Abstract This paper analyzes the links between advances in financial technology, investors’ sophistication, and composition returns of their portfolios. We develop a simple portfolio choice model under asymmetric information derive some theoretical predictions. Using detailed microdata from Banca d’Italia, we test these predictions for Italian households over period 2004-2020. In general, heter...

This research aims to examine the role of Islamic fintech in solving users’ financial problem. Furthermore, technology acceptance model (TAM) construct is used explain individual on fintech. use self-administered survey including 185 users spread all over Indonesia. provides empirical insights about user satisfaction product. It show that almost predictors have significant positive effect satis...

The expansion of fintech credit around the world is challenging global banking system. This study investigates interrelationships between development and efficiency systems in 80 countries from 2013 to 2017. findings indicate a two-way relationship them. More specifically, negative bank implies that more developed with less efficient systems. Meanwhile, positive impact on suggests may serve as ...

U.S. fair-lending law prohibits lenders from making credit determinations that disparately affect minority borrowers if those are based on characteristics unrelated to creditworthiness. Using an identification under this rule, we show risk-equivalent Latinx/Black pay significantly higher interest rates GSE-securitized and FHA-insured loans, particularly in high-minority-share neighborhoods. We ...