Nitin Patwa, Rajsekhar Kar, Sneha Samuel, and Roshni Paul
Background: Numerous technological and managerial innovations have emerged in response to modern environmental concerns. In the era of digital transformation and sustainable finance, fintech has evolved as an alternative to traditional financial institutions. By leveraging advanced technologies, Fintech offers innovative solutions that align financial services with sustainability goals.
Purpose: This paper aims to explore the relationship between Fintech and sustainability by analyzing various areas of collaboration between Fintech and sustainable finance. The study also examines how emerging fintech innovations—such as artificial intelligence, blockchain technology, big data and analytics, IoT (Internet of Things), and digital payments—enhance sustainability.
Methods: A theoretical and descriptive approach is used in this study, relying on a comprehensive review of relevant literature, case studies, and research papers. The analysis highlights key innovations in financial technology that have the potential to support sustainability initiatives.
Results: The findings indicate that fintech and sustainable finance share numerous synergies. Fintech plays a significant role in promoting green finance, enhancing transparency, and increasing financial inclusion. Technological innovations have demonstrated their potential to mobilize financial resources more effectively for sustainable development and climate change mitigation.
Conclusion: Achieving sustainable development goals (SDGs) and addressing climate change challenges require accelerated financial innovation. Fintech has emerged as a critical enabler in this regard. However, fostering Fintech-driven sustainability solutions demands a deeper understanding of innovation processes, the factors influencing them, and the interplay between individual actors, organizational dynamics, and the external social environment. Encouraging and facilitating fintech innovations will be essential in making the financial sector more sustainable.