Understanding the Fintech Hype

Innovation in Payments: The Future is Fintech

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...

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...

The hype of MOOCs

The Greenhouse Warming Hype

It was billed as a major disaster film about a serious subject. The movie The Day after Tomorrow describes the effects of global warming at a breathtaking pace. Global warming triggers the collapse of the Antarctic ice sheet beneath a team of polar scientists. In chain-reaction-like consequences, the collapse sends a 100-foot tsunami across Manhattan before the city is frozen in ice. Super-torn...