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FinTech and Sustainable Development: A Comparitive Study of Indian and Chinese FinTech Ecosystems
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Author(s): Manish Ramamohan (Center for Management Studies, Jain University (Deemed), India), Mehak Mehta (Center for Management Studies, Jain University (Deemed), India)and Sunitha B. K. (Center for Management Studies, Jain University (Deemed), India)
Copyright: 2021
Pages: 20
Source title:
Handbook of Research on Financial Management During Economic Downturn and Recovery
Source Author(s)/Editor(s): Nuno Miguel Teixeira (Center for Research in Business and Administration, School of Business Sciences, Polytechnic Institute of Setúbal, Portugal)and Inês Lisboa (CARME, School of Management and Technology, Polytechnic of Leiria, Portugal)
DOI: 10.4018/978-1-7998-6643-5.ch018
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Abstract
The landscape of the financial industry has witnessed a massive revolution in recent years as a result of the growth of IT. The potential of FinTech innovations is a game changer allowing a scope to align itself to meet the needs of environmental sustainability. The increasing levels of human consumption are unsustainable for the world which needs to be addressed. The world needs to lead the way by rethinking many of its industries which are causing havoc for the survival of ecosystems and ensure that they operate in accordance with the 17 Sustainable Development Goals of the United Nations. The synergy of FinTech and sustainability will help to offer a tradable, measurable, and allocable venue to move citizens towards a sustainable and financially stable future. This chapter aims to justify that the future of finance is FinTech and study the ecosystem of FinTech in India and China to understand its implications, which can help for the development in the financial sector and in making the world a sustainable, habitable planet.
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