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The FinTech Opportunity

Thomas Philippon ()

No 22476, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: This paper assesses the potential impact of FinTech on the finance industry, focusing on financial stability and access to services. I document first that financial services remain surprisingly expensive, which explains the emergence of new entrants. I then argue that the current regulatory approach is subject to significant political economy and coordination costs, and therefore unlikely to deliver much structural change. FinTech, on the other hand, can bring deep changes but is likely to create significant regulatory challenges.

JEL-codes: G2 G38 L1 L4 O3 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cfn and nep-pay
Date: 2016-08
Note: AP CF EFG
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