<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>The financial industry is experiencing transformation through the emergence of Financial Technology (Fintech) which brings forth fresh and innovative approaches to accessing and managing financial services. As digital financial services continue to disrupt traditional banking systems, they have the potential to significantly reduce disparity. This study explores the impacts of Fintech on promoting inclusion enabling access to capital and fostering economic empowerment. It sheds light on how Fintech advancements play a role in addressing economic gaps. Through a comprehensive review, this research highlights how Fintech innovations improve access for underserved populations. It examines both success stories and challenges faced in regions emphasising how adaptable Fintech solutions are within socioeconomic contexts, and ultimately underscores the power of Fintech as a catalyst for promoting inclusivity and empowerment in the economy. By providing insights into how Fintech divides, this study offers guidance for policymakers, financial institutions, entrepreneurs, and researchers who aim to leverage financial technology for fostering inclusivity and prosperity.</p>
</abstract>

The financial industry is experiencing transformation through the emergence of Financial Technology (Fintech) which brings forth fresh and innovative approaches to accessing and managing financial services. As digital financial services continue to disrupt traditional banking systems, they have the potential to significantly reduce disparity. This study explores the impacts of Fintech on promoting inclusion enabling access to capital and fostering economic empowerment. It sheds light on how Fintech advancements play a role in addressing economic gaps. Through a comprehensive review, this research highlights how Fintech innovations improve access for underserved populations. It examines both success stories and challenges faced in regions emphasising how adaptable Fintech solutions are within socioeconomic contexts, and ultimately underscores the power of Fintech as a catalyst for promoting inclusivity and empowerment in the economy. By providing insights into how Fintech divides, this study offers guidance for policymakers, financial institutions, entrepreneurs, and researchers who aim to leverage financial technology for fostering inclusivity and prosperity.

The Role of Fintech in Bridging the Divide for Economic Empowerment

Economics and Business

This work is licensed under the Creative Commons Attribution 4.0 International License.

{"article-title":"The Role of Fintech in Bridging the Divide for Economic Empowerment"}

The financial industry is experiencing transformation through the emergence of Financial Technology (Fintech) which brings forth fresh and innovative...

The Role of Fintech in Bridging the Divide for Economic Empowerment

Published Online: Nov 27, 2023

Page range: 206 - 219

Received: Nov 02, 2023

Accepted: Nov 16, 2023

DOI: https://doi.org/10.2478/eb-2023-0013

Keywords
Bridging divide, challenges, financial technology, Fintech, impact, role

© 2023 Muhammed Miah, published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

The Role of Fintech in Bridging the Divide for Economic Empowerment

Published Online: Nov 27, 2023

Page range: 206 - 219

Received: Nov 02, 2023

Accepted: Nov 16, 2023

DOI: https://doi.org/10.2478/eb-2023-0013

KeywordsBridging divide, challenges, financial technology, Fintech, impact, role

© 2023 Muhammed Miah, published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Keywords
Bridging divide, challenges, financial technology, Fintech, impact, role