An Overview of Technologically Enabled Finance

David C. Brown () and Mingfeng Lin ()
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David C. Brown: University of Arizona
Mingfeng Lin: Georgia Institute of Technology

A chapter in The Palgrave Handbook of Technological Finance, 2021, pp 3-32 from Springer

Abstract: Abstract Technologically enabled finance, or FinTech, is the application of new technologies to financial activities. Broadly speaking, FinTech developments fall into two general areas of finance: matching capital supply with demand and personal finance. In each area, we discuss a range of topics, from microlending, peer-to-peer lending and credit monitoring, to crowdfunding, cryptocurrencies and robo-advisors. In some cases, such as credit decisioning, new technologies can make finance more efficient, but also raise potential concerns related to the use and security of information. In other cases, such as crowdfunding or cryptocurrencies, new technologies have the potential to fundamentally change how finance operates. We highlight businesses that are pushing the boundaries of finance and we discuss open questions of interest to practitioners, regulators, and academics.

Keywords: FinTech; Peer-to-Peer Lending; Crowdfunding; Cryptocurrency; Robo-Advising (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-65117-6_1

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DOI: 10.1007/978-3-030-65117-6_1

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