Fintech lending, market gaps and financial stability

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-All works are fully cited in the style of the American Economic Review.
-All important academic and professional works on the topic are reviewed. Published work and working papers are included.
-The main points of each policy proposal reviewed is clear.
-Level of detail is appropriate: all details that are important to the evaluation are included and all unnecessary details are omitted.
-The organization reveals important patterns in what is known about the topic.

Fintech lending, market gaps and financial stability: Discuss the new role of non-bank “Fintech” lenders. What market segments have they served? Are Fintech lenders expanding financial inclusion by reaching borrowers previously unable to access credit? Are they making riskier loans than banks? How have the technologies and approaches of these lenders differed from those used by traditional lenders? What are the benefits or drawbacks? Does Fintech pose new challenges to financial stability?
READINGS: Adrian et al (2013), Jagtiani and Lemieux (2019), Omarova (2019), Buchak et al (2017) plus at least two other scholarly articles that you choose yourself.