The Funding Theories of Financial Inclusion in the Context of the Fourth Industrial Revolution

Mhlanga, David

doi:10.1007/978-3-031-16687-7_6

Cited by 1 publication

(2 citation statements)

References 18 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…This hypothesis proposes that digital financial services have the potential to help overcome barriers to access and reduce the costs of providing financial services, hence making them more available to underbanked populations. One of the most important things that technology can do to promote financial inclusion is to make it simpler for individuals to gain access to various forms of financial assistance (Loubere, 2017 ; Arner et al, 2020 ; Mhlanga, 2022a ). For instance, mobile banking and digital wallets can provide users with the ability to access financial services from the convenience of their mobile devices, even in underserved or rural regions.…”

Section: Review Of Important Literaturementioning

confidence: 99%

“…Financial inclusion is a complex notion that encompasses the objective of guaranteeing universal access to a diverse array of inexpensive and suitable financial services and products offered by established financial institutions, for both individuals and enterprises (Mhlanga, 2020(Mhlanga, , 2022a. The primary objective is to integrate those who lack access to banking services or have limited access to such services into the conventional financial system.…”

Section: Financial Inclusionmentioning

confidence: 99%

See 1 more Smart Citation

The role of big data in financial technology toward financial inclusion

Mhlanga

2024

Front. Big Data

Self Cite

View full text Add to dashboard Cite

In the rapidly evolving landscape of financial technology (FinTech), big data stands as a cornerstone, driving significant transformations. This study delves into the pivotal role of big data in FinTech and its implications for financial inclusion. Employing a comprehensive literature review methodology, we analyze diverse sources including academic journals, industry reports, and online articles. Our findings illuminate how big data catalyzes the development of novel financial products and services, enhances risk management, and boosts operational efficiency, thereby fostering financial inclusion. Particularly, big data's capability to offer insightful customer behavior analytics is highlighted as a key driver for creating inclusive financial services. However, challenges such as data privacy and security, and the need for ethical algorithmic practices are also identified. This research contributes valuable insights for policymakers, regulators, and industry practitioners, suggesting a need for balanced regulatory frameworks to harness big data's potential ethically and responsibly. The outcomes of this study underscore the transformative power of big data in FinTech, indicating a pathway toward a more inclusive financial ecosystem.

show abstract

Section: Review Of Important Literaturementioning

confidence: 99%

Section: Financial Inclusionmentioning

confidence: 99%