Fintech and Banking
Date Written: February 11, 2019
This paper is a review of fintech and its interaction with banking. Included in fintech are innovations in payment systems (including cryptocurrencies), credit markets (including P2P lending), and insurance, with blockchain-assisted smart contract playing a role. The paper provides a definition of fintech, examines some statistics and stylized facts, and then reviews the theoretical and empirical literature. The review is organized around four main research questions. That paper summarizes our knowledge on these questions and concludes with questions for future research.
Note: Since this is a review paper. I invite you to let me know if you have any work that is relevant to the topics covered here and should be cited, but I have not done so.
Keywords: Fintech, Cryptocurrencies, P2P Lending, Banking, Systemic Risk
JEL Classification: G21, G22, G23, G24
Director of Doctoral Programs & CFAR and John E. Simon Professor of Finance
Area of Expertise:
Banking and Financial Institutions, Corporate Finance, Corporate Governance, Innovation and Growth, Banking and Financial Institutions, Corporate Finance, Corporate Governance, Innovation and Growth