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SUMMARY:FinTech Lending and Cashless Payments
DTSTART:20230505T103000
DTEND:20230505T120000
DTSTAMP:20260414T111000Z
UID:fe4d6d48d01f764704b8d40fadc9e68a962693e52a5686f026cf65a2
CATEGORIES:Conferences - Seminars
DESCRIPTION:Boris Vallee - Harvard Business School\nWe uncover an informat
 ional synergy between FinTech lending and cashless payments. Theoretically
 \, FinTech lenders screen borrowers more efficiently when borrowers use ca
 shless payments that produce transferable and verifiable information. In t
 urn\, a strategic consideration to stand out from non-adopting borrowers p
 ushes borrowers to adopt cashless payments. Empirically\, a larger use of 
 cashless payments predicts a higher likelihood of loan approval\, a lower 
 interest rate\, and a higher loan amount\, especially for firms of higher 
 credit quality. This synergy provides an economic rationale for open banki
 ng\, and more broadly for data sharing and a lending model without traditi
 onal banking relationships.
LOCATION:UniL Campus\, Room Extra 126
STATUS:CONFIRMED
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