Fintech Lending Under Austerity

Consumer-Lending Discrimination in the FinTech Era∗

Loan officers may discriminate based on facial features. Algorithmic scoring may imply disparate impact due to the inappropriate use of big data by FinTech lenders. To investigate these discrimination channels, we estimate a treatment-based OaxacaBlinder decomposition based on the unique mortgage-default-risk setting of the GSEs. We find that lenders reject African-American and Hispanic applica...

Greek Nursing under Austerity

Introduction: In the past year increasing concern has been expressed on the financial austerity measures imposed on Greece and its effect on public hospital patient care. The influence of this hardship on nursing delivery care is evident as even prior to this poor staff patient ratios caused shortcuts in care practice in order to save staff time. Aim: The aim of this discussion paper is to crit...

Group Lending Model under Sequential Moves

We build a simple dynamic model to investigate the sequential group lending's ability to resolve the ex-ante moral hazard and under-monitoring problems among group members in comparison with simultaneous group lending. We found that the interest rates proposed by the lender are critical to the analytical results. If the interest rate is under certain parameter conditions, both the leader member...

Innovation in Payments: The Future is Fintech

FinTech and cloud in banking

The use of technologies in financial services is not new. Financial institutions have, for a long time, been implementing technological solutions to support the provision of services to their customers and to ensure compliance with their regulatory obligations. They have also long relied on outsourcing arrangements with external service providers for the provision of technological solutions. Ho...