Fintech can worsen inequality, BIS paper warns

FinTech

Fintech may amplify existing disparities in wealth under some conditions, say the authors of a new Bank for International Settlements working paper.

But this trend may decline as new technologies become more widely used, the authors find. Jon Frost, Leonardo Gambacorta and Romina Gambacorta analyse Italian micro-data gathered by the Bank of Italy to test the spread of remote banking, one form of fintech.

Over the period 1991 to 2016, the adoption of remote banking benefitted all groups of the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.