How do FinTech companies contribute to the achievement of SDGs? Insights from case studies

R. Carè, I.A. Boitan and R. Fatima

Research in International Business and Finance, 2023, vol. 66, issue C

Abstract: This study adopts an exploratory and inductive approach, employing grounded theory and multiple-case study methodology to examine how FinTech companies contribute to achieving Sustainable Development Goals (SDGs). Two main categories of findings emerge, with theoretical and practical implications. First, we provide insights into the direct and indirect contributions of selected FinTech companies to SDG achievement through eight propositions. Financial value precedes social/environmental value, with mutual reinforcement between financial and social goals. The mission, objectives, and target markets of FinTech companies determine the specific SDGs they address. Second, our findings emphasize the need to reconsider classical FinTech business models by aligning technology with societal and environmental added value. We propose an "Impact FinTech" model where technology serves the delivery of social or environmental value to local communities. This study recognizes the limitations inherent in case selection, data collection, and analysis associated with the multiple case study approach, which should be considered in future research.

Keywords: FinTech; Sustainable development goals; Social impact; Environmental impact; Case study (search for similar items in EconPapers)
JEL-codes: C83 O31 Q55 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:riibaf:v:66:y:2023:i:c:s0275531923001988

DOI: 10.1016/j.ribaf.2023.102072

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