Fintech is transforming the way financial services are provided, from digital banking to blockchain-based lending platforms. While these technologies expand access and promote innovation, they also introduce serious risks that require careful legal attention.

At our center, Prof. Nizan Geslevich Packin examines these challenges through her scholarship. In her recent article “Crypto Native Credit Score: Between Financial Inclusion and Predatory Lending,” published in the Cardozo Law Review (2024) with Prof. Yafit Lev-Aretz, she analyzes how blockchain-based credit scoring can both promote inclusion for underserved communities and simultaneously expose vulnerable individuals to harmful lending practices.

In another article, “Show Me the (Data About the) Money!” published in the Utah Law Review (2021), she explores how the use of consumer financial data by fintech firms raises concerns about privacy, power imbalances, and the fairness of digital markets.

Together, her work highlights the double-edged nature of fintech: it can be a driver of opportunity but also a source of new inequalities that law must address.

Sources:

Packin, Nizan Geslevich, and Lev Aretz, Yafit, Crypto Native Credit Score: Between Financial Inclusion and Predatory Lending, Cardozo Law Review, 2024. 

Nizan Geslevich Packin, Show Me the (Data About the) Money!, ULR 1277, 2021.