The Role of FinTech in Sustainability and United Nations’ Sustainable Development Goals

Abstract

This study investigates the role of FinTech (Financial Technology) in promoting sustainability and advancing the United Nations’ Sustainable Development Goals (SDGs), examining how FinTech innovations in financial inclusion, digital payments, and green finance contribute to economic and environmental sustainability. Employing a comprehensive literature review and thematic analysis, the research utilizes NVivo and Orange Data Mining Tool to analyze data from 77 scholarly articles, industry reports, and case studies on FinTech applications related to sustainability. The findings reveal that FinTech significantly supports SDGs through enhanced financial inclusion, empowering underbanked populations, and by facilitating sustainable investments and green finance initiatives that address climate challenges. Additionally, technologies like blockchain and InsurTech contribute to transparency and resilience, fostering responsible production and inclusive economic growth. Offering valuable insights for policymakers, financial institutions, and technology innovators, the research underscores the importance of regulatory support and cross-sector collaboration in maximizing FinTech’s potential to drive sustainable development. By systematically connecting FinTech innovations with specific SDGs, this study addresses a gap in current research, providing a structured framework that clarifies FinTech's role in advancing sustainable development goals.