The Role of FinTech in Driving Sustainable Development: A Review of Recent Advancements (2020–2024)
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Abstract
Financial services are going through an enormous change due to the rapid growth of financial technology, or fintech, which is encouraging innovation and sustainability. Ten recent studies (2020–2024) that look at the varied impacts of fintech technologies on sustainable development are summarized in this quick summary. The use of blockchain to boost efficiency and transparency, the development of digital payment methods for financial inclusion, and the rise of green fintech solutions for environmental sustainability are all significant themes. This study also highlights the revolutionary effects that machine learning and artificial intelligence are having on risk management and customized financial services. Collectively, these studies highlight how critical fintech is to enabling a sustainable future by promoting ethical financial practices, enhancing financial accessibility, and minimizing environmental consequences. This assessment highlights the fintech industry's potential to serve the Sustainable Development Goals (SDGs) of the UN by providing an in-depth review of current trends, obstacles, and forthcoming developments within the sector.
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