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FinTech – Impact on Consumers, Banking and Regulatory Policy

Start date

End date

September 28, 2017 September 29, 2017

Where

Philadelphia, USA [Map it]

Details

The Federal Reserve Bank of Philadelphia and the Journal of Economics and Business (JEB) invite authors to submit papers that deal with topics related to various aspects of FinTech.

The conference aims to provide a platform for experts from academic institutions, regulatory agencies, and the financial industry to come together and discuss the various issues around FinTech and the impacts on consumer choice, shadow banking and regulatory arbitrage, cost/benefits and efficiencies, macroprudential supervision, and stability and resiliency in the financial system.

FinTech has changed the financial landscape and has been disruptive. On the supply side, nonbank FinTech servicers have grown rapidly in response to more stringent and complex financial regulations following the recent crisis. Some have argued that with their technology platforms and ability to use alternative information sources for credit decisions and unconventional underwriting techniques, the FinTech shadow banking sector has been able to offer faster, better, and cheaper services to their customers – in terms of processing times, automatic applications, minimal demands for financial documents, and funding as early as the same day. On the demand side, as more millennials make up the pool of small business owners, they may be more comfortable with technology and may prefer dealing with an online lender versus an in-person loan officer. Given the speed of innovation to date, there is likely to be increased innovation in this space. In addition, the blockchain technology which was initially used for BitCoin transactions also has a potential to create a major disruption in the financial landscape. Moreover, many countries (including Sweden, Korea, and China) have explored their own digital currencies. It remains unclear whether this sector will continue to grow (since they have not yet gone through the entire economic cycle) and what the impacts would be on monetary policy and financial stability overall.

We solicit original research papers that fall within the FinTech area. Papers should be submitted online to the JEB at  https://www.evise.com/profile/#/JEB/login.

Authors should select “FinTech” when asked to indicate the “Article Type” in the submission process. Note: There is no submission fee. In the letter to the editor, please indicate whether the paper is submitted for presentation only or if it is for both presentation and publication in the JEB.

The deadline for submissions is June 15, 2017. Authors of accepted papers for the Conference will be notified by July 1, 2017. The special issue will be published in 3Q2018.