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Submit a ProposalFintech for ESG and the Circular Economy
 | Edited by Ernesto D.R. Santibanez Gonzalez, Vinay Kandpal, Peterson K Ozili and Prasenjit Chatterjee
Series: Fintech in a Sustainable Digital Society Copyright: 2024 | Status: Published ISBN: 9781394233960 | Hardcover | 314 pages Price: $195 USD  |
One Line Description
This book showcases research, theoretical, and validated work associated with digital finance to enhance the quality of a more sustainable environment.
Audience
This book will be of interest to scholars, researchers, academicians, and students of commerce, banking, finance, sustainability, and financial technology. This book is helpful for business professionals, researchers, and technical industry workers in finance and artificial intelligence.
This book will be of interest to scholars, researchers, academicians, and students of commerce, banking, finance, sustainability, and financial technology. This book is helpful for business professionals, researchers, and technical industry workers in finance and artificial intelligence.
Description
The primary objective of Fintech for ESG and the Circular Economy is to evaluate how fintech advancements and sustainable practices effectively drive transformative and sustainable change. It aims to motivate individuals with ideas and discussions to promote financial technology and foster creativity for a more sustainable and equitable future.
The book delves into the intersection of technology and sustainability, offering insights into how big data, machine learning, and blockchain technology are transforming ESG practices and the circular economy. It highlights the potential of FinTech to drive sustainable finance, explores the current role of cyber ecosystems and digital currencies in sustainable finance, and examines the intricate legal landscape surrounding green finance in India. The book also discusses the influence of ESG factors on financial decision-making and the integration of sustainability metrics into financial analysis, supported by examples of how companies and investors are adopting these practices.
Additionally, the book explores the role of financial institutions in enabling crowdfunding platforms, particularly in African markets, and provides case studies that demonstrate their impact on financial inclusion and entrepreneurship. It also analyzes the legal implications of blockchain and smart contracts within FinTech, the convergence of digital business models with ESG principles, and the role of digital currencies in promoting financial inclusion and sustainable economic growth, particularly in India. The book concludes with an exploration of tokenomics and its potential to incentivize sustainable behaviors, and examines how digital finance innovations in Tanzania are improving financial inclusion by overcoming barriers to financial services for the unbanked population.
Back to Top
The primary objective of Fintech for ESG and the Circular Economy is to evaluate how fintech advancements and sustainable practices effectively drive transformative and sustainable change. It aims to motivate individuals with ideas and discussions to promote financial technology and foster creativity for a more sustainable and equitable future.
The book delves into the intersection of technology and sustainability, offering insights into how big data, machine learning, and blockchain technology are transforming ESG practices and the circular economy. It highlights the potential of FinTech to drive sustainable finance, explores the current role of cyber ecosystems and digital currencies in sustainable finance, and examines the intricate legal landscape surrounding green finance in India. The book also discusses the influence of ESG factors on financial decision-making and the integration of sustainability metrics into financial analysis, supported by examples of how companies and investors are adopting these practices.
Additionally, the book explores the role of financial institutions in enabling crowdfunding platforms, particularly in African markets, and provides case studies that demonstrate their impact on financial inclusion and entrepreneurship. It also analyzes the legal implications of blockchain and smart contracts within FinTech, the convergence of digital business models with ESG principles, and the role of digital currencies in promoting financial inclusion and sustainable economic growth, particularly in India. The book concludes with an exploration of tokenomics and its potential to incentivize sustainable behaviors, and examines how digital finance innovations in Tanzania are improving financial inclusion by overcoming barriers to financial services for the unbanked population.
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Author / Editor Details
Ernesto D.R. Santibanez Gonzalez, PhD, is a professor at the University of Talca, Talca, Chile. His research focuses on developing long-term strategies for climate change and sustainability to develop the planet. He has written more than 100 publications in high-impact scientific journals and managed numerous international research projects. He has also served as an editor for several journals.
Ernesto D.R. Santibanez Gonzalez, PhD, is a professor at the University of Talca, Talca, Chile. His research focuses on developing long-term strategies for climate change and sustainability to develop the planet. He has written more than 100 publications in high-impact scientific journals and managed numerous international research projects. He has also served as an editor for several journals.
Vinay Kandpal, PhD, is a professor in the Department of Management Studies, Graphic Era University, Dehradun, India. He obtained his doctorate in finance from Kumaun University, India. He has published more than 60 research papers and six books on diverse subjects, such as sustainability, fintech, smart cities, etc.
Peterson K. Ozili, PhD, is a senior economist at the Central Bank of Nigeria, Abuja, Nigeria. He holds a doctorate in accounting and finance from Northampton University in the United Kingdom and a doctorate in economics from Nile University of Nigeria, Abuja, Nigeria. He has extensive research interests in economics, finance, business, and accounting. He has made several contributions to financial inclusion research.
Prasenjit Chatterjee, PhD, is a professor of mechanical engineering and dean at MCKV Institute of Engineering, West Bengal, India. He has over 6,500 citations and many research papers in various international journals and peer-reviewed conferences. He has authored several books on intelligent decision-making, fuzzy computing, supply chain management, etc. He developed a multi-criteria decision-making method called Measurement of Alternatives and Ranking through functional mapping of criterion sub-intervals.
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Table of Contents
Preface
Acknowledgments
1. Data-Driven Sustainability: Unlocking the Potential of Machine Learning and Big Data for ESG Integration and the Circular Economy
Priya Soni
1.1 Introduction to Big Data and Machine Learning
1.2 Environmental, Social, and Governance (ESG)
1.3 Circular Economy
1.4 ESG and Circular Economy Integration
1.4.1 Machine Learning Applications for Sustainable Practices
1.4.2 Circular Economy Implementation with Big Data and Machine Learning
1.4.3 Risk Management and ESG Compliance through Data-Driven Approaches
1.5 Future Trends and Challenges in ESG and Circular Economy
References
2. Blockchain Technology and Its Potential in Sustainable Finance and Investment
Neeti Misra, Abhilasha Chauhan and Nikita Siddhu
2.1 Introduction
2.2 Literature Review
2.2.1 Blockchain Technology
2.2.2 Sustainable Finance and Investment
2.2.2.1 Sustainable Foreign Direct Investment (SFDI)
2.2.2.2 Impact Investing
2.2.2.3 Socially Responsible Investment (SRI)
2.2.2.4 Green Finance
2.2.3 Five Pillars of Sustainable Finance Projects (Greenfield, 2022)
2.3 Role of Blockchain Technology in Sustainable Finance and Investment
2.3.1 Benefits of Sustainability in Finance
2.4 Challenges of Blockchain Technology
2.4.1 Challenges of Adoption of Blockchain Technology in Sustainable Finance and Investment
2.5 Conclusion
2.6 Implications
2.7 Suggestion and Recommendations
References
3. The Relationship Between FinTech and Financial Sustainability: Turkey Case
Seda Yıldırım, Tuğba Kantarcı, Durmuş Çağrı Yıldırım and Kenan Aydın
3.1 Introduction
3.2 The Framework for FinTech and Financial Sustainability
3.2.1 The FinTech
3.2.2 What is Financial Sustainability?
3.3 The Profile of FinTech in Turkey
3.4 Conclusion
References
Websites
4. Leveraging FinTech for the Advancement of Circular Economy
Radha Agarwal, Mariam Fatima and Amit Malhotra
4.1 Introduction
4.1.1 Knowing FinTech
4.1.2 Knowing Circular Economy
4.2 The Circular Economy - FinTech Linkage
4.3 FinTech-Driven Triumphs of Circular Economy
4.4 FinTech-Related Challenges that Hinder Circular Economy
4.5 Conclusion
References
5. Cyber Ecosystem and Digital Currency: Review and Current Status
Nitish Ojha, Divya Gohil and Abhishek Vaish
5.0 Introduction
5.1 Digital Currency in Other Countries
5.2 Types of Digital Currency
5.3 Arguments in Favor of Digital Currency
5.4 Arguments - Why Digital Currency Must be Discouraged
5.4.1 Weak Bank Weak Link in the Chain
5.4.2 Low Bank Penetration
5.4.3 High Dormancy
5.4.4 Poor Quality of Services by Public Sector Banks
5.4.5 Prone to Financial Instability
5.4.6 Lack of IT Implementation by Banks in their Portals
5.4.7 Availability of Bank Services
5.4.8 Availability of Diverse Banking Services
5.5 Attack on the Banking System
5.5.1 Vulnerability Vs No. of Online Users
5.5.2 Technology Supported Attacks
5.5.3 Rise of Cyber Attacks
5.6 What are the Biggest Threats to Digital Currency?
5.7 Why are Indian Banking Organizations Targeted?
5.7.1 Reasons Behind Cyberattack Against Banks in India
5.8 How to Reduce the “Security Threats” in the Banking Sector?
5.8.1 Team Management
5.8.2 Creation of R & D Board
5.8.3 Partnership
5.8.4 Framework Compliance
5.8.5 Establish Strict Access Management Policies
5.8.6 Keep Business Continuity Plan/Disaster Recovery Plan
5.8.7 Cybersecurity Training
5.9 Conclusion
References
6. Navigating the Legal Landscape of Green Finance and Responsible Investment in India: A Critical Analysis
Shikha Dimri and Anushka Srivastava
6.1 Introduction
6.1.1 Green Financing in India
6.2 Legal Framework Governing Green Finance and Investment in India
6.3 Certain Indian Companies Engaged in Green Financing and Responsible Investment
6.4 Interface of Sustainable Development Goals and Green Finance
6.5 CSR Rules and Companies Act, 2013, and Environmental Justice
6.6 Greenwashing: A Challenge to Honest Implementation of Green Bond
6.6.1 Renowned Brands Called Out for Greenwashing
6.6.1.1 H&M and Uniqlo (“USA: H&M faces ‘greenwashing’ class-action lawsuit over
alleged misleading & false marketing of ‘sustainable’ clothing line - business & human rights resource centre,” n.d.)
6.6.1.2 Volkswagen (Pellegrino, 2023)
6.6.1.3 Innocent Drinks
6.6.2 Identification of Greenwashing
6.6.3 Rules Governing Greenwashing in India
6.6.3.1 French Climate and Resilience Law and European Union’s Proposed Unfair
Commercial Practices Directive: A Standard Model to Combat Greenwashing
6.7 Implications of Regulating Sources of Green Financing on Policymakers, Business Houses, and Society
6.7.1 Impact of Green Financing on Policymakers
6.7.2 Impact of Green Financing on Business Houses
6.7.3 Impact of Green Financing on Society
6.8 Conclusion and Recommendations
References
7. Impact of Environmental, Social, and Governance (ESG) and the Circular Economy (CE) on Financial Decision-Making
Jeanne-Marie Lawrence
7.1 Introduction
7.2 The Mandate for ESG and Circular Economy Global Goals
7.3 Organizations Impacting Sustainability Reporting and Financial Governance
7.3.1 Voluntary ESG and Sustainability Frameworks and Metrics
7.3.1.1 The Global Reporting Initiative
7.3.1.2 The Carbon Disclosure Project
7.3.1.3 The International Sustainability Standards Board (ISSB)
7.3.1.4 Sustainability Accounting Standards Board (SASB)
7.3.1.5 Taskforce on Climate-Related Financial Disclosures (TCFD)
7.3.1.6 World Economic Forum International Business Council (WEF IBC)
7.3.1.7 Dow Jones Sustainability Indexes (DJSI)
7.3.2 National Governments and Regulatory Authorities
7.3.3 Financial Governing Institutions
7.3.3.1 United States Security and Exchange Commission (SEC)
7.3.3.2 European Banking Authority (EBA)
7.3.3.3 The Monetary Authority of Singapore (MAS)
7.3.4 Professional/Trade Organizations
7.4 Financial Policies and Strategies of Asset Owners, Banks, and Other Financial Firms
7.4.1 Development Banks
7.5 Impact of ESG and Circular Economy on Financial Decisions of Banks and Financial Intermediaries
7.6 Impact of ESG and Circular Economy on Financial Decisions of Firms
7.6.1 Impact of ESG and Circular Economy on Operational Financial Decisions of Firms
7.6.1.1 Profitability Ratios
7.6.1.2 Efficiency Ratios
7.6.1.3 Liquidity Ratios
7.6.1.4 Solvency Ratios
7.6.2 Impact of ESG and Circular Economy on Capital Investment Decisions of Firms
7.7 Impact of ESG and Circular Economy on Decisions to Use Financial Technology (FinTech)
7.8 Concluding Remarks
References
8. Institutions and Crowdfunding Success in Africa
Isaac Appiah-Otoo
8.1 Introduction
8.2 Literature Review and Hypothesis Development
8.2.1 Literature Review
8.2.2 Hypotheses Development
8.3 Methodology and Data
8.3.1 Data
8.3.2 Empirical Model
8.4 Results and Discussion
8.5 Conclusion and Policy Implications
References
9. Legal Aspects of Smart Contracts and Application of Blockchain Technology in FinTech
Gioia Arnone
9.1 Introduction
9.1.1 What is FinTech?
9.1.2 What is Blockchain Technology?
9.1.3 What is a Smart Contract?
9.1.4 Legal Aspects of Smart Contracts
9.1.4.1 Contractual Features of Smart Contracts
9.1.4.2 Traditional Laws and Rules are Under Attack
9.1.4.3 Smart Contracts May be Created Legally
9.1.4.4 Legal Ramifications of Smart Contracts
9.1.5 Application of Blockchain Technology in FinTech
9.1.5.1 Asset Verification
9.1.5.2 Record Keeping
9.1.5.3 Data Privacy
9.1.5.4 Transaction Costs
9.2 Discussion and Conclusion
References
10. ESG Excellence in the Digital World: Circular Economy E-Business Solutions
Rubee Singh, Akash Gupta and Vinay Kandpal
10.1 Introduction
10.2 Literature and Theoretical Background
10.2.1 Connecting ESG and CE
10.2.2 I4.0 (Digitalization), CE, and ESG
10.2.3 Circular Economy Practices and ESG
10.3 Research Methodology
10.4 Discussion and Recommendations
10.5 Conclusion
References
11. Role of FinTech in Fueling Social Change: A Field Study
Sai Aanchal
11.1 Introduction
11.1.1 FinTech Usage in India
11.1.2 Rationale of the Study
11.1.3 Objectives of the Study
11.1.4 Research Methodology
11.1.5 Area of Study
11.1.6 Sampling Frame and Sample of Respondents
11.1.7 Major Findings of the Study
11.1.7.1 FinTech Usage—Paytm and Google Pay
11.1.7.2 FinTech Usage in Taksal
11.1.7.3 FinTech Usage in Pabri
11.2 Factors Behind the FinTech Usage in Taksal and Pabri
11.2.1 No Need for the Bank Account Information to Send Money to One’s Relatives
11.2.2 Perceived Ease of Access and Safety
11.2.3 Aided in Keeping a Stringent Check on the Expenses of One’s Spouse
11.2.4 Easy to Receive Money in Times of Emergency
11.2.5 Fear of Demonetization
11.2.6 Influence of Peers
11.3 Impact of FinTech on the Lives of Respondents of Taksal and Pabri
11.3.1 Socio-Cultural Change
11.3.2 Extent of Women’s Empowerment
11.4 Conclusion
References
12. Significance of Digital Currencies in Sustainable Finance and Investment—An Indian Perspective
Sulagna Das
12.1 Digital Money
12.2 Role of The Reserve Bank of India in Fostering Financial Inclusion through Digital Transformation of Financial Services
12.2.1 Digital Public Infrastructure
12.2.2 Institutional Arrangements
12.2.3 Policy Initiatives
12.2.4 Transformational Initiatives Using Technology to Foster Innovation
12.3 Role of CBDCs in Digital Financial Transformation
12.3.1 Banking System and CBDC
12.3.2 Monetary Policy and CBDC
12.3.3 Technology Risk and CBDC
12.3.4 RBI’s Approach to CBDC
12.3.5 Legal Framework
12.3.6 What Comes Next for CBDC in India?
12.4 Digital Rupee e₹ Story of India
12.4.1 How will e₹ Work?
12.4.2 Proposed e₹-Architecture
12.4.2.1 Private Blockchain
12.4.2.2 Consortium Blockchain
12.5 Significant Role Played by Digital Currencies in Supporting Green and Sustainable Finance
12.5.1 Moving Toward Sustainability
12.5.2 Trustworthiness Created by Central Banks
12.5.3 More Sustainable Payment Systems
12.5.4 Overview of the Future Outlook
12.6 Potential Risk Involved in Digital Currencies
References
13. A Leap Towards Tokenomics: The Future of Sustainability
Soumyajit Chakraborty
13.1 A Few Words on Tokenomics
13.2 Opportunities Presented by Tokenomics
13.3 The “Economics” in Tokenomics
13.4 Challenges with Tokenomics
13.5 Tokenomics in the Indian Context
13.6 Conclusion
References
14. Advancing Financial Inclusion through Digital Finance Innovations in Tanzania
Galinoma Gahele Lubawa and Vinay Kandpal D. Litt
14.1 Introduction
14.2 Literature Review
14.2.1 Digital Finance
14.2.2 Inclusive Finance
14.2.3 The Role of Digital Finance in Enabling Inclusive Financing
14.2.4 Theoretical Background
14.3 Research Methods
14.3.1 Planning the Review
14.3.2 Search Strategy
14.4 Results and Discussions
14.4.1 DFS’s Importance to SMEs and Inclusive Finance in Tanzania
14.4.2 DFS’s Importance to Agriculture and Inclusive Finance in Tanzania
14.4.3 Challenges in Promoting Inclusive Finance in Tanzania
14.4.3.1 Challenges in Promoting SMEs Inclusive Finance in Tanzania
14.4.3.2 Challenges in Promoting Agriculture and Inclusive Finance in Tanzania
14.5 Conclusion
Direction of Future Research
References
Index
Back to Top
Preface
Acknowledgments
1. Data-Driven Sustainability: Unlocking the Potential of Machine Learning and Big Data for ESG Integration and the Circular Economy
Priya Soni
1.1 Introduction to Big Data and Machine Learning
1.2 Environmental, Social, and Governance (ESG)
1.3 Circular Economy
1.4 ESG and Circular Economy Integration
1.4.1 Machine Learning Applications for Sustainable Practices
1.4.2 Circular Economy Implementation with Big Data and Machine Learning
1.4.3 Risk Management and ESG Compliance through Data-Driven Approaches
1.5 Future Trends and Challenges in ESG and Circular Economy
References
2. Blockchain Technology and Its Potential in Sustainable Finance and Investment
Neeti Misra, Abhilasha Chauhan and Nikita Siddhu
2.1 Introduction
2.2 Literature Review
2.2.1 Blockchain Technology
2.2.2 Sustainable Finance and Investment
2.2.2.1 Sustainable Foreign Direct Investment (SFDI)
2.2.2.2 Impact Investing
2.2.2.3 Socially Responsible Investment (SRI)
2.2.2.4 Green Finance
2.2.3 Five Pillars of Sustainable Finance Projects (Greenfield, 2022)
2.3 Role of Blockchain Technology in Sustainable Finance and Investment
2.3.1 Benefits of Sustainability in Finance
2.4 Challenges of Blockchain Technology
2.4.1 Challenges of Adoption of Blockchain Technology in Sustainable Finance and Investment
2.5 Conclusion
2.6 Implications
2.7 Suggestion and Recommendations
References
3. The Relationship Between FinTech and Financial Sustainability: Turkey Case
Seda Yıldırım, Tuğba Kantarcı, Durmuş Çağrı Yıldırım and Kenan Aydın
3.1 Introduction
3.2 The Framework for FinTech and Financial Sustainability
3.2.1 The FinTech
3.2.2 What is Financial Sustainability?
3.3 The Profile of FinTech in Turkey
3.4 Conclusion
References
Websites
4. Leveraging FinTech for the Advancement of Circular Economy
Radha Agarwal, Mariam Fatima and Amit Malhotra
4.1 Introduction
4.1.1 Knowing FinTech
4.1.2 Knowing Circular Economy
4.2 The Circular Economy - FinTech Linkage
4.3 FinTech-Driven Triumphs of Circular Economy
4.4 FinTech-Related Challenges that Hinder Circular Economy
4.5 Conclusion
References
5. Cyber Ecosystem and Digital Currency: Review and Current Status
Nitish Ojha, Divya Gohil and Abhishek Vaish
5.0 Introduction
5.1 Digital Currency in Other Countries
5.2 Types of Digital Currency
5.3 Arguments in Favor of Digital Currency
5.4 Arguments - Why Digital Currency Must be Discouraged
5.4.1 Weak Bank Weak Link in the Chain
5.4.2 Low Bank Penetration
5.4.3 High Dormancy
5.4.4 Poor Quality of Services by Public Sector Banks
5.4.5 Prone to Financial Instability
5.4.6 Lack of IT Implementation by Banks in their Portals
5.4.7 Availability of Bank Services
5.4.8 Availability of Diverse Banking Services
5.5 Attack on the Banking System
5.5.1 Vulnerability Vs No. of Online Users
5.5.2 Technology Supported Attacks
5.5.3 Rise of Cyber Attacks
5.6 What are the Biggest Threats to Digital Currency?
5.7 Why are Indian Banking Organizations Targeted?
5.7.1 Reasons Behind Cyberattack Against Banks in India
5.8 How to Reduce the “Security Threats” in the Banking Sector?
5.8.1 Team Management
5.8.2 Creation of R & D Board
5.8.3 Partnership
5.8.4 Framework Compliance
5.8.5 Establish Strict Access Management Policies
5.8.6 Keep Business Continuity Plan/Disaster Recovery Plan
5.8.7 Cybersecurity Training
5.9 Conclusion
References
6. Navigating the Legal Landscape of Green Finance and Responsible Investment in India: A Critical Analysis
Shikha Dimri and Anushka Srivastava
6.1 Introduction
6.1.1 Green Financing in India
6.2 Legal Framework Governing Green Finance and Investment in India
6.3 Certain Indian Companies Engaged in Green Financing and Responsible Investment
6.4 Interface of Sustainable Development Goals and Green Finance
6.5 CSR Rules and Companies Act, 2013, and Environmental Justice
6.6 Greenwashing: A Challenge to Honest Implementation of Green Bond
6.6.1 Renowned Brands Called Out for Greenwashing
6.6.1.1 H&M and Uniqlo (“USA: H&M faces ‘greenwashing’ class-action lawsuit over
alleged misleading & false marketing of ‘sustainable’ clothing line - business & human rights resource centre,” n.d.)
6.6.1.2 Volkswagen (Pellegrino, 2023)
6.6.1.3 Innocent Drinks
6.6.2 Identification of Greenwashing
6.6.3 Rules Governing Greenwashing in India
6.6.3.1 French Climate and Resilience Law and European Union’s Proposed Unfair
Commercial Practices Directive: A Standard Model to Combat Greenwashing
6.7 Implications of Regulating Sources of Green Financing on Policymakers, Business Houses, and Society
6.7.1 Impact of Green Financing on Policymakers
6.7.2 Impact of Green Financing on Business Houses
6.7.3 Impact of Green Financing on Society
6.8 Conclusion and Recommendations
References
7. Impact of Environmental, Social, and Governance (ESG) and the Circular Economy (CE) on Financial Decision-Making
Jeanne-Marie Lawrence
7.1 Introduction
7.2 The Mandate for ESG and Circular Economy Global Goals
7.3 Organizations Impacting Sustainability Reporting and Financial Governance
7.3.1 Voluntary ESG and Sustainability Frameworks and Metrics
7.3.1.1 The Global Reporting Initiative
7.3.1.2 The Carbon Disclosure Project
7.3.1.3 The International Sustainability Standards Board (ISSB)
7.3.1.4 Sustainability Accounting Standards Board (SASB)
7.3.1.5 Taskforce on Climate-Related Financial Disclosures (TCFD)
7.3.1.6 World Economic Forum International Business Council (WEF IBC)
7.3.1.7 Dow Jones Sustainability Indexes (DJSI)
7.3.2 National Governments and Regulatory Authorities
7.3.3 Financial Governing Institutions
7.3.3.1 United States Security and Exchange Commission (SEC)
7.3.3.2 European Banking Authority (EBA)
7.3.3.3 The Monetary Authority of Singapore (MAS)
7.3.4 Professional/Trade Organizations
7.4 Financial Policies and Strategies of Asset Owners, Banks, and Other Financial Firms
7.4.1 Development Banks
7.5 Impact of ESG and Circular Economy on Financial Decisions of Banks and Financial Intermediaries
7.6 Impact of ESG and Circular Economy on Financial Decisions of Firms
7.6.1 Impact of ESG and Circular Economy on Operational Financial Decisions of Firms
7.6.1.1 Profitability Ratios
7.6.1.2 Efficiency Ratios
7.6.1.3 Liquidity Ratios
7.6.1.4 Solvency Ratios
7.6.2 Impact of ESG and Circular Economy on Capital Investment Decisions of Firms
7.7 Impact of ESG and Circular Economy on Decisions to Use Financial Technology (FinTech)
7.8 Concluding Remarks
References
8. Institutions and Crowdfunding Success in Africa
Isaac Appiah-Otoo
8.1 Introduction
8.2 Literature Review and Hypothesis Development
8.2.1 Literature Review
8.2.2 Hypotheses Development
8.3 Methodology and Data
8.3.1 Data
8.3.2 Empirical Model
8.4 Results and Discussion
8.5 Conclusion and Policy Implications
References
9. Legal Aspects of Smart Contracts and Application of Blockchain Technology in FinTech
Gioia Arnone
9.1 Introduction
9.1.1 What is FinTech?
9.1.2 What is Blockchain Technology?
9.1.3 What is a Smart Contract?
9.1.4 Legal Aspects of Smart Contracts
9.1.4.1 Contractual Features of Smart Contracts
9.1.4.2 Traditional Laws and Rules are Under Attack
9.1.4.3 Smart Contracts May be Created Legally
9.1.4.4 Legal Ramifications of Smart Contracts
9.1.5 Application of Blockchain Technology in FinTech
9.1.5.1 Asset Verification
9.1.5.2 Record Keeping
9.1.5.3 Data Privacy
9.1.5.4 Transaction Costs
9.2 Discussion and Conclusion
References
10. ESG Excellence in the Digital World: Circular Economy E-Business Solutions
Rubee Singh, Akash Gupta and Vinay Kandpal
10.1 Introduction
10.2 Literature and Theoretical Background
10.2.1 Connecting ESG and CE
10.2.2 I4.0 (Digitalization), CE, and ESG
10.2.3 Circular Economy Practices and ESG
10.3 Research Methodology
10.4 Discussion and Recommendations
10.5 Conclusion
References
11. Role of FinTech in Fueling Social Change: A Field Study
Sai Aanchal
11.1 Introduction
11.1.1 FinTech Usage in India
11.1.2 Rationale of the Study
11.1.3 Objectives of the Study
11.1.4 Research Methodology
11.1.5 Area of Study
11.1.6 Sampling Frame and Sample of Respondents
11.1.7 Major Findings of the Study
11.1.7.1 FinTech Usage—Paytm and Google Pay
11.1.7.2 FinTech Usage in Taksal
11.1.7.3 FinTech Usage in Pabri
11.2 Factors Behind the FinTech Usage in Taksal and Pabri
11.2.1 No Need for the Bank Account Information to Send Money to One’s Relatives
11.2.2 Perceived Ease of Access and Safety
11.2.3 Aided in Keeping a Stringent Check on the Expenses of One’s Spouse
11.2.4 Easy to Receive Money in Times of Emergency
11.2.5 Fear of Demonetization
11.2.6 Influence of Peers
11.3 Impact of FinTech on the Lives of Respondents of Taksal and Pabri
11.3.1 Socio-Cultural Change
11.3.2 Extent of Women’s Empowerment
11.4 Conclusion
References
12. Significance of Digital Currencies in Sustainable Finance and Investment—An Indian Perspective
Sulagna Das
12.1 Digital Money
12.2 Role of The Reserve Bank of India in Fostering Financial Inclusion through Digital Transformation of Financial Services
12.2.1 Digital Public Infrastructure
12.2.2 Institutional Arrangements
12.2.3 Policy Initiatives
12.2.4 Transformational Initiatives Using Technology to Foster Innovation
12.3 Role of CBDCs in Digital Financial Transformation
12.3.1 Banking System and CBDC
12.3.2 Monetary Policy and CBDC
12.3.3 Technology Risk and CBDC
12.3.4 RBI’s Approach to CBDC
12.3.5 Legal Framework
12.3.6 What Comes Next for CBDC in India?
12.4 Digital Rupee e₹ Story of India
12.4.1 How will e₹ Work?
12.4.2 Proposed e₹-Architecture
12.4.2.1 Private Blockchain
12.4.2.2 Consortium Blockchain
12.5 Significant Role Played by Digital Currencies in Supporting Green and Sustainable Finance
12.5.1 Moving Toward Sustainability
12.5.2 Trustworthiness Created by Central Banks
12.5.3 More Sustainable Payment Systems
12.5.4 Overview of the Future Outlook
12.6 Potential Risk Involved in Digital Currencies
References
13. A Leap Towards Tokenomics: The Future of Sustainability
Soumyajit Chakraborty
13.1 A Few Words on Tokenomics
13.2 Opportunities Presented by Tokenomics
13.3 The “Economics” in Tokenomics
13.4 Challenges with Tokenomics
13.5 Tokenomics in the Indian Context
13.6 Conclusion
References
14. Advancing Financial Inclusion through Digital Finance Innovations in Tanzania
Galinoma Gahele Lubawa and Vinay Kandpal D. Litt
14.1 Introduction
14.2 Literature Review
14.2.1 Digital Finance
14.2.2 Inclusive Finance
14.2.3 The Role of Digital Finance in Enabling Inclusive Financing
14.2.4 Theoretical Background
14.3 Research Methods
14.3.1 Planning the Review
14.3.2 Search Strategy
14.4 Results and Discussions
14.4.1 DFS’s Importance to SMEs and Inclusive Finance in Tanzania
14.4.2 DFS’s Importance to Agriculture and Inclusive Finance in Tanzania
14.4.3 Challenges in Promoting Inclusive Finance in Tanzania
14.4.3.1 Challenges in Promoting SMEs Inclusive Finance in Tanzania
14.4.3.2 Challenges in Promoting Agriculture and Inclusive Finance in Tanzania
14.5 Conclusion
Direction of Future Research
References
Index
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