# Professor Thomas Philippon's new research on fintech is featured

1 Faculty News August 16, 2016 ![Reuters logo](/sites/default/files/styles/246w/public/assets/images/con_030503.jpg?itok=0OAgrDF0)>

Excerpt from [Reuters](http://www.reuters.com/article/us-markets-saft-idUSKCN10R0CT) -- "Asset management services are still expensive. Banks generate large spreads on deposits. Finance could and should be much cheaper. In that respect, the puzzle is not that fintech is happening now. The puzzle is why it did not happen earlier."

[Read more](http://www.reuters.com/article/us-markets-saft-idUSKCN10R0CT)