Do not follow this hidden link or you will be blocked from this website !

Financial Intermediation in the FinTech Era: the Crowdlending Platforms

Marianne Verdier ** Chercheur, CRED (TEPP), Centre de recherches en économie et droit ; professeur d'économie, Université Paris II Panthéon Assas ; co-fondatrice, Chaire de recherche finance digitale. Contact : marianne.verdier@gmail.com.
Olena HAVRYLCHYK LEM, Université de Lille ; CEPII, EconomiX ; Labex ReFi. Contact : olena.havrylchyk@univ-lille1.fr.


This articles studies the role of P2P lending platforms in the financial intermediation.

Online platforms allow matching credit demand with credit supply according to various risk and risk characteristics. Unlike banks, P2P lending platforms do not transform maturity and risk. However, they can organize secondary markets that allow an exchange of credit contracts. Some platforms attempt to provide a fixed revenue stream to lenders.

The regulators have to ensure that platforms act in the interest of lenders to achieve efficient and stable financial intermediation.


Download PDF Format


Share email Share on Facebook Share on Twitter Share on Google+