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2019 | OriginalPaper | Buchkapitel

7. FinTech and the Future of Banking

verfasst von: Andrada Bilan, Hans Degryse, Kuchulain O’Flynn, Steven Ongena

Erschienen in: Banking and Financial Markets

Verlag: Springer International Publishing

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Abstract

A recent technological wave resulting from both technological advances and increasing bank regulation, known as FinTech, has the potential to revamp bank business models. In this chapter, we review the very recent academic literature that has developed to understand and explain the benefits and the pitfalls of FinTech lending. We analyse the interplay between technology and recent bank regulations in driving the rise of FinTech firms, whether these newcomers act as competitors or complements to traditional bank lending, as well as the liability side of the FinTech lenders and the behaviour of their investors.
Fußnoten
1
According to IBIS World Industry Report OD4736: Peer-to-Peer Lending Platforms in the US (2016) loans issued by FinTech firms represent one-third of the volume of unsecured consumer loans. Fuster et al. (2019) note that in the home mortgage market, FinTech lending has grown annually by 30% from US$34 billion of total originations in 2010 (2% of market) to US$161 billion in 2016 (8% of market).
 
2
Philippon (2016) observes that the unit cost of financial intermediation in the US and other developed economies has remained particularly high for the past 130 years and despite the recent financial crisis.
 
3
The AUC ranges from 50% (purely random prediction) to 100% (perfect prediction).
 
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Metadaten
Titel
FinTech and the Future of Banking
verfasst von
Andrada Bilan
Hans Degryse
Kuchulain O’Flynn
Steven Ongena
Copyright-Jahr
2019
DOI
https://doi.org/10.1007/978-3-030-26844-2_7

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