What is Really New in Fintech

By Arnoud Boot, Peter Hoffmann, Luc Laeven, Lev Ratnovski The financial industry is undergoing rapid technological change. Traditional banks face competition from online start-ups with no physical branches. Social media and other digital platforms are expanding into payments and credit. The increase in demand for digital services triggered by COVID-19 is turbo-charging this transformation. The confluence we are witnessing is driving fintech innovation and raises important questions. What are the transformative aspects of recent financial innovation that can uproot finance as we know it? Which new policy challenges will the transformation of finance bring? Fintech’s potential to reach out to … Continue reading What is Really New in Fintech