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

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  • Carè, R.
  • Boitan, I.A.
  • Fatima, R.

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.

Suggested Citation

  • Carè, R. & Boitan, I.A. & Fatima, R., 2023. "How do FinTech companies contribute to the achievement of SDGs? Insights from case studies," Research in International Business and Finance, Elsevier, vol. 66(C).
    • Handle: RePEc:eee:riibaf:v:66:y:2023:i:c:s0275531923001988
    DOI: 10.1016/j.ribaf.2023.102072
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    References listed on IDEAS

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    1. Kuo Chuen, David LEE & Teo, Ernie G.S., 2015. "Emergence of FinTech and the LASIC principles," Journal of Financial Perspectives, EY Global FS Institute, vol. 3(3), pages 24-36.
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    Cited by:

    1. Li, Ruoyu & Gan, Yufei & Bao, Yifei & Zhou, Yun & Si, Dingwen & Liu, Qian, 2024. "Natural resources efficiency in terms of digital economy: Institutional efficiency and digital economy from the lens of natural resources," Resources Policy, Elsevier, vol. 93(C).
    2. Durak, İsmail & Çi̇se, Sena Nur & Yazıcı, Selim, 2024. "Developing a financial technology (FinTech) adoption scale: A validity and reliability study," Research in International Business and Finance, Elsevier, vol. 70(PB).
    3. Yu, Dan & Wang, Shenghu & Yi, Yuting & Ren, Yu, 2024. "The role of fintech, natural resources and trade policy uncertainty towards SDGs in China: New insights from nonlinear approach," Resources Policy, Elsevier, vol. 91(C).
    4. Nilashi, Mehrbakhsh & Ali Abumalloh, Rabab & Keng-Boon, Ooi & Wei-Han Tan, Garry & Cham, Tat-Huei & Cheng-Xi Aw, Eugene, 2024. "Unlocking sustainable resource management: A comprehensive SWOT and thematic analysis of FinTech with a focus on mineral management," Resources Policy, Elsevier, vol. 92(C).

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    More about this item

    Keywords

    FinTech; Sustainable development goals; Social impact; Environmental impact; Case study;
    All these keywords.

    JEL classification:

    • C83 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Survey Methods; Sampling Methods
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation

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