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Developments in Financial Technologies for Achieving the Sustainable Development Goals (SDGs): FinTech and SDGs

Developments in Financial Technologies for Achieving the Sustainable Development Goals (SDGs): FinTech and SDGs
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Author(s): Thinh Gia Hoang (School of Business and Management, RMIT University, Vietnam), Giang Ngo Tinh Nguyen (Faculty of Business and Law, The University of Newcastle, Callaghan Campus, Australia & School of Business and Management, RMIT University, Ho Chi Minh City, Vietnam) and Dat Anh Le (Asia Commercial Bank, Vietnam & Centre for Applied Economics and Business Research, Hanoi, Vietnam)
Copyright: 2022
Pages: 19
Source title: Disruptive Technologies and Eco-Innovation for Sustainable Development
Source Author(s)/Editor(s): Ulas Akkucuk (Boğaziçi University, Turkey)
DOI: 10.4018/978-1-7998-8900-7.ch001

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Abstract

The Sustainable Development Goals (SDGs) can be seen as the critical goal for every country in the world. In this vein, a stable global financial system is needed these days to satisfy its duty to boost the private capital mobilisation to achieve sustainable development and steady economic growth. Nevertheless, several obstacles limiting such financial mobilisation have been identified by scholars, practitioners, and standard setters. Recently, digital transformation and advancement, specifically in the finance sector, include a wide range of technological developments, and applications such as blockchain, internet of things, big data, artificial intelligence are promised to enhance performance in the financial sector. The potential of digital applications in the finance sector to resolve critical obstacles in financing for inclusive and sustainable growth becomes evident. This chapter aims to provide a summary and a detailed discussion of the latest developments in financial technologies that both facilitate the SDGs and also contribute to future sustainable international business.

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