The Role of Artificial Intelligence in FinTech as a Catalyst of the Economic Growth Drive in Africa DOI
Ranson Sifiso Gwala,

Shaherbano Ijaz

Advances in finance, accounting, and economics book series, Journal Year: 2023, Volume and Issue: unknown, P. 77 - 95

Published: Sept. 5, 2023

The purpose of this research was to examine the effects artificial intelligence financial technology (FinTech), digitisation, and growing influence fourth industrial revolution in Africa as a catalyst for economic growth. This study used desktop literature review approach on latest peer reviewed journal articles how digitalisation is influenced by Africa. findings confirmed that FinTech are ongoing processes taking shape daily African continent led traditional institutions new startup companies. disrupted players who using simplify complexity banking system. fuelled newly available technologies uses provide better speedier services. However, there also gap between poor rich, well extent which access benefit from quantum leap due inhibitors

Language: Английский

LEVERAGING AI AND DATA ANALYTICS FOR ENHANCING FINANCIAL INCLUSION IN DEVELOPING ECONOMIES DOI Creative Commons

Omotayo Bukola Adeoye,

Wilhelmina Afua Addy,

Adeola Olusola Ajayi-Nifise

et al.

Finance & Accounting Research Journal, Journal Year: 2024, Volume and Issue: 6(3), P. 288 - 303

Published: March 9, 2024

Financial inclusion, defined as the access and usage of financial services by all individuals businesses, is critical for fostering economic development reducing poverty, particularly in developing economies. However, significant portions population these regions remain underserved or excluded from formal systems. Leveraging artificial intelligence (AI) data analytics presents a promising avenue addressing challenges exclusion advancing inclusion This Review explores role AI enhancing inclusion. Firstly, technologies such machine learning natural language processing enable analysis vast datasets to identify patterns, behaviors, creditworthiness small thereby facilitating more accurate risk assessment decision-making institutions. Additionally, AI-powered chatbots virtual assistants offer personalized guidance support, improving accessibility marginalized populations who may have limited literacy traditional banking channels. Moreover, plays crucial expanding providing insights into customer preferences, spending habits, transaction histories. By harnessing insights, service providers can tailor their products better meet diverse needs communities, increasing uptake services. Furthermore, enables alternative credit scoring models that leverage non-traditional sources mobile phone utility payments, allowing with histories on favorable terms. several must be addressed fully realize potential These include concerns related privacy security, ensuring fairness transparency algorithms, bridging digital divide ensure equitable technology-enabled In conclusion, leveraging holds promise power technologies, policymakers, institutions, other stakeholders work towards building inclusive resilient systems empower businesses participate economy. Keywords: AI, Data Analytics, Inclusion, Developing Economies, Leveraging.

Language: Английский

Citations

18

FinTech revolution in mineral management: Exploring the nexus between technology adoption and sustainable Resource utilization in an industry 4.0 context DOI Creative Commons
Yuanyuan Xu, Abdelmohsen A. Nassani, Muhammad Moinuddin Qazi Abro

et al.

Heliyon, Journal Year: 2024, Volume and Issue: 10(3), P. e24641 - e24641

Published: Jan. 19, 2024

This study investigates the impact of FinTech adoption on sustainable mineral management policies in Australia within context Industry 4.0, using quarterly data from 1990Q1 to 2022Q4. Employing ARDL-Bounds testing approach, Granger causality analysis, and innovation accounting matrix, research finds a short-term positive association between adoption, technological readiness, green extraction. However, both short long run, investment mining technologies, government support for mining, environmental compliance exhibit negative relationship with resource management. Bidirectional is observed regulatory FinTech, finance solutions, environmentally conscious practices, while unidirectional exists practices. Impulse response functions offer insights into future variables eco-conscious policies, indicating influences adaptability over next decade. Conversely, eco-friendly investments, conformity, social license operate will utilization. Variance decomposition analysis highlights most significant shocks ten years, emphasizing role public endeavours. In transition this provides crucial responsibly utilizing Australia's natural resources by leveraging financial technology readiness.

Language: Английский

Citations

16

Natural resources, digital financial inclusion, and good governance nexus with sustainable development: Fuzzy optimization to econometric modeling DOI Creative Commons
Yongming Huang, Mohd Shuaib, Md. Mominur Rahman

et al.

Natural Resources Forum, Journal Year: 2024, Volume and Issue: unknown

Published: Aug. 19, 2024

Abstract This study aims to investigate the complex interplay between natural resources, digital financial inclusion, good governance, and sustainable development outcomes, employing a hybrid methodological approach which combines fuzzy‐set qualitative comparative analysis (fsQCA), necessary condition (NCA), econometric modeling. Drawing on data from 18 countries spanning 2013–2019, unravels impact of these factors (SD) explores moderating role governance. The findings reveal positive effects governance SD, with quality enhancing relationship inclusion outcomes. However, does not significantly moderate link resources sustainability, illustrates need for tailored approaches in resource‐dependent contexts. Theoretical implications highlight relevance institutional theory understanding dynamic nature processes, while practical offer actionable insights foster holistic resilient pathways development. Thus, contributes advancing our intricate relationships shaping SD outcomes informs evidence‐based policy interventions this critical domain.

Language: Английский

Citations

9

The optimal inflation threshold in digital financial inclusion: a key to sustainable development DOI
Dinh Le Quoc

SN Business & Economics, Journal Year: 2025, Volume and Issue: 5(5)

Published: April 4, 2025

Language: Английский

Citations

1

Prospective Areas of Digital Economy in the Context of ICT Usages: An Empirical Study in Bangladesh DOI Creative Commons
Mohammad Rakibul Islam Bhuiyan, K. M. Salah Uddin, Md Noor Uddin Milon

et al.

FinTech, Journal Year: 2023, Volume and Issue: 2(3), P. 641 - 656

Published: Sept. 9, 2023

The objective of this study is to assess the current and future potential digital economy in Bangladesh, with goal fostering national development prosperity by year 2041. Concurrently, examines various aspects through lens Fourth Industrial Revolution emerging technologies, specifically focusing on utilization information communication technology (ICT) Bangladesh. methodology section employs a qualitative approach ascertain research objectives, utilizing secondary data. purpose provide an overview contemporary status economy, trends that have significant impact gross domestic product (GDP). Companies individuals possess understanding which has mitigate divide establish robust connection between economy. contributes more thorough Bangladesh ranked 40th out 193 nations at present; advancement it will move up 24th place 2034. Future can perhaps be expanded adopting explore concept smart

Language: Английский

Citations

17

Quantum Cryptography and Blockchain-Based Social Media Platforms as a Dual Approach to Securing Financial Transactions in CBDCs and Combating Misinformation in U.S. Elections DOI Open Access

Arashi Ajayi,

Igba Emmanuel,

Adesola Dorcas Soyele

et al.

International Journal of Innovative Science and Research Technology (IJISRT), Journal Year: 2024, Volume and Issue: unknown, P. 1409 - 1426

Published: Nov. 4, 2024

This paper explores the integration of quantum cryptography and blockchain technology to address two pressing challenges: securing financial transactions in Central Bank Digital Currencies (CBDCs) combating spread misinformation during U.S. elections through decentralized social media platforms. As computing advances, traditional encryption methods may become obsolete, posing significant risks digital systems. Quantum cryptography, with its quantum-resistant algorithms, offers enhanced protection for CBDC transactions, ensuring long-term security privacy. Simultaneously, blockchain-based platforms provide a structure that can prevent dissemination false information by transparency authenticity cryptographic verification consensus mechanisms. These also facilitate identity management, empowering users verify content without relying on centralized authorities. By combining cryptography’s secure framework blockchain’s transparency, this dual approach creates more ecosystem not only safeguards but strengthens democratic processes. The further addresses regulatory technical challenges associated implementing these technologies their potential shape secure, transparent, accountable future.

Language: Английский

Citations

7

Beekeeping as a Tool for Sustainable Rural Development DOI Creative Commons
Radivoj Prodanović, Ivana Brkić, Katarina Soleša

et al.

Journal of Agronomy Technology and Engineering Management (JATEM), Journal Year: 2024, Volume and Issue: 7(2), P. 1054 - 1066

Published: March 25, 2024

The symbiotic relationship between bees and the environment underscores potential of apiculture as a sustainable practice. Bees, pollinators, play crucial role in ecosystem health biodiversity conservation. Their pollination services are essential for reproduction numerous plant species, including many crops that constitute backbone agricultural economies. Beekeeping can diversify income sources, reducing dependence on single enhancing household resilience to economic shocks. aim this paper is explore multifaceted tool rural development. In conclusion, holds immense promise development, offering pathway towards prosperity, social inclusion, environmental stewardship. By harnessing synergies bees, biodiversity, community beekeeping has transform landscapes livelihoods. However, realizing requires concerted efforts address challenges barriers hinder widespread adoption practices. Through collaborative action integrated approaches, it unlock transformative power build resilient, vibrant, communities generations come.

Language: Английский

Citations

6

Collaborative Marketing Strategies in Agriculture for Global Reach and Local Impact DOI
Mrutyunjay Padhiary,

Prodipto Roy

Advances in marketing, customer relationship management, and e-services book series, Journal Year: 2024, Volume and Issue: unknown, P. 219 - 252

Published: Oct. 25, 2024

This chapter discusses the importance of cooperative marketing strategies in agriculture, focusing particularly on value embracing diverse viewpoints and harnessing global opportunities for local farms. study addresses relationships between collaboration, diversity, globalization agricultural marketing, with a focus how these might enhance market entrance, encourage inclusivity, promote sustainable development. Various case studies current practice collaborative agriculture industry are discussed greater depth. The also gives much to teamwork advantages, opportunity identification, possible obstacles, valuable advisory improve understanding potential effects farming communities, economic advancement, food systems. findings this may better engagement among stakeholders inclusive

Language: Английский

Citations

5

Assessing the Impact of Digital Financial Inclusion on Sustainable Development Goals: Analyzing Differences by Financial Development Levels Across Countries DOI

Hai Nguyen Van,

Dinh Le Quoc

Journal of the Knowledge Economy, Journal Year: 2024, Volume and Issue: unknown

Published: Dec. 4, 2024

Language: Английский

Citations

4

The impact of financial inclusion on poverty reduction and economic growth in Sub-Saharan Africa: A comparative study of digital financial services DOI Creative Commons
Godswill Osuma

Social Sciences & Humanities Open, Journal Year: 2024, Volume and Issue: 11, P. 101263 - 101263

Published: Dec. 19, 2024

Language: Английский

Citations

4