15.S08 | Spring 2020 | Graduate

FinTech: Shaping the Financial World

Class 7: Credit & Lending

Lecture Slides

Class 7 Lecture Slides: Credit and Lending (PDF - 1.4MB)


Required Readings

‘Apple Card: 12 Fintech Companies Driving Credit Card Innovation’ Jeremy Brown, Crunchbase (March 26, 2019)

Need a loan? There’s a tech company for that’ Jason Abbruzzese, NBC (November 11, 2019)

Get to Know Your Marketplace LendersAmerican Banker (accessed March 25, 2020)

‘Alternative Data Across the Loan Life Cycle: How FinTech and Other Lenders Use It and Why (PDF - 2.3MB)’ Experian (December 4, 2018)

Optional Readings

Tech lenders push for a piece of the coronavirus, small-business bailout’ Kate Rooney, CNBC  (March 23, 2020)

US lending at point of sale: The next frontier of growth’ Puneet Dikshit, Diana Goldshtein, and Udai Kaura, McKinsey & Company (November 4, 2019)

Detroit-based mortgage giant Quicken Loans on pace to set home loan record’ JC Reindl, Detroit Free Press (December 11, 2019)

Peer-to-Peer Lending 101’ Jeff Rose, Good Financial Cents (November 20, 2019)

Study Questions / Issues to Prepare

  1. How have Big Tech firms positioned themselves to offer credit and lending products to consumers and businesses?
  2. What is marketplace or peer-to-peer lending? What is point of sale lending? How might they change the provision of consumer credit and its competitive landscape?
  3. How is so-called “Alternative Data” and machine learning changing the world of credit ratings and underwriting?

Course Info

As Taught In
Spring 2020
Learning Resource Types
Lecture Videos
Lecture Notes
Written Assignments
Instructor Insights