Use of Big Data in Developing Markets
Yi Huang () and
Wenlan Qian ()
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Yi Huang: Graduate Institute
Wenlan Qian: National University of Singapore
A chapter in The Palgrave Handbook of Technological Finance, 2021, pp 655-668 from Springer
Abstract:
Abstract Big-data-based FinTech innovations in developing countries extend financial services to underbanked small firms and households. These services reduce transaction costs and improve credit allocation that in turn boost business growth and household consumption. In this chapter, we survey recent evidence from China and other developing markets on the unique advantages of big-data-based FinTech and the channels through which it promotes inclusive growth for both businesses and consumers.
Keywords: FinTech; Big-data; Hard information; Inclusive growth and consumption (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_23
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DOI: 10.1007/978-3-030-65117-6_23
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