FinTech Lending

Tobias Berg, Andreas Fuster and Manju Puri
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Tobias Berg: Frankfurt School of Finance and Management, Frankfurt, Germany

Annual Review of Financial Economics, 2022, vol. 14, issue 1, 187-207

Abstract: In this article, we review the growing literature on financial technology (FinTech) lending—the provision of credit facilitated by technology that improves the customer–lender interaction or used in lenders’ screening and monitoring of borrowers. FinTech lending has grown rapidly, though in developed economies like the United States it still accounts for only 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.

Keywords: COVID-19; financial technology; FinTech; lending (search for similar items in EconPapers)
JEL-codes: G2 G20 G21 G23 (search for similar items in EconPapers)
Date: 2022
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https://doi.org/10.1146/annurev-financial-101521-112042
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Related works:
Working Paper: FinTech Lending (2021)
Working Paper: FinTech Lending (2021)
Working Paper: FinTech Lending (2021)
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DOI: 10.1146/annurev-financial-101521-112042

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