Disrupting Monetary Policy: The Role of FinTech Lending in Shaping Economic Outcomes in the UK

The aim of the research is to analyze what role FinTech lending plays in transforming traditional monetary policy transmission mechanisms of the United Kingdom. New digital platforms, such as P2P lending or crowdfunding, have transformed the financial landscape in recent times and created challenges and opportunities for monetary policy. While most of the new entrants use innovative technologies like machine learning, big data analytics, and blockchain, FinTech lenders have changed the perspective about credit supply, especially for SMEs. The goal is to investigate whether FinTech lending affects traditional monetary policy transmission channels through interest rate sensitivity, credit distribution, or the general economic effect.