000 01025cam a2200157 4500500
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041 _afre
042 _adc
100 1 0 _aPhilippon, Thomas
_eauthor
245 0 0 _aThe FinTech Opportunity
260 _c2017.
500 _a50
520 _aThis paper assesses the potential impact of FinTech on the finance industry, focusing on financial stability and access to services. I document first that financial services remain surprisingly expensive, which explains the emergence of new entrants. I then argue that the current regulatory approach is subject to significant political economy and coordination costs, and therefore unlikely to deliver much structural change. FinTech, on the other hand, can bring deep changes but is likely to create significant regulatory challenges. JEL Codes: E2, G2, N2.
786 0 _nRevue d'économie financière | 127 | 3 | 2017-12-12 | p. 173-206 | 0987-3368
856 4 1 _uhttps://shs.cairn.info/journal-revue-d-economie-financiere-2017-3-page-173?lang=en
999 _c156643
_d156643