The Role of FinTech in Sustainability and United Nations’ Sustainable Development Goals
DOI:
https://doi.org/10.57159/jcmm.3.5.24168Keywords:
FinTech, Sustainable Development Goals, Financial Inclusion, Green Finance, Blockchain TechnologyAbstract
his study investigates the role of FinTech (Financial Technology) in promoting sustainability and advancing the Sustainable Development Goals (SDGs) of the United Nations. It examines how FinTech innovations in financial inclusion, digital payments, and green finance contribute to economic and environmental sustainability. The research employs a comprehensive literature review and thematic analysis, using NVivo and the Orange Data Mining Tool, to identify key themes and analyze data from 77 scholarly articles, industry reports, and case studies on FinTech applications related to sustainability. The study finds that FinTech significantly supports SDGs through improved financial inclusion, empowering under-banked populations, and facilitating sustainable investments and green finance initiatives that address climate challenges. Blockchain and InsurTech also contribute to transparency and resilience, promoting responsible production and inclusive economic growth. This research provides valuable information for policymakers, financial institutions, and technology innovators on aligning FinTech with sustainability goals. It highlights the critical role of regulatory support and cross-sector collaboration in maximizing FinTech’s potential to drive sustainable development. This study addresses a gap in current research by systematically connecting FinTech innovations with specific SDGs, providing a structured framework to clarify FinTech's role in advancing sustainable development goals.
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