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Online mortgage platforms can allow small banks to improve their inter-regional diversification


Basten, Christoph; Ongena, Steven (2020). Online mortgage platforms can allow small banks to improve their inter-regional diversification. London: VoxEU, CEPR Policy Portal.

Abstract

Recently, the debate around potential changes to financial intermediation with the introduction of new technology or FinTech has gained pace. Using data on bank responses to household mortgage applications through a Swiss web platform, this column contributes to the debate by showing how online platforms can allow smaller banks to expand to areas beyond their branch network. It finds enormous potential for web platforms to shake up local lending competition, open up new ways for geographical diversification, and facilitate automation of lending decisions.

Abstract

Recently, the debate around potential changes to financial intermediation with the introduction of new technology or FinTech has gained pace. Using data on bank responses to household mortgage applications through a Swiss web platform, this column contributes to the debate by showing how online platforms can allow smaller banks to expand to areas beyond their branch network. It finds enormous potential for web platforms to shake up local lending competition, open up new ways for geographical diversification, and facilitate automation of lending decisions.

Statistics

Additional indexing

Item Type:Scientific Publication in Electronic Form
Communities & Collections:03 Faculty of Economics > Department of Banking and Finance
Dewey Decimal Classification:330 Economics
Language:English
Date:2020
Deposited On:26 Jan 2021 13:06
Last Modified:26 Jan 2021 13:06
Publisher:VoxEU, CEPR Policy Portal
OA Status:Closed
Free access at:Official URL. An embargo period may apply.
Official URL:https://voxeu.org/article/online-mortgage-platforms-and-small-banks
Other Identification Number:merlin-id:19683

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