FinTech Lending / Tobias Berg, Andreas Fuster, Manju Puri.

Format:

Book

Author/Creator:

Berg, Tobias.

Contributor:

National Bureau of Economic Research.

Fuster, Andreas.

Puri, Manju.

Series:

Working Paper Series (National Bureau of Economic Research) no. w29421.

NBER working paper series no. w29421

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2021.

Summary:

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 U.S. it still only accounts for a small share of total credit. An increase in convenience and speed appears to have been more central to FinTech lending's growth than improved screening or monitoring, though there is certainly potential for the latter, as is the case for increased financial inclusion. The COVID-19 pandemic has shown potential vulnerabilities of FinTech lenders, although in certain segments they have displayed rapid growth.

Notes:

Print version record

October 2021.