THE IMPACT OF FINTECH INNOVATIONS IN FINANCE

Authors

Dr. SANGEETHA. A, Assistant Professor
PG & Research Department of Commerce, Sri Ramakrishna College of Arts & Science, India.
Ms.G.SARANYA, Assistant Professor,
RVS College of Arts and Science (Autonomous), Sulur, Coimbatore, Tamil Nadu, India.

Abstract

In the ever-evolving landscape of finance, the emergence of fintech has revolutionized traditional financial services, facilitating efficiency, accessibility, and innovation. Amidst growing concerns about environmental sustainability and climate change, the intersection of fintech and green finance has become increasingly prominent, offering solutions to address environmental challenges while driving economic growth. This publication explores the multifaceted relationship between fintech and green finance, encompassing various aspects such as renewable energy financing, carbon markets, sustainable investments, and green lending. It delves into the role of technology in promoting transparency, scalability, and risk management within green finance initiatives, while also examining the challenges and opportunities presented by digitalization in this domain. Moreover, the publication highlights the significance of regulatory frameworks, partnerships, and collaborative efforts in fostering the integration of fintech and green finance on a global scale. Through case studies and empirical evidence, it elucidates the impact of fintech innovations on accelerating the transition to a low-carbon economy, empowering individuals and businesses to make informed sustainable choices, and mobilizing capital towards environmentally beneficial projects. By showcasing best practices, emerging trends, and future prospects, this publication aims to provide insights and inspiration for policymakers, financial institutions, investors, and technology firms to collaborate towards advancing the agenda of green finance through fintech innovation, thereby contributing to a more sustainable and resilient future for generations to come.