FinTech Lending

Tobias Berg, Andreas Fuster and Manju Puri

No 16668, CEPR Discussion Papers from Centre for Economic Policy Research

Abstract: 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.

Keywords: Fintech (search for similar items in EconPapers)
JEL-codes: G21 (search for similar items in EconPapers)
Date: 2021-10
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Journal Article: FinTech Lending (2022)
Working Paper: FinTech Lending (2021)
Working Paper: FinTech Lending (2021)
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