Overview

Financial Innovation for Global Sustainability provides essential insight and practical strategies for navigating the evolving landscape of sustainable finance to demonstrate how FinTech can drive environmental sustainability and promote inclusive economic growth. Financial Innovation for Global Sustainability centers on the integration of financial technology (FinTech) with sustainable development and inclusive economic growth. This volume delves into how FinTech can be leveraged to promote environmental sustainability, enhance financial inclusion, and support equitable economic development. The content will explore various aspects of sustainable finance, including green finance, digital financial services, and the role of innovation in driving sustainability within the financial sector. A multi-disciplinary approach draws insights from finance, economics, technology, and environmental studies and features empirical research, case studies, theoretical analyses, and policy discussions. This book will not only discuss current trends and innovations in sustainable FinTech but critically analyze challenges, regulatory hurdles, and ethical considerations. In essence, the book will serve as a comprehensive resource on sustainable financial innovation, offering insights into how FinTech can be a catalyst for positive change in the global financial landscape. Sustainable FinTech sits at the intersection of financial innovation, environmental sustainability, and social equity, reflecting a broader shift in how industries and disciplines are evolving to address the complex challenges of the 21st century. Financial Innovation for Global Sustainability situates itself within this critical discourse, offering a comprehensive exploration of how FinTech can be harnessed to lead the charge towards a sustainable and inclusive future.

Full Product Details

Author:   Mohd Afjal (Vellore Institute of Technology, India) ,  Ramona Birau (Constantin Brancusi University, Romania)
Publisher:   John Wiley & Sons Inc
Imprint:   Wiley-Scrivener
ISBN:  

9781394311651

ISBN 10:   1394311656
Pages:   640
Publication Date:   17 June 2025
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   Awaiting stock  
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Table of Contents

Preface xxv 1 Connecting the Unconnected--Taking the Financial Services to the Last Mile Through Digital Infrastructure 1 C.P. Somasundaran, Mohd. Danish Chishti, Abdullah Bin Junaid and Rakesh Guglani 1.1 Introduction 2 1.2 Literature Review 3 1.3 Methodology 12 1.4 Research Results 12 1.5 Discussion 12 1.6 Recommendation 19 1.7 Conclusion 20 2 Factors Affecting Digital Financial Inclusion in South Asia: What Does Global Findex-2021 Imply? 25 Jivan Biradar and Antarpreet Kaur Kalra 2.1 Introduction 26 2.2 Review of Literature 29 2.3 Research Method and Data Sources 34 2.4 Findings and Analysis 37 2.5 Conclusion 46 3 Predictive Analytics to Reveal the Fintech Transformation via Digital Payments Trends, Experience, and Challenges 51 Vinoth S. and Gopalakrishnan Chinnasamy 3.1 Introduction 52 3.2 Literature Review 53 3.3 Research Methodology 62 3.4 Findings and Conclusion 73 4 Financial Inclusion Through Digital Means: A Crucial Pathway to Sustainable Development 81 Jannatul Ferdous 4.1 Introduction 82 4.2 The Background and Definition of Digital Financial Inclusion 84 4.3 The Role of Digital Financial Inclusion in Meeting the SDGs 86 4.4 Conclusion 95 5 Principles and Frameworks for Sustainable Finance: A Pathway to Global Sustainability 103 Bandna, Priyanka Koundal, Ilias Hussain, Mushtaq Ahmad Shah and Minie Bhalla 5.1 Introduction 104 5.2 Review of Literature 104 5.3 Research Methodology 105 5.4 Data Analysis and Discussion 105 5.5 Conclusion 127 6 Nexus of Comprehensive Growth and Development Parameters: A Detailed Analysis Concerning BRICS Countries 141 Aarti Suryavanshi, Akash Kumar Baikar, Madhu Ruhil and Bijay Prasad Kushwaha 6.1 Introduction 142 6.2 Literature Review 144 6.3 Research Methodology 147 6.4 Data Analysis and Interpretation 148 6.5 Discussion 153 6.6 Implications of the Study 154 6.7 Conclusion 155 7 Understanding Sustainable Finance: Evaluating Current Frameworks and Potential Policy Risks 161 Suzan Dsouza 7.1 Introduction 162 7.2 Sustainable Finance Background: Prevailing Framework Review and Conceptual Explanation 165 7.3 Sustainable Finance 169 7.4 Primary Risks Associated with Defining Sustainable Finance 172 7.5 Conclusion 176 8 Cryptocurrency and Financial Innovation: Unveiling the Motivators Behind Cryptocurrency Investment Intentions in Malaysia 181 Mosharrof Hosen, Sia Sui King, Ooi Hui Ting and Hassanudin Bin Mohd Thas Thaker 8.1 Introduction 182 8.2 Literature Review 183 8.3 Methodology 188 8.4 Result 195 8.5 Conclusion and Policy Implications 199 9 Reducing the Carbon Footprint of Transactions: The Environmental Impact of Technological Innovation in Finance 203 Bakir Illahi Dar and Shweta Jaiswal 9.1 Introduction 204 9.2 Traditional Financial Systems and their Environmental Impact 206 9.3 Technology Advancement in Finance and Its Impact on the Environment 207 9.4 Environmental Benefits of Digital Finance 209 9.5 Understanding the Carbon Footprints in Financial Transactions 210 9.6 Relationship Between Financial Development and Carbon Emissions 212 9.7 Challenges in Reducing Carbon Footprint in Financial Activities 214 9.8 Conclusion 216 9.9 Policy Implications 217 10 Volatility Spillover Effect of Green Finance with Renewable Energy and Cryptocurrency Market 227 Jasvinder Kaur, Kamaljit Singh and Amritha L.J. 10.1 Introduction 228 10.2 Review of Literature 230 10.3 Data and Methodology 233 10.4 Empirical Results and Discussion 236 10.5 Conclusions and Recommendations 244 11 Personalization in the FinTech Age: From Mass Marketing to Micro-Targeting 249 Mohamed Iliyas A. and Praveen Kumar K. 11.1 Introduction 250 11.2 Fintech and Marketing Evolution 250 11.3 Micro-Targeting in Fintech 252 11.4 Benefits of Personalized Marketing 256 11.5 Financial Inclusion through Personalization 259 11.6 Ethical Considerations 261 11.7 Technological Advancements 263 11.8 Practical Implications for Fintech Companies 267 11.9 Benefits of Personalization and Micro-Targeting in Fintech 270 11.10 Implementing Micro-Targeting and Personalization Strategies for Fintech Companies 271 11.11 Case Studies 273 11.12 Conclusion 276 12 Social Entrepreneurship Program as a Sustainable Business Model to Achieve Financial Inclusion for Poor Families in Indonesia 281 Badrun Susantyo, Hari Harjanto Setiawan and Abdullah 12.1 Introduction 282 12.2 The Rationale of the Study 286 12.3 Methodology 288 12.4 Results and Discussion 290 12.5 Conclusion 300 13 Bridging the Digital Divide: Leveraging Technological Innovations for Inclusive and Sustainable Finance 305 Abhijit Ghosh and Ankita Bhatia 13.1 Introduction 306 13.2 The Current State of Digital Financial Inclusion 311 13.3 Sustainable Innovations in Digital Finance 313 13.4 Overcoming Challenges for Sustainable Digital Financial Inclusion 318 13.5 Regulatory Frameworks and Policy Implications for Sustainability 320 13.6 Sociocultural Dynamics and Community Engagement 323 13.7 Case Studies: Global Successes in Digital Financial Inclusion 325 13.8 Future Directions and Strategic Recommendations 328 13.9 Areas for Further Research 329 13.10 Conclusion 331 14 Customer Acceptance of Sustainable Fintech Innovation: A Study from an Indian Customer Perspective 337 Pinnika Syam Yadav, P.B. Narendra Kiran, Abhishek Sharma, Rajesh Vemula and Ankitha Shrama 14.1 Introduction 338 14.2 Literature Review 340 14.3 Research Methodology 343 14.4 Results 343 14.5 Discussion and Conclusion 352 15 Green Finance and Sustainability: Landscape of Indian Financial Institutions 359 Hridhya P. K., Kavitha Desai, Sriram Ananthan, Thirupathi Manickam, Devaraja Nayaka K. and Joel Jebadurai D. 15.1 Introduction 360 15.2 Review of Literature 363 15.3 Green Finance Instruments 365 15.4 Current Landscape of Green Finance in India 367 15.5 Case Studies 368 15.6 Regulatory Framework and Government Initiatives 371 15.7 Green Taxonomy 373 15.8 Challenges in Green Finance 377 15.9 Future of Green Finance in India 379 15.10 Conclusions 380 16 Exploring the Future of Sustainable Finance: Trends, Challenges, and Opportunities 385 Chandni Keswani and Shyam Sunder Agrawal 16.1 Introduction 386 16.2 Review of Literature 396 16.3 Methodology 398 16.4 Current Trends in Sustainable Financing 399 16.5 Role of Artificial Intelligence and Machine Learning in Sustainable Finance 400 16.6 Challenges in Adopting Sustainable Finance 403 16.7 Opportunities in Sustainable Financing 405 16.8 Conclusion 406 16.9 Implications 407 17 Enhancing Financial Inclusion: The Role of Digital Knowledge and Well-Being in Fintech Use 411 Priya K.M. and S. Saravanakumar 17.1 Introduction 412 17.2 Literature Review and Research Hypotheses 415 17.3 Research Methodology 418 17.4 Results and Discussion 420 17.5 Theoretical Implications 424 17.6 Managerial Implications 425 17.7 Conclusion 425 18 Analyzing the Causal Relationship Between Bitcoin Trade and Environmental Quality in the United States 431 G. Nwokike Ike, D. Ugochukwu Ike and A. Akhlaghi Mofrad 18.1 Financial Innovations, Bitcoin, and Environmental Quality 432 18.2 Environmental Effects of Bitcoin Mining: Some Background 434 18.3 Past Studies: Financial Innovations and Environmental Quality 435 18.4 Data and Methodology 437 18.5 Empirical Results 442 18.6 Conclusion and Policy Implications 451 18.7 Direction for Future Studies 454 19 SHG Women-Promoted MSMEs' FinTech Adoption: Impact on Sustainable Financial Performance with Innovation Practices as a Mediator 457 Ramamurthy Bedaduri, Rajesh Mamilla and K. Reddy Praneeth 19.1 Introduction 458 19.2 Review of Literature and Hypotheses Development 460 19.3 Research Methodology 464 19.4 Assessment of Measurement Model 468 19.5 Analysis Findings and Discussion 481 19.6 Implications 484 19.7 Conclusions 485 20 Environmental, Social, and Governance (ESG) Investing: Pioneering Change for a Sustainable and Resilient Tomorrow 495 N. Singhal, S. Goyal, M. Khan, T. Singhal and M. Afjal 20.1 Introduction to ESG Investing: Embracing Sustainability in Financial Markets 496 20.2 Evolution of ESG Investing: Navigating the Evolving Landscape 498 20.3 Principles of ESG Investing 500 20.4 What Makes ESG Integration a Game Changer in Investment Decisions 502 20.5 Navigating the ESG Investing: Elements Driving Transformative Changes in Financial Markets 506 20.6 ESG Integration Frameworks: Sustainable Finance Complexity 514 21 AI for Sustainable Finance: Driving Innovation and Ethical Growth 529 N. Singhal, S. Goyal, M. Khan and T. Singhal 21.1 Introduction 529 21.2 How Can Artificial Intelligence Advance Sustainable Finance? 532 21.3 AI Technologies in Sustainable Finance 543 21.4 Bridging the Perception-Implementation Gap 551 21.5 Ensuring Ethical Use of AI in Sustainable Finance 554 21.6 Conclusion 557 22 Support Vector Machines in Stock Price Prediction: A Review 561 Sulaiman Abdullah Saif Alnasser Mohammed 22.1 Introduction 562 22.1.1 The Literature Gaps 564 22.2 Methodology 564 22.3 Literature Review 565 22.4 Results and Analysis 569 22.5 The Proposed Hyped Model 572 22.6 Conclusion 574 22.7 Limitations and Recommendations for Future Research 575 23 Technological Confluence: An In-Depth Analysis of the Nexus Between Blockchain, Artificial Intelligence, and Emerging Technologies in Facilitating Green Financial Solutions 579 Mohammad Juned and Faisal Usmani 23.1 Introduction 580 23.2 Technological Advancements Driving Green Finance Innovation 585 23.3 Synergies Between Blockchain and AI for Sustainable Financial Solutions 590 23.4 Transforming Industries: Efficiency, Cost Reduction, and Enhanced Outcomes 591 23.5 Conclusion 593 References 594 About the Editors 599 Index 601

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Author Information

Mohd Afjal, PhD is an assistant professor in the Business School at the Vellore Institute of Technology with over six years of teaching experience. He has an impressive portfolio of publications with 21 scholarly papers in renowned journals, as well as two book chapters. He also serves as a reviewer for high-impact factor journals in finance and sustainability. His teaching interests encompass financial management, economic analysis, investment management, and financial modelling. Ramona Birau, PhD is a lecturer for the Faculty of Education Science, Law, and Public Administration at Constantin Brancusi University with over ten years of experience. She has published over 100 research papers in journals and conferences and authored four books. In addition, she is the Editor in Chief of two international journals. Her research interests include financial markets, economics, cybernetics and statistics, quantitative finance, financial econometrics, management, behavioral psychology, economic sociology, and management.

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