Role Of Fintech Research Articles

Financing the future: insights into sustainable energy investments through scientific mapping and meta-analysis

This study presents a detailed literature review on financing for renewable and sustainable energy through bibliometric analysis and scientific mapping, utilizing the Scopus database from 2000 to 2023. Using network analysis techniques, it identifies eight main clusters, each focusing on different aspects of financing renewable energy and their geographic and technical contexts. The study highlights the most frequently cited articles, notable authors, key institutions, affiliations, and journals in sustainable energy finance. A random effects model meta-analysis was also conducted to assess the overall effect size of each research stream. Findings indicate that the literature on renewable energy finance has expanded since 2000 and exhibits considerable diversity. The study pinpoints five major themes suitable for discussion and exploration of new research questions: (i) the role of Fintech in renewable energy finance, (ii) the regulatory framework governing renewable energy finance, (iii) the economic feasibility of renewable energy in emerging markets, (iv) the influence of private and public finance on renewable energy development, and (v) the relationship between renewable energy finance and sustainable development goals. The insights from this study aim to inspire and equip readers as they embark on their inquiries into the connections between energy investment, policy, finance, and behavioral sciences. Following identifying research gaps, this paper outlines potential future research directions. It serves as a thorough resource on current trends in sustainable energy investments and recommends viable research topics, thus benefiting researchers, professionals, and policymakers alike.

Optimizing Crowdfunding for Mineral Resources of Dutch Economy: The Role of FinTech in Achieving Sustainable Development Goals Through Artificial Intelligence

The Netherlands considers focuses on optimal exploitation of mineral resources for achieving long-term Sustainable Development Goals (SDGs). As a result, crowdfunding investment is becoming more recognized as an important method of financing and promoting the United Nations SDGs. However, there has been little research on sustainable crowdfunding, particularly on mineral resource optimization and the impact of behaviour aspects. Therefore, the goal of this study is to determine how behaviour factors influence the subjective well-being of sustainable crowdfunding in mineral resources using fintech in the form of robo advisors to achieve sustainable development goals. This study aims to examine a research model that encompasses the key five personality traits, value on SDGs, subjective well-being, and role of robo-advisor. The findings indicate that two out of five personality traits have the greatest impact on the SDGs. Moreover, the study highlights the impact of agreeableness on SDGs and people's subjective well-being. The findings also emphasizes that the robo-advisor has a strong moderating effect on personality traits and subjective well-being.

The Role of Fintech in Driving Financial Inclusion: A Review of Literature

The Role of Fintech in Driving Financial Inclusion: A Review of Literature

The role of fintech in U.S. entrepreneurship: How AI is shaping the future of financial services

This study explores the transformative role of financial technology (FinTech) and artificial intelligence (AI) in driving entrepreneurship and reshaping financial services in the United States. Using data spanning from 2010 to 2022, the research evaluates the interplay between AI investment, financial inclusion, governmental programs, and societal perceptions to determine their impact on entrepreneurial activity. By employing regression analysis and diagnostic tests, the study provides a nuanced understanding of these relationships. The findings reveal that AI-related variables, particularly AI investment and technology usage, significantly enhance entrepreneurial activity by fostering innovation, improving decision-making, and optimizing business operations. Conversely, traditional financial metrics, such as credit availability and account ownership, show limited or negative impacts, highlighting inefficiencies in their allocation or accessibility. Surprisingly, governmental programs and societal perceptions of high entrepreneurial status exhibit negative associations with entrepreneurship, suggesting that exclusivity and inefficient interventions may deter broader participation in entrepreneurial ventures. These insights underscore the importance of rethinking financial strategies and policies to align with technological advancements. The study emphasizes the need for accessible AI-driven solutions, improved financial accessibility, and inclusive policies to foster a more equitable entrepreneurial ecosystem. By challenging conventional perspectives, this research contributes valuable recommendations for stakeholders to harness FinTech and AI for sustainable growth and innovation.

Sustainable Development Goals (SDGs): The nexus of fintech and water productivity in 11 BRICS countries

In the context of a global water crisis, enhancing water productivity is becoming increasingly crucial. While previous research has predominantly addressed technical and policy aspects of water management, the role of fintech in improving water productivity has not been sufficiently explored. This research investigates the impact of fintech on water productivity, considering the moderating effect of education level. Using panel data from new BRICS countries spanning 2011 to 2021, we employ a partially linear functional model to analyze how fintech influences water productivity and assess how education levels moderate this relationship. Our findings reveal that: (i) Fintech holds significant potential for improving water productivity; (ii) The effect of fintech on water production varies with the education level; (iii) There is considerable spatial variation in how education level affects the impact of fintech, with a more pronounced effect observed in countries with higher education levels. Specifically, the impact of fintech on water productivity becomes substantially more significant when the education level index exceeds 2.3. These results remain robust across various tests. Based on these insights, the paper proposes policy recommendations to enhance water productivity through the integration of fintech and education improvements.

Scrutinizing the load capacity curve for a global perspective: The role of Fintech, government effectiveness and renewable energy

With the evolving world order, countries are using financial technologies (Fintech) to access financial resources more effectively, and Fintech can have an impact on the environment. This study aims to investigate the influence of Fintech on ecological sustainability, focusing on the contribution of renewable energy (RE) and government effectiveness (GE) under the Load Capacity Curve (LCC). This research analyzes data from 69 middle-income economies between 2006 and 2022 using the dynamic panel threshold model (DPTR). The outcomes document that GDP reduces the LCF below a certain threshold, but a positive impact above this threshold. Specifically, the model yielded a threshold value of $US 5222.234, which is higher than the average GDP of $US 4276.802. This finding suggests a U-shaped relationship between GDP and LCF, which supports the LCC hypothesis. The outcome also reports that Fintech plays a crucial role in improving ecological sustainability, while government effectiveness has a negative effect. The study emphasizes that middle-income countries should support Fintech and renewable energy along development with economic progress to improve ecological quality.

The Role of Fintech in Increasing Retail Participation in the Indian Stock Market

The rapid growth of financial technology (fintech) has brought substantial changes to retail investor activity in the Indian stock market. This study examines how fintech developments have boosted retail participation from 2017 to 2024, primarily through mobile trading platforms, robo-advisors, and digital payment solutions. Using a quantitative research method with secondary data, the study tracks the year-over-year increase in retail shareholders, noting a significant rise particularly after 2021. The findings point to factors such as the Digital India initiative, growing adoption of fintech, and evolving market conditions as key drivers that have reduced entry barriers for retail investors. The analysis establishes a connection between the advancement of fintech and improved access to the stock market, underlining fintech's significant contribution to democratizing investment opportunities. Nonetheless, ongoing issues like regulatory challenges and financial literacy gaps remain, highlighting the need for continued efforts to maximize fintech's potential in fostering sustainable growth in retail investment.

The Role of Fintech in Supporting Small and Medium Enterprises (SMEs) Lending

The Role of Fintech in Supporting Small and Medium Enterprises (SMEs) Lending

How Fintech mitigates credit mismatches to promote green innovation: Evidence from Chinese listed enterprises

The intersection of financial technology (fintech) and sustainable development has gained increasing attention, particularly regarding how fintech can support corporate green innovation. However, the role of fintech in mitigating credit mismatches—a key barrier for enterprises pursuing green initiatives—remains underexplored, especially within the context of Chinese listed enterprises. Addressing this gap, our study utilizes a panel dataset from 2010 to 2021 to investigate the influence of fintech on green innovation and the mediating role of credit mismatches. Through a series of baseline regressions, endogeneity tests, and heterogeneity analyses, we find a significant positive relationship between fintech adoption and green innovation, with credit mismatches serving as a crucial mediator. Moreover, the effects of fintech are most pronounced in eastern China and in industries with lower pollution levels. These findings provide new insights into how fintech can bridge financing gaps, foster green innovation, and promote the transition to a more sustainable economy. Our results carry important implications for policymakers aiming to leverage fintech as a tool for both financial inclusion and environmental sustainability.

Investing in green, sustaining the planet: The role of fintech in promoting corporate green investment in the Chinese energy industry

In recent years, fintech has rapidly developed on a global scale, bringing about significant transformations across various industries. Particularly in the energy sector, the potential of fintech to promote corporate green investment has increasingly become a focus. As the energy industry accounts for a significant proportion of global greenhouse gas emissions, guiding companies in implementing green investment has become an important issue for environmental protection and sustainable development. However, previous studies have rarely systematically investigated the influence of fintech on corporate green investment in the energy industry and the mechanisms involved. Hence, this study aims to bridge this research gap within the context of China. By utilizing valid survey data from 466 corporations in the Chinese energy industry and the method of structural equation modeling, the results indicate that: (1) Fintech can promote corporate green investment in the energy industry. (2) Fintech can promote corporate data-driven decision-making capability, information transparency, and sustainable development strategy. (3) Data-driven decision-making capability, information transparency, and sustainable development strategy can also promote corporate green investment in the energy industry. (4) Mediation analysis reveals that data-driven decision-making capability, information transparency, and sustainable development strategy each play a mediating role in the impact of fintech on corporate green investment. (5) Comparative analysis of the mediation effects indicates that there is a certain degree of difference among these three variables’ mediating effects, but it did not reach a statistically significant level. This study provides rich insights for business practices, encouraging companies to strengthen their focus on green investment in the fintech era and offer guidance and recommendations to relevant stakeholders, thereby providing practical guidance for corporate green transformation and sustainable development. Finally, this research also contributes to policy development and optimization.

Small and medium-sized enterprises and sustainable transition: Role of FinTech in a country's banking ecosystem

During the sustainable transition, small and medium-sized enterprises (SMEs) request funding to support environmental, social, and governance (ESG) investments. In particular, these requests clash with information asymmetries typical of the bank–firm relationship, causing SMEs to experience credit crunch phenomena or increased loan costs. This aforementioned phenomenon prompted this study to examine whether FinTech increases banks’ ability to support the development of SMEs aimed at achieving ESG or, better yet, sustainable transition goals. The results suggest that FinTech in a country’s banking ecosystem improves the ESG performance of Italian and British SMEs by addressing adverse selection and moral hazard issues. This study also shows a more pronounced effect in the UK banking ecosystem, which has a higher level of FinTech development and diffusion.

Appraising sustainability and economic growth through Fintech, green finance and natural resource in Asian economies: A CS-ARDL study

Governments in Asian economies are under immense pressure from an ecological perspective and are trying to increase compliance with environmental policies by institutions and households, which have the objective of reducing environmental pollution. This is because the Asian region contributes two-thirds of the global growth. However, because of the conventional manufacturing facilities and infrastructure, the Asian region had to rely on the consumption of the Natural Resource (NTR) for their economic development; thus,the environment is being harshly affected, eventually affecting the quality of life of every dweller. Therefore, this research revisits the Asian economies due to their global significance in financial, environmental and sustainable development. Moreover, the present study evaluates the role of Fintech (FNT), Green Finance (GFN) and Natural Resource (NTR), in diluting the disparity betweeneconomic and ecological sustainability. The current study explores these relationships through the help of an advanced and recent estimation technique named “Cross-section augmented autoregressive distributed lags (CS-ARDL)”. Through the generated outcome from CS-ARDL, FNT, NTR, and GFN are found to support the Economic Growth (ECG). From the environmental perspective, the role of FNT and GFN was found to be satisfying as they lead to reduced environmental pollution. However, the role of NTR was found to destroy ecological health, which is the validation of the earlier studies but does require careful attention from the concerned authorities. In light of these findings, the Asian governments will be in a better position to identify, devise and select appropriate strategies and policies that will assist in alleviating environmental pollution and strengthening economic development.

The Role of Fintech and Its Influence on Transforming Retailers from Informal Financial Sector to Formal Financial Sector

The Role of Fintech and Its Influence on Transforming Retailers from Informal Financial Sector to Formal Financial Sector

Role of Fintech in Accelerating Financial Inclusion

Sustainable economic growth depends heavily on financial inclusion or the accessibility and availability of financial services to all people and enterprises. Fintech, a combination of finance and technology, produces innovative solutions for people and businesses and has become an effective tool for attaining financial inclusion on a worldwide scale. This article explores the transformative power of Fintech in promoting financial inclusion and focuses on the challenges of adopting Fintech. Global and national leaders must reduce the digital divide between and within nations in order to benefit from digital financial services and create inclusive societies. This will address growing disparities that have arisen during and after the continuing crisis. To ensure adequate competition, it is necessary to strike a balance between promoting financial innovation and mitigating various risks, such as inadequate consumer protection, low financial and digital literacy, uneven access to digital infrastructure, and data biases that require national action. Additionally, money laundering and cyber risks must be addressed through international agreements and information sharing, including on antitrust laws.

The Role of Fintech in Promoting Financial Inclusion to Achieve Sustainable Development: An Integrated Bibliometric Analysis and Systematic Literature Review

The Role of Fintech in Promoting Financial Inclusion to Achieve Sustainable Development: An Integrated Bibliometric Analysis and Systematic Literature Review

The Role Of Fintech In The Retail Market: A Customer Satisfaction Perspective

The Role Of Fintech In The Retail Market: A Customer Satisfaction Perspective

Role of Fintech in Transforming India’s BFSI Sector and Women's Participation

Technological advancements within the BFSI Sector are strategically aimed at providing an elevated and more satisfying user experience for customers globally. This objective is central to the progress of financial technology (Fintech), which undergoes close monitoring and scrutiny. In India, there has been a notable acceleration in the evolution of digital finance, especially following the significant event of the 2016 demonetization of banknotes. This transformative period has led to rapid changes and an increased reliance on digital financial solutions. Sub-technologies within the Fintech landscape play pivotal roles, suggesting a growth trajectory poised to outrun traditional financial models in the coming years. This study comprehensively reviews recent trends within the Indian economy, emphasizing Fintech's profound impact. It also explores the contributions of women in leadership, technical, and managerial positions to India’s Fintech growth.

The Impact of Fintech on China's Corporate Financing Constraints - Analysis based on the perspective of enterprise life cycle

SMEs, as the cornerstone of the real economy, face greater financing difficulties in accessing traditional financial services, which constrains their further development. In recent years, with the rapid development of the digital economy and the continuous innovation of financial technology, new ideas and solutions have been provided to solve the financing difficulties of SMEs. This paper uses the financial and related data of A-share listed companies from 2010-2022 to construct a regression model and a moderating effect model, which are used to analyse the impact of fintech on financing constraints and the moderating role of life cycle in it. The findings of the study show that, on the whole, fintech significantly alleviates the financing constraints of Chinese enterprises, and the degree of financing constraints varies with the life cycle of the enterprises; further analysis of the moderating effect reveals that the life cycle of the enterprises in the growth and decline periods will play a positive moderating role in the financing constraints of the enterprises affected by fintech. After analysing the heterogeneity, it is found that the development of fintech in the eastern region has a stronger role in alleviating the financing constraints of SMEs, and the role of fintech in alleviating the financing constraints of enterprises with a low degree of science and technology is better than that of enterprises with high technology.

Revisiting the resource curse hypothesis from the viewpoint of green growth: The role of Fintech as the de-cursing agent

Conventionally, the resource curse hypothesis highlights the economic growth-inhibiting impacts that are often associated with the expansion of natural resource-based industries. However, not much focus has been given to assessing whether natural resource consumption hinders green growth establishment, as well. Hence, this study makes a novel attempt at evaluating the validity of the resource curse hypothesis from the viewpoint of green growth in the context of selected Sub-Saharan African countries. Notably, this study focuses on whether natural resource abundance upholds green growth in the concerned Sub-Saharan African nations, especially by reducing their annual carbon emission-adjusted economic growth levels. More importantly, this study ascertains whether Fintech development, via the channel of Fintech-based startup financing, can promote green growth in these countries and thereby act as a de-cursing agent for tackling the possible economic and environmental curses imposed by their natural resource sectors. Accordingly, by employing a recently developed two-stage instrumental variable regression method, the resource curse hypothesis is verified from the perspective of green growth establishment. On the other hand, Fintech development is found to not only promote green growth on its own but also act as a de-cursing agent that partially offsets the green growth-impeding effects associated with natural resource consumption. Furthermore, capital accumulation is identified as a green growth-restricting factor while institutional quality improvement is observed to stimulate green growth across the selected Sub-Saharan African countries. Therefore, considering these major findings, a couple of green growth-promoting policy suggestions are put forward.

Role of Fin-tech in Promoting Financial Inclusion in India

Role of Fin-tech in Promoting Financial Inclusion in India