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The FinTech Opportunity / Thomas Philippon.
- Format:
- Book
- Author/Creator:
- Philippon, Thomas.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w22476.
- NBER working paper series no. w22476
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2016.
- Summary:
- 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 entrants. I then argue that the current regulatory approach is subject to significant political economy and coordination costs, and therefore unlikely to deliver much structural change. FinTech, on the other hand, can bring deep changes but is likely to create significant regulatory challenges.
- Notes:
- Print version record
- August 2016.
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