BIS report points to benefits and costs of fintech lending
China, US and UK are three largest markets, report says
The global financial technology (fintech) credit sector is examined in considerable detail in a report published on May 22 by the Bank for International Settlements (BIS). Researchers find both pros and cons to the growth of credit intermediation by fintech firms.
The report defines “fintech credit” as all credit activity facilitated by electronic platforms where borrowers are matched directly with lenders, in “peer to peer” (P2P) or “crowdfunded” loan activity, as well as platforms that use
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