Affiliation:
1. Graphic Era University, India
Abstract
FinTech has the potential to play a significant role in promoting sustainability. FinTech can help to drive positive change in the areas of environment, society, and governance. The circular economy is a model that practices the concept of sustainable use of resources. The process is being slowed down by technological issues (such as the need to minimize energy use) and regulatory ambiguities surrounding various innovative business models, but it is encouraging that debates have already begun on this subject. It is time for a fresh, practical strategy that makes use of the most formidable tool we currently have: private capital. A growing number of investors in the worldwide market shows desire in sustainable investments and a candidness to innovative investment approaches. However, global issues like poverty and climate change continue to be urgent. This study will contribute to the growing literature on the intersection of finance, technology, and sustainability and highlights the potential of FinTech to drive positive social and environmental impact.