Bob gave three lectures at the National Institute of Bank Management in Pune, India in December 2019. He taught students on cryptocurrency, the current state of FinTech, and micro, small and medium enterprise lending and FinTech. The lectures were attended by finance professionals from various parts of India.
In this presentation, Chakravorti discusses how new entrants are disrupting payments. Specifically, he looks at how FinTechs are leveraging new technologies and Big Tech firms leveraging their large user bases to provide payment services to underserved segments often at lower prices. He also analyzes the role of the public sector...
Although Anil Aggarwal had personally invited me back in 2012 to Money20/20, I only made it to the conference this year. Catching up with attendees after past conferences, I always regretted not going. This year’s event had a large and diverse set of speakers and exhibitors making it difficult to...
Advancements in computing and mobile technologies have provided the impetus to create new payment mechanisms. Furthermore, non-bank providers, e.g. Venmo and WeChat Pay, social media WeChat’s payments arm, play an increasing role in the provision of payments that has traditionally been the domain of banks. For example, Visa, MasterCard, American...
Recent headlines like: “ Bitcoin Mania: Even Grandma Wants In on the Action” and “ When Grandma and Grandpa Join the Frenzy, You Know Bitcoin Is Turning into a Bubble,” suggest that bitcoin has become part of the common man’s conversation. Recently, the value of bitcoin eclipsed $19,000 after starting...
FinTech or financial technology has become an industry of great interest for investors, financial service professionals, consumers, businesses, and policymakers. From 2012 to 2017 Q2, VC-backed FinTech firms raised $50 billion globally (see CB Insights). Additionally, several central banks and international agencies have formed working groups with FinTech leaders or...
A core function of any banking system is the provision of payments. However, a greater number of non-banks are becoming part of the payments landscape. Payments can be made via fiat or crypto currencies, bank credit or deposits, or funds transfers on the books of non-bank payment providers. Most of...
Carbó, Chakravorti, and Rodriguez study the impact of lowering interchange fees on consumer and merchant adoption and usage along with bank revenues during a ten-year period in Spain using bank-level data. Using cutting-edge econometric techniques, they are able to test two-sided market model predictions about payment card pricing policies. They...