Fintech might assist scale back prejudice in credit score allocation, however may undermine the effectiveness of present rules, a brand new Financial institution for Worldwide Settlements working paper finds.
Thomas Philippon investigates potential effectivity beneficial properties from fintech and the way they’re prone to be shared. He finds there’s proof that fintech companies can allocate credit score extra effectively, because the “unit price of monetary intermediation” has declined over the previous 10 years.
The usage of massive information to underpin
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