FinTech credit firms

F. D. Pascalis
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Abstract

The provision of credit through online lending platforms, also known as FinTech credit, is an expression of a process of innovation that has increasingly affected the financial services industry since the recent financial crisis. The FinTech credit market is innovative in that, through web-based platforms, it offers borrowers and lenders cash opportunities and the possibility of gaining interest rates outside mainstream financial services providers. This chapter provides an account of the growth of the FinTech credit industry since its rise in the wake of the 2007-2009 financial crisis. In so doing, it reviews the evolution of some lending platforms from disintermediated to re-intermediated actors, and the implications of this process for their co-existence with traditional intermediaries in the financial services domain. By also focusing on the current Covid-19 pandemic crisis, we consider the platforms’ view of their growth as a possibility of standing on equal footing with traditional financial intermediaries and the regulator view (particularly in the UK) of FinTech credit as a business model that still needs to gain trust to be recognised as a valid alternative to others. © 2021 selection and editorial matter, Iris H-Y Chiu and Gudula Deipenbrock;individual chapters, the contributors.
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金融科技信贷公司
通过网络借贷平台提供信贷,也被称为金融科技信贷,是一种创新过程的表现,自最近的金融危机以来,这种创新对金融服务业的影响越来越大。金融科技信贷市场的创新之处在于,通过基于网络的平台,它为借款人和贷款人提供了现金机会,并有可能在主流金融服务提供商之外获得利率。本章介绍了金融科技信贷行业自2007-2009年金融危机后崛起以来的发展情况。在此过程中,它回顾了一些借贷平台从非中介到再中介行为者的演变,以及这一过程对它们与金融服务领域的传统中介共存的影响。通过关注当前的Covid-19大流行危机,我们认为这些平台的增长是与传统金融中介机构站在平等地位的可能性,而监管机构(特别是在英国)认为金融科技信贷是一种商业模式,仍然需要获得信任才能被认为是其他商业模式的有效替代品。©2021选择和编辑事项,Iris H-Y Chiu和Gudula Deipenbrock;个别章节,贡献者。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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