3  BIS Working Papers [Paper?] No. 655, The FinTech opportunity, Thomas Philippon, Monetary and Economic Department, August 2017. Available at http://www.bis.org/publ/work655.htm. 4  World Economic Forum (WEF). 2017. ‘Beyond fintech: A pragmatic assessment of disruptive potential in financial services’. http://www3.weforum.org/docs/Beyond_Fintech_-_A_Pragmatic_Assessment_of_Disruptive_Potential_in_Financial_Services.pdf  5  World Economic Forum (WEF). 2017. Beyond FinTech: a pragmatic assessment of disruptive potential in financial services. Available at http://www3.weforum.org/docs/Beyond_Fintech_-_A_Pragmatic_Assessment_of_Disruptive_Potential_in_Financial_Services.pdf.
The survey also asked whether they had wanted to borrow for personal or business purposes but had been so convinced they would be turned down that they did not apply. The data show a substantial level of personal and business applications both for owners whose wealth rose and for those whose wealth fell over the period of the SCF panel.