FinTech Lending

Tobias Berg, Andreas Fuster and Manju Puri

No 29421, NBER Working Papers from National Bureau of Economic Research, Inc

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.

JEL-codes: G2 G20 G21 G23 (search for similar items in EconPapers)
Date: 2021-10
New Economics Papers: this item is included in nep-ban, nep-cwa, nep-fle, nep-fmk, nep-pay and nep-ure
Note: CF
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Published as Tobias Berg & Andreas Fuster & Manju Puri, 2022. "FinTech Lending," Annual Review of Financial Economics, vol 14(1).

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Related works:
Journal Article: FinTech Lending (2022)
Working Paper: FinTech Lending (2021)
Working Paper: FinTech Lending (2021)
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