FinTech and sustainable development: A systematic thematic analysis using human- and machine-generated processing

Morshadul Hasan; Ariful Hoque; Mohammad Zoynul Abedin; Dominic Gasbarro

doi:10.1016/j.irfa.2024.103473

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FinTech and sustainable development: A systematic thematic analysis using human- and machine-generated processing

Journal article

Open access

Peer reviewed

FinTech and sustainable development: A systematic thematic analysis using human- and machine-generated processing

Morshadul Hasan, Ariful Hoque, Mohammad Zoynul Abedin and Dominic Gasbarro

International review of financial analysis, Vol.95(Part: C), 103473

2024

DOI: https://doi.org/10.1016/j.irfa.2024.103473

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International Review of Financial Analysis- Scopus Q1 (Economics, Econometrics and Finance Category)

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Article's Field Weighted Citation Index (FWCI)

Abstract

Access to finance

CO2 reduction

Economic growth

Financial literacy

FinTech

Human processing

Machine processing

Poverty eradication

Sustainable development

We conducted a systematic literature review (SLR) by integrating FinTech with the the United Nations' (UN) Sustainable Development Goals (SDGs). By focusing on three dimensions (inclusive finance, economy, and environment), we identify how FinTech may influence sustainable development. We innovate using human- and machine-generated processing to develop themes, making systematic literature reviews more objective and advancing replicability and reproducibility. This study demonstrates the contribution of FinTech in expanding the investment opportunity set by including environmental projects and increasing the diversity and participation rates of savers and lenders. Through this process, FinTech increases its market completeness. Accordingly, FinTech can increase economic growth by achieving higher productivity and sustainable growth through diversification, technological upgrades, entrepreneurship, creativity, and innovation. Additionally, FinTech can accelerate investments in poverty eradication and reduce income inequality. These contributions are aligned with specific SDGs and show that FinTech is an appropriate new technology for financial services.

Details

Title: FinTech and sustainable development: A systematic thematic analysis using human- and machine-generated processing
Authors/Creators: Morshadul Hasan - Murdoch University
Ariful Hoque - Murdoch University, College of Business
Mohammad Zoynul Abedin - Swansea University
Dominic Gasbarro - Murdoch Business School, Murdoch University, Australia
Publication Details: International review of financial analysis, Vol.95(Part: C), 103473
Publisher: Elsevier Inc
Identifiers: 991005692868907891
Murdoch Affiliation: Murdoch Business School
Language: English
Resource Type: Journal article

UN Sustainable Development Goals (SDGs)

This output has contributed to the advancement of the following goals:

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