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Harnessing FinTech for Sustainable Finance in Developing Countries: An Integrated SWOT–Multi-Level Perspective Analysis of Mongolia

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Listed:
  • John Yang

    (Business School, Hankuk University of Foreign Studies, Seoul 02450, Republic of Korea)

  • Sang-Uk Jung

    (Business School, Hankuk University of Foreign Studies, Seoul 02450, Republic of Korea)

Abstract

This research paper investigates the potential of FinTech solutions in promoting sustainable finance in Mongolia, an emerging market economy with a burgeoning FinTech landscape. This study explores how Mongolia leverages FinTech innovations to advance sustainable development goals. Utilizing secondary data sourced from Mongolian government agencies, global financial organizations, academic institutions, market research firms, and industry associations, we conducted an integrated SWOT-MLP analysis of Mongolia’s FinTech industry, which includes the FinTech business models, ecosystem, regulatory frameworks, traditional financial institutions, and stakeholders. This study presents a comprehensive analysis of the opportunities and challenges facing Mongolia in integrating FinTech into its sustainable finance agenda, and SWOT-based strategies.

Suggested Citation

  • John Yang & Sang-Uk Jung, 2024. "Harnessing FinTech for Sustainable Finance in Developing Countries: An Integrated SWOT–Multi-Level Perspective Analysis of Mongolia," Sustainability, MDPI, vol. 16(10), pages 1-24, May.
    • Handle: RePEc:gam:jsusta:v:16:y:2024:i:10:p:4102-:d:1394190
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    References listed on IDEAS

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