The FinTech Opportunity
Loading...
Penn collection
Wharton Pension Research Council Working Papers
Degree type
Discipline
Subject
robo-advice
financial advice
innovation
financial services market
disruption
costs
Behavioral Economics
Finance
Other Economics
financial advice
innovation
financial services market
disruption
costs
Behavioral Economics
Finance
Other Economics
Funder
Grant number
License
Copyright date
Distributor
Author
Contributor
Abstract
This chapter assesses potential impacts of FinTech on the finance industry. First we show that financial services remain surprisingly expensive in the U.S., which helps explain the emergence of new entrants. We then argue that the current regulatory approach is subject to significant political economy and coordination costs, and therefore it is unlikely to deliver much structural change. FinTech can improve both financial stability and access to services, but this will require important changes in the focus of regulations.
Advisor
Date Range for Data Collection (Start Date)
Date Range for Data Collection (End Date)
Digital Object Identifier
Series name and number
Publication date
2018-12-01
Volume number
Issue number
Publisher
Publisher DOI
Comments
The published version of this working paper may be found in the 2019 publication: The Disruptive Impact of FinTech on Retirement Systems (https://pensionresearchcouncil.wharton.upenn.edu/the-disruptive-impact-of-fintech-on-retirement-systems/)