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The FinTech Dividend: How Much Money Is FinTech Likely to Mobilize for Sustainable Development?

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  • Michael, Bryane

Abstract

FinTech offers a new way to mobilize resources for all kinds of uses – including for funding sustainable development. Roughly 3%-13% of funding required for the UN’s Sustainable Development Goals (SDGs)– or around $50 billion to $125 billion -- could come from a ‘FinTech Dividend.’ Such a dividend derives from the use of FinTech platforms to increase savings and investment (overall), channel resources into publicly funded as well as privately-funded SDG-related activities and policies, and encourage the use of internet platforms, which deliver novel goods and services that relate to the seventeen SDGs. Less than half of UN members have FinTech laws and policies – making FinTech a ripe area for right-regulating. Unfortunately, in areas like institutional reform – no amount of money can guarantee achieving the SDGs, without wider legal and administrative reforms. And no clear data about the exact policies needed to help grow an economy (or pay for SDG spending) serve as any guide. With total investment in FinTech stuck at around $150 billion to $200 billion – the hoped for deluge of FinTech dollars on SDG activities may remain a trickle for years to come.

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  • Michael, Bryane, 2020. "The FinTech Dividend: How Much Money Is FinTech Likely to Mobilize for Sustainable Development?," EconStor Research Reports 216745, ZBW - Leibniz Information Centre for Economics.
    • Handle: RePEc:zbw:esrepo:216745
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    References listed on IDEAS

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    1. Chuanman You, 2018. "Recent Development of FinTech Regulation in China: A Focus on the New Regulatory Regime for the P2P Lending (Loan-based Crowdfunding) Market," Capital Markets Law Journal, Oxford University Press, vol. 13(1), pages 85-115.
    2. Cynthia Weiyi Cai, 2018. "Disruption of financial intermediation by FinTech: a review on crowdfunding and blockchain," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 58(4), pages 965-992, December.
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    Cited by:

    1. Ivanka Vasenska & Preslav Dimitrov & Blagovesta Koyundzhiyska-Davidkova & Vladislav Krastev & Pavol Durana & Ioulia Poulaki, 2021. "Financial Transactions Using FINTECH during the Covid-19 Crisis in Bulgaria," Risks, MDPI, vol. 9(3), pages 1-28, March.

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    More about this item

    Keywords

    FinTech Dividend; SDG funding; FinTech Law; #FinTech4SDGs;
    All these keywords.

    JEL classification:

    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • K24 - Law and Economics - - Regulation and Business Law - - - Cyber Law
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development

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