Developments in Financial Technologies for Achieving the Sustainable Development Goals (SDGs)

Abstract

The Sustainable Development Goals (SDGs) can be seen as the critical goal for every country in the world. In this vein, a stable global financial system is needed these days to satisfy its duty to boost the private capital mobilisation to achieve sustainable development and steady economic growth. Nevertheless, several obstacles limiting such financial mobilisation have been identified by scholars, practitioners, and standard setters. Recently, digital transformation and advancement, specifically in the finance sector, include a wide range of technological developments, and applications such as blockchain, internet of things, big data, artificial intelligence are promised to enhance performance in the financial sector. The potential of digital applications in the finance sector to resolve critical obstacles in financing for inclusive and sustainable growth becomes evident. This chapter aims to provide a summary and a detailed discussion of the latest developments in financial technologies that both facilitate the SDGs and also contribute to future sustainable international business.

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