FinTech and Sustainable Development

Abstract

The landscape of the financial industry has witnessed a massive revolution in recent years as a result of the growth of IT. The potential of FinTech innovations is a game changer allowing a scope to align itself to meet the needs of environmental sustainability. The increasing levels of human consumption are unsustainable for the world which needs to be addressed. The world needs to lead the way by rethinking many of its industries which are causing havoc for the survival of ecosystems and ensure that they operate in accordance with the 17 Sustainable Development Goals of the United Nations. The synergy of FinTech and sustainability will help to offer a tradable, measurable, and allocable venue to move citizens towards a sustainable and financially stable future. This chapter aims to justify that the future of finance is FinTech and study the ecosystem of FinTech in India and China to understand its implications, which can help for the development in the financial sector and in making the world a sustainable, habitable planet.