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Backgrounder of the pros and cons. Basically, fintech makes more services available to the public and is competitive with banks, but the result of fintech centralization is increasing inequality and also financial risk that adds to systemic risk.Project SyndicateAnt Group’s Long MarchShang-Jin Wei | Professor of Finance and Economics at Columbia Business School and Columbia University’s School of International and Public Affairs, and former chief economist at the Asian Development Bank.
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Backgrounder of the pros and cons. Basically, fintech makes more services available to the public and is competitive with banks, but the result of fintech centralization is increasing inequality and also financial risk that adds to systemic risk.Project SyndicateAnt Group’s Long MarchShang-Jin Wei | Professor of Finance and Economics at Columbia Business School and Columbia University’s School of International and Public Affairs, and former chief economist at the Asian Development Bank.
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Mike Norman considers the following as important:
This could be interesting, too:
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Project Syndicate
Ant Group’s Long March
Shang-Jin Wei | Professor of Finance and Economics at Columbia Business School and Columbia University’s School of International and Public Affairs, and former chief economist at the Asian Development Bank.