Financial innovation is actually happening

The Future of Money: How the Digital Revolution Is Tran…

A cutting-edge look at how accelerating financial chang…

The ‘Neo-Banks’ Are Finally Having Their Moment (Published 2018)

High fees and low interest rates have provided an opening for a new generation of finance start-ups to compete with the big banks.

A Trillion-Dollar Industry Deserves a Better Engine — Renaissance Philanthropy – A brighter future for all through science, technology, and innovation

With a new wave of philanthropic capital on the horizon, the most pressing binding constraint on that capital won't be the will to give it away; it will be the operational capacity to do so well.

FinTech Adoption Across Generations: Financial Fitness in the Information Age

This paper analyzes how better access to financial information via new technology changes use of consumer credit and affects financial fitness. We exploit the introduction of a smartphone application for personal financial management as a source of exogenous variation. FinTech adoption reduces financial fee payments and penalties, but differs cross-sectionally in the population. After adopting the new technology, Millennials and members of Generation X incur fewer financial fees and penalties, whereas Baby Boomers do not benefit from the technological advance. Millennials and Gen Xers save fees by using their credit cards rather than overdrafts to manage short-term liabilities. Moreover, Millennials shift some of their spending to discretionary entertainment, whereas members of Generation X remain more austere. Finally, while men tend to adopt new technology and access information at a higher rate, the economic impact of access is larger for women.

interfluidity » Why is finance so complex?

Lisa Pollack at FT Alphaville mulls a question: “Why are we so good at creating complexity in finance?” The answer she comes up with is the “Flynn Effect“, basically the idea that there is an uptrend in human intelligence. Finance, in this view, gets more complex over time because financiers get smart enough to make it so.

Artificial Intelligence for Economic Development Conference: Roundup of 27 presentations

Is artificial intelligence the future for economic development? Earlier this month, a group of World Bank staff, academic researchers, and technology company representatives convened at a conference in San Francisco to discuss new advances in artificial intelligence. One of the takeaways for Bank staff was how AI technologies might be ...

The Atlas of Innovation

Navigate the world of innovation funding mechanisms

Generative AI and Finance

Since ChatGPT's release in 2022, demand for artificial intelligence (AI)–related skills in finance has grown rapidly, as generative AI drives significant technological changes in both the financial research field and the broader economy. We show that financial occupations are highly exposed to the productivity effects of generative AI, review the literature on the impact of ChatGPT on firm value, and provide directions for future research investigating the impact of this major technology shock. Generative AI also holds great potential as a tool for finance researchers and practitioners: We review and describe innovations in research methods linked to improvements in AI tools, along with their applications. We offer a practical introduction to available tools and advice for researchers in academia and industry interested in using these tools.

The Consumer AI Revolution Won’t Be Technical. It’ll Be Emotional.

In technology, the obvious revolutions often come last.

TransCap Initiative

A collaborative innovation space for building the field of systemic investing

The Beginning of the End of Big Tech

From politicians to VC firms, everyone is falling out of love with the massive, money-oriented, global technology titans. In their place, we have the chance to build something open and trustworthy.

People Loved the Dot-Com Boom. The A.I. Boom, Not So Much.

Tech leaders are beginning to worry about the public’s underwhelming enthusiasm for their plans to remake the world with artificial intelligence. Will that burst the bubble?

What’s Next in Computing?

The computing industry progresses in two mostly independent cycles: financial and product cycles. There has been a lot of handwringing…

Debt is Coming

Ten years from now, what seismic change will we reflect back on and think, “well that was pretty obvious, in retrospect”?   Debt is going to finally come to the tech industry.  We can hat…

Tax and the Law of Market Cycles

<p>The signature development in financial regulation over the past two decades has been the macroprudential turn: the recognition that healthy financial conditi