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FinTech Lending

Author

Listed:
  • Tobias Berg

    (Frankfurt School of Finance and Management, Frankfurt, Germany)

  • Andreas Fuster

    (Ecole Polytechnique Fédérale de Lausanne, Lausanne, Switzerland)

  • Manju Puri

    (The Fuqua School of Business, Duke University, Durham, North Carolina, USA)

Abstract

In this article, we review the growing literature on financial technology (FinTech) lending—the provision of credit facilitated by technology that improves the customer–lender interaction or used in lenders’ screening and monitoring of borrowers. FinTech lending has grown rapidly, though in developed economies like the United States it still accounts for only 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.

Suggested Citation

  • Tobias Berg & Andreas Fuster & Manju Puri, 2022. "FinTech Lending," Annual Review of Financial Economics, Annual Reviews, vol. 14(1), pages 187-207, November.
    • Handle: RePEc:anr:refeco:v:14:y:2022:p:187-207
    DOI: 10.1146/annurev-financial-101521-112042
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    Keywords

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    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors

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