How is fintech transforming the financial sector?

The ongoing digitization of financial services and money creates opportunities to build more inclusive and efficient financial services and promote economic development. Fintech is transforming the financial sector landscape rapidly and is blurring the boundaries of both financial firms and the financial sector.

Can FinTech tools reduce environmental and human health damage?

These results highlight the importance of fintech tools that can help limit damage to environmental and human health. Table 5a. Descriptive statistics. Variable

How can fintech help OECD countries?

For example, crowdfunding can help raise money for renewable energy projects. In the OECD region, markets and products should be developed to promote financial technologies. In South Asia, blockchain and other fintech tools can help achieve improved utilisation of valuable resources such as the aid received by these countries.

Does fintech affect green growth?

This finding is supported by earlier research that has found a positive impact of fintech application on green growth (Tao et al., 2022). Population growth can have a negative or positive impact on green growth. Past research has found that growth in population increases carbon emissions that damage the natural environment (Nasreen et al., 2017).