Platform Ecosystems, Big Data, and FinTech

Zhou Zhou; Zhouxiang Shen

Platform Ecosystems, Big Data, and FinTech

Zhou Zhou, Zhouxiang Shen

Department of Information Systems

Research output: Conference Papers › RGC 32 - Refereed conference paper (without host publication) › peer-review

Abstract

This research examines the impact of a data open policy on FinTech lending in a platform ecosystem. We show that the policy promotes competition in FinTech lending and the loan price decreases. However, its impact on financial inclusion is unclear. We discuss how the value of big data and the efficiency of the banking system affect the policy outcome. We also consider equilibrium of a data market where the platform can sell big data to banks. We show that FinTech lending can best promote financial inclusion in this case, but the loan price is the same as when the platform monopolizes big data. Since financial inclusion is important for entrepreneurship and innovation, the policy may affect the prosperity of a platform ecosystem. Thus, the regulator should examine the country’s context before making a policy choice.

Original language	English
Publication status	Published - Oct 2021
Event	Conference on Information Systems and Technology 2021 (CIST 2021) - Hybrid, Newport Beach, United States Duration: 23 Oct 2021 → 24 Oct 2021 https://sites.google.com/view/cist2021/home

Conference

Conference	Conference on Information Systems and Technology 2021 (CIST 2021)
Place	United States
City	Newport Beach
Period	23/10/21 → 24/10/21
Internet address	https://sites.google.com/view/cist2021/home

Bibliographical note

Information for this record is supplemented by the author(s) concerned.

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 8 Decent Work and Economic Growth

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title = "Platform Ecosystems, Big Data, and FinTech",

abstract = "This research examines the impact of a data open policy on FinTech lending in a platform ecosystem. We show that the policy promotes competition in FinTech lending and the loan price decreases. However, its impact on financial inclusion is unclear. We discuss how the value of big data and the efficiency of the banking system affect the policy outcome. We also consider equilibrium of a data market where the platform can sell big data to banks. We show that FinTech lending can best promote financial inclusion in this case, but the loan price is the same as when the platform monopolizes big data. Since financial inclusion is important for entrepreneurship and innovation, the policy may affect the prosperity of a platform ecosystem. Thus, the regulator should examine the country{\textquoteright}s context before making a policy choice.",

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AU - Shen, Zhouxiang

N1 - Information for this record is supplemented by the author(s) concerned.

PY - 2021/10

Y1 - 2021/10

N2 - This research examines the impact of a data open policy on FinTech lending in a platform ecosystem. We show that the policy promotes competition in FinTech lending and the loan price decreases. However, its impact on financial inclusion is unclear. We discuss how the value of big data and the efficiency of the banking system affect the policy outcome. We also consider equilibrium of a data market where the platform can sell big data to banks. We show that FinTech lending can best promote financial inclusion in this case, but the loan price is the same as when the platform monopolizes big data. Since financial inclusion is important for entrepreneurship and innovation, the policy may affect the prosperity of a platform ecosystem. Thus, the regulator should examine the country’s context before making a policy choice.

AB - This research examines the impact of a data open policy on FinTech lending in a platform ecosystem. We show that the policy promotes competition in FinTech lending and the loan price decreases. However, its impact on financial inclusion is unclear. We discuss how the value of big data and the efficiency of the banking system affect the policy outcome. We also consider equilibrium of a data market where the platform can sell big data to banks. We show that FinTech lending can best promote financial inclusion in this case, but the loan price is the same as when the platform monopolizes big data. Since financial inclusion is important for entrepreneurship and innovation, the policy may affect the prosperity of a platform ecosystem. Thus, the regulator should examine the country’s context before making a policy choice.

M3 - RGC 32 - Refereed conference paper (without host publication)

T2 - Conference on Information Systems and Technology 2021 (CIST 2021)

Y2 - 23 October 2021 through 24 October 2021

ER -

Platform Ecosystems, Big Data, and FinTech

Abstract

Conference

Bibliographical note

UN SDGs

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