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Shadow banking isn’t fintech. It’s non-bank lenders like hedge funds.

• lmm 6y ago
  I should've said fintech is a subset of shadow banking, because not all shadow banks are tech-oriented. But a fintech company is more-or-less by definition a non-bank doing bank-like things, which is the definition of a shadow bank.
  • mathattack 6y ago
    FinTech is more than that though. Fintech is also advanced analytics for helping banks price derivatives. And for auto-pricing real estate.
    • lmm 6y ago
      Derivatives pricing and real estate pricing were major causal factors in the last financial crisis. A lot of the banking regulations regarding reporting, data integrity etc. are if anything even more important when the data analysis is being done by a separate entity from the one that's performing the transactions.