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Fintech and the Evolution in Financial Inclusion

In: The Palgrave Handbook of Development Finance

Author

Listed:
  • Rashmi Arora

    (University of Bradford)

Abstract

Financial inclusion has assumed increased importance in the recent years. Financial inclusion is also high on the agenda of the UN 2030 Agenda for Sustainable Development and has been considered as a key enabler for seven out of 17 Sustainable Development Goals. Despite several efforts by the governments to increase financial inclusion, globally 1.4 billion people still remain unbanked. The recent years have also witnessed an increasing role being played by the technology in the financial sector. Fintech using artificial intelligence, cloud computing and big data can overcome the problems of asymmetric information and increase financial inclusion. In this chapter through the lens of literature, we examine the role of fintech in the evolution of financial inclusion.

Suggested Citation

  • Rashmi Arora, 2025. "Fintech and the Evolution in Financial Inclusion," Springer Books, in: George Kararach & Emmanuel Pinto Moreira & Victor Murinde (ed.), The Palgrave Handbook of Development Finance, chapter 0, pages 355-369, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-77422-5_18
    DOI: 10.1007/978-3-031-77422-5_18
    as

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