An Overview of Technologically Enabled Finance

David C. Brown; Mingfeng Lin

doi:10.1007/978-3-030-65117-6_1

An Overview of Technologically Enabled Finance

David C. Brown, Mingfeng Lin

Research output: Chapter in Book/Report/Conference proceeding › Chapter

2 Scopus citations

Abstract

Technologically enabled finance, or FinTech, is the application of new technologies to financial activities. Broadly speaking, FinTech developments fall into two general areas of finance: matching capital supply with demand and personal finance. In each area, we discuss a range of topics, from microlending, peer-to-peer lending and credit monitoring, to crowdfunding, cryptocurrencies and robo-advisors. In some cases, such as credit decisioning, new technologies can make finance more efficient, but also raise potential concerns related to the use and security of information. In other cases, such as crowdfunding or cryptocurrencies, new technologies have the potential to fundamentally change how finance operates. We highlight businesses that are pushing the boundaries of finance and we discuss open questions of interest to practitioners, regulators, and academics.

Original language	English (US)
Title of host publication	The Palgrave Handbook of Technological Finance
Publisher	Springer International Publishing
Pages	3-32
Number of pages	30
ISBN (Electronic)	9783030651176
ISBN (Print)	9783030651169
DOIs	https://doi.org/10.1007/978-3-030-65117-6_1
State	Published - Jan 1 2021
Externally published	Yes

Keywords

Crowdfunding
Cryptocurrency
FinTech
Peer-to-Peer Lending
Robo-Advising

ASJC Scopus subject areas

Economics, Econometrics and Finance(all)
Business, Management and Accounting(all)

Access to Document

10.1007/978-3-030-65117-6_1

Cite this

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abstract = "Technologically enabled finance, or FinTech, is the application of new technologies to financial activities. Broadly speaking, FinTech developments fall into two general areas of finance: matching capital supply with demand and personal finance. In each area, we discuss a range of topics, from microlending, peer-to-peer lending and credit monitoring, to crowdfunding, cryptocurrencies and robo-advisors. In some cases, such as credit decisioning, new technologies can make finance more efficient, but also raise potential concerns related to the use and security of information. In other cases, such as crowdfunding or cryptocurrencies, new technologies have the potential to fundamentally change how finance operates. We highlight businesses that are pushing the boundaries of finance and we discuss open questions of interest to practitioners, regulators, and academics.",

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KW - Robo-Advising

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An Overview of Technologically Enabled Finance

Abstract

Keywords

ASJC Scopus subject areas

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