New research uses detailed data from two #BigTech lenders - China’s @AntFinancial and Latin America’s @Mercadolibre - to examine the forces behind big technology firms’ entry into finance & to test their information advantage. It finds… bis.org/publ/work779.h… 1) BigTech participation in financial services is small, but growing. #BigTech firms are more active lenders in countries with less competitive banking sectors and less stringent regulation bis.org/publ/work779.h…