Journal Article10.1016/J.JFS.2020.100836
Fintech: what’s old, what’s new?
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TL;DR: In this paper, the authors study the effects of technological change on financial intermediation, distinguishing between innovations in information (data collection and processing) and communication (relationships and distribution) and argue that the rise of new communication channels can lead to the vertical and horizontal disintegration of the traditional bank business model.
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About: This article is published in Journal of Financial Stability. The article was published on 01 Apr 2021. The article focuses on the topics: Business model & Financial services.
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Citations
The fintech gender gap
TL;DR: For example, the authors found that while 29% of men use fintech products, only 21% of women do, and this difference exceeds the gender gap in bank account ownership at traditional financial institutions.
41
Customer Data Access and Fintech Entry: Early Evidence from Open Banking
TL;DR: In this paper , the authors compile a dataset documenting that governments in 49 countries have implemented open banking policies and 31 more are in active discussions, and examine the policy tradeoffs with a quantitative model of consumer data production and usage.
38
Fintech, macroprudential policies and bank risk: Evidence from China
Julien Léonard,Kathleen Ulanday +1 more
TL;DR: Wang et al. as mentioned in this paper explored the relationship between fintech, macro-prudential policies, and commercial bank risk-taking based on system generalized method of moment modeling on a panel data of 114 commercial banks in China.
37
How Do Banking Fintech Services Affect SME Debt?
Francesco Fasano,Francesco Cappa +1 more
TL;DR: In this paper , the authors examined whether fintech favors or hampers the amount of debt finance issued by SMEs and found that the use of internet banking reduces SME debt, suggesting that credit decisions based on hard information reduce the likelihood of SMEs using bank debt.
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Fintech Development and Firm Technological Innovation Efficiency: Empirical Findings in China
TL;DR: Wang et al. as mentioned in this paper adopted a two-way fixed-effect model and considered the data of A-share-listed companies from 2011 to 2019 to analyze the impact of fintech development on FTIE in China and its associated mechanism.
36
References
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Financial Intermediation, Loanable Funds, and The Real Sector
Bengt Holmstrom,Jean Tirole +1 more
TL;DR: In this article, an incentive model of financial intermediation in which firms as well as intermediaries are capital constrained is studied, and how the distribution of wealth across firms, intermediaries, and uninformed investors affects investment, interest rates, and the intensity of monitoring.
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