Unlocking sustainable resource management: A comprehensive SWOT and thematic analysis of FinTech with a focus on mineral management

Abstract

The mining sector faces growing demands for sustainable and responsible mineral management practices in light of the changing global economy and growing environmental concerns. This sector plays a role in economic growth in both developed and developing nations, which in turn contributes to the nation's overall social and economic well-being. The goal of sustainable mineral management is to achieve a balance between the need to reduce harmful effects on ecosystems and communities and the economic benefits of mineral resources. The integration of Financial Technology (FinTech) into organizations' workflow has gained attention in the field of sustainability and environmental protection. In order to acquire the requisite knowledge for informing strategic planning, decision-making processes, and strategy development, a comprehensive review of pertinent literature is imperative. This study aims to address this issue by conducting a thematic analysis of the literature in the context of sustainability and Fintech. Following that, an in-depth Strengths, Weaknesses, Opportunities, and Threats (SWOT) analysis of FinTech in sustainable mineral management is deployed. The study investigates FinTech's integration into sustainable mineral management to advance responsible resource extraction practices and sheds light on effective FinTech utilization while highlighting implementation challenges.