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AI for Sustainable Development: Fostering Financial Inclusion in Developing Countries for Accomplishing the UN's SDGs
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Author(s): Monika Chandel (Central University of Himachal Pradesh, India)and Rahul Kaundal (Central University of Himachal Pradesh, India)
Copyright: 2027
Pages: 22
Source title:
Encyclopedia of Modern Artificial Intelligence
Source Author(s)/Editor(s): Mehdi Khosrow-Pour, D.B.A. (Founding Editor-in-Chief, Information Resources Management Journal (IRMJ), USA)
DOI: 10.4018/407625
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Abstract
The potential of AI resides in its capacity to leverage data, streamline processes, and ignite innovation, making it an essential foundation in pursuit of global advancement. With the intersection of innovation and financial sustainability, there is a growing need to take action to progress towards a future characterised by adaptability, environmental consciousness, and collective prosperity to foster financial inclusion and achieve various UN SDGs by 2030. The article tries to explain the intersection of AI and financial inclusion, starting with an overview of the UN Sustainable Development Goals and the significance of financial inclusion in achieving the SDGs. Next, it highlights the role of AI technologies across industries in promoting financial inclusion. Finally, the article provides some policy implications and recommendations for future research prospects in this area, emphasising the significant impact of AI in promoting financial inclusion and accelerating progress towards the attainment of the United Nations SDGs in developing nations.
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