FinTech lending and equity and debt platforms around the world and in Italy

Salvatore Cardillo (), Antonio Ilari (), Silvia Magri (), Giorgio Meucci (), Mirko Moscatelli () and Dario Ruzzi ()
Additional contact information
Salvatore Cardillo: Bank of Italy
Antonio Ilari: Bank of Italy
Silvia Magri: Bank of Italy
Giorgio Meucci: Bank of Italy
Mirko Moscatelli: Bank of Italy
Dario Ruzzi: Bank of Italy

No 702, Questioni di Economia e Finanza (Occasional Papers) from Bank of Italy, Economic Research and International Relations Area

Abstract: This paper provides evidence on Fintech platforms operating around the world and in Italy, in both lending and funding through debt and equity financing. The platforms act as facilitators, connecting borrowers with potential lenders (individual or institutional investors); with the required authorizations, they can also operate as direct lenders. Excluding China, the volume of transactions has continued to grow in recent years, reaching 113 billion dollars in 2020. Loans represent the main activity, while funding is mostly provided by institutional investors. In Italy too, there has been marked growth in the activities of these platforms, primarily those related to business lending and invoice trading. Despite the considerable growth observed in recent years, Fintech lending still represents a small share of overall loans in all the main countries. At international level, there is an open debate about the necessity to adopt a level playing field, in order to avoid regulatory arbitrage. Possible financial stability concerns regard the lack of official and comparable data across countries about the platforms’ activity.

Keywords: fintech; crowdfunding; social lending; invoice trading; technological innovation; alternative finance (search for similar items in EconPapers)
JEL-codes: G10 G51 L10 O33 Q55 (search for similar items in EconPapers)
Date: 2022-06
New Economics Papers: this item is included in nep-fdg, nep-pay and nep-sbm
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.bancaditalia.it/pubblicazioni/qef/2022-0702/QEF_702_22.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bdi:opques:qef_702_22

Access Statistics for this paper

More papers in Questioni di Economia e Finanza (Occasional Papers) from Bank of Italy, Economic Research and International Relations Area Contact information at EDIRC.
Bibliographic data for series maintained by ().