledging the same collateral. Consistent with the substitution of bank lending with finance company …
Persistent link: https://www.econbiz.de/10012834210
The global landscape has seen the advent of new technology in offering innovative financial services and products and reshaping the financial sector, namely FinTech. In this review, we discuss the literature on recent FinTech development and its interaction with both banks and consumers. We...
Persistent link: https://www.econbiz.de/10012837335
online and bank borrower, we find that loan application amounts are generally smaller with fintech lenders; businesses that … receive fintech loans expect more revenue and employment growth than those receiving a bank loan; and businesses that borrow …
Persistent link: https://www.econbiz.de/10012837932
traditional banking channels. Specifically, we use account-level data from the Lending Club and Y-14M bank stress test data. We …, such as areas that lose bank branches and those in highly concentrated banking markets. We also find a high correlation …
Persistent link: https://www.econbiz.de/10012951661
Persistent link: https://www.econbiz.de/10012910771
Marketplace lending platforms select which investors will have the opportunity to fund loans. Platforms claim to fairly allocate loans between retail and institutional investors, but we provide evidence that contradicts this claim. Institutional investors are allocated loans with lower default...
Persistent link: https://www.econbiz.de/10012850948
Following the 2008 financial crisis, mortgage credit tightened and banks lost significant mortgage market share to nonbank lenders, including to fintech firms recently. Have fintech firms expanded credit access, or are their customers similar to those of traditional lenders? Unlike in small...
Persistent link: https://www.econbiz.de/10012858553
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 rapidly, though in developed economies like the...
Persistent link: https://www.econbiz.de/10012799613