Fintech and Sustainability: An Overview

Thomas Walker (), Harry J. Turtle (), Maher Kooli () and Elaheh Nikbakht ()
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Thomas Walker: Concordia University
Harry J. Turtle: Colorado State University
Maher Kooli: Université du Québec à Montréal
Elaheh Nikbakht: Concordia University

Chapter Chapter 1 in Fintech and Sustainability, 2023, pp 3-9 from Springer

Abstract: Abstract Financial institutions have, in recent years, increasingly begun to rely on the use of financial technologies (fintech) to provide more efficient and convenient services. Adapting to fintech innovations brings new challenges and opportunities. At the same time, sustainable finance has become the subject of interest for academics and practitioners alike. Both directly and indirectly, fintech be used to improve sustainability and influence policies and regulations. Issues such as climate change, water pollution, and non-renewable resource management can all be addressed in innovative ways with fintech. Unfortunately, as with any new technology, these innovations also present new challenges and environmental risks that need to be carefully monitored and controlled. Thus, fintech and its application in sustainability is a double-edged sword that calls for both consideration and caution. This book aims to provide an overview of various fintech applications with an analysis of how fintech will influence the future of sustainable finance. In this introductory chapter, we explore sustainability and sustainable finance, why they are important, and how fintech can be a catalyst for meaningful change. In addition, we offer a summary of the eleven chapters of this collection.

Keywords: Fintech; Sustainable Finance; Climate Change; Water Pollution; Environmental; Social; and Governance (ESG) Factors (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-40647-8_1

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DOI: 10.1007/978-3-031-40647-8_1

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