Preface xxv
1 Connecting the Unconnected--Taking the Financial Services to the Last Mile Through Digital Infrastructure 1
C.P. Somasundaran, Mohd. Danish Chishti, Abdullah Bin Junaid and Rakesh Guglani
1.1 Introduction 2
1.2 Literature Review 3
1.3 Methodology 12
1.4 Research Results 12
1.5 Discussion 12
1.6 Recommendation 19
1.7 Conclusion 20
2 Factors Affecting Digital Financial Inclusion in South Asia: What Does Global Findex-2021 Imply? 25
Jivan Biradar and Antarpreet Kaur Kalra
2.1 Introduction 26
2.2 Review of Literature 29
2.3 Research Method and Data Sources 34
2.4 Findings and Analysis 37
2.5 Conclusion 46
3 Predictive Analytics to Reveal the Fintech Transformation via Digital Payments Trends, Experience, and Challenges 51
Vinoth S. and Gopalakrishnan Chinnasamy
3.1 Introduction 52
3.2 Literature Review 53
3.3 Research Methodology 62
3.4 Findings and Conclusion 73
4 Financial Inclusion Through Digital Means: A Crucial Pathway to Sustainable Development 81
Jannatul Ferdous
4.1 Introduction 82
4.2 The Background and Definition of Digital Financial Inclusion 84
4.3 The Role of Digital Financial Inclusion in Meeting the SDGs 86
4.4 Conclusion 95
5 Principles and Frameworks for Sustainable Finance: A Pathway to Global Sustainability 103
Bandna, Priyanka Koundal, Ilias Hussain, Mushtaq Ahmad Shah and Minie Bhalla
5.1 Introduction 104
5.2 Review of Literature 104
5.3 Research Methodology 105
5.4 Data Analysis and Discussion 105
5.5 Conclusion 127
6 Nexus of Comprehensive Growth and Development Parameters: A Detailed Analysis Concerning BRICS Countries 141
Aarti Suryavanshi, Akash Kumar Baikar, Madhu Ruhil and Bijay Prasad Kushwaha
6.1 Introduction 142
6.2 Literature Review 144
6.3 Research Methodology 147
6.4 Data Analysis and Interpretation 148
6.5 Discussion 153
6.6 Implications of the Study 154
6.7 Conclusion 155
7 Understanding Sustainable Finance: Evaluating Current Frameworks and Potential Policy Risks 161
Suzan Dsouza
7.1 Introduction 162
7.2 Sustainable Finance Background: Prevailing Framework Review and Conceptual Explanation 165
7.3 Sustainable Finance 169
7.4 Primary Risks Associated with Defining Sustainable Finance 172
7.5 Conclusion 176
8 Cryptocurrency and Financial Innovation: Unveiling the Motivators Behind Cryptocurrency Investment Intentions in Malaysia 181
Mosharrof Hosen, Sia Sui King, Ooi Hui Ting and Hassanudin Bin Mohd Thas Thaker
8.1 Introduction 182
8.2 Literature Review 183
8.3 Methodology 188
8.4 Result 195
8.5 Conclusion and Policy Implications 199
9 Reducing the Carbon Footprint of Transactions: The Environmental Impact of Technological Innovation in Finance 203
Bakir Illahi Dar and Shweta Jaiswal
9.1 Introduction 204
9.2 Traditional Financial Systems and their Environmental Impact 206
9.3 Technology Advancement in Finance and Its Impact on the Environment 207
9.4 Environmental Benefits of Digital Finance 209
9.5 Understanding the Carbon Footprints in Financial Transactions 210
9.6 Relationship Between Financial Development and Carbon Emissions 212
9.7 Challenges in Reducing Carbon Footprint in Financial Activities 214
9.8 Conclusion 216
9.9 Policy Implications 217
10 Volatility Spillover Effect of Green Finance with Renewable Energy and Cryptocurrency Market 227
Jasvinder Kaur, Kamaljit Singh and Amritha L.J.
10.1 Introduction 228
10.2 Review of Literature 230
10.3 Data and Methodology 233
10.4 Empirical Results and Discussion 236
10.5 Conclusions and Recommendations 244
11 Personalization in the FinTech Age: From Mass Marketing to Micro-Targeting 249
Mohamed Iliyas A. and Praveen Kumar K.
11.1 Introduction 250
11.2 Fintech and Marketing Evolution 250
11.3 Micro-Targeting in Fintech 252
11.4 Benefits of Personalized Marketing 256
11.5 Financial Inclusion through Personalization 259
11.6 Ethical Considerations 261
11.7 Technological Advancements 263
11.8 Practical Implications for Fintech Companies 267
11.9 Benefits of Personalization and Micro-Targeting in Fintech 270
11.10 Implementing Micro-Targeting and Personalization Strategies for Fintech Companies 271
11.11 Case Studies 273
11.12 Conclusion 276
12 Social Entrepreneurship Program as a Sustainable Business Model to Achieve Financial Inclusion for Poor Families in Indonesia 281
Badrun Susantyo, Hari Harjanto Setiawan and Abdullah
12.1 Introduction 282
12.2 The Rationale of the Study 286
12.3 Methodology 288
12.4 Results and Discussion 290
12.5 Conclusion 300
13 Bridging the Digital Divide: Leveraging Technological Innovations for Inclusive and Sustainable Finance 305
Abhijit Ghosh and Ankita Bhatia
13.1 Introduction 306
13.2 The Current State of Digital Financial Inclusion 311
13.3 Sustainable Innovations in Digital Finance 313
13.4 Overcoming Challenges for Sustainable Digital Financial Inclusion 318
13.5 Regulatory Frameworks and Policy Implications for Sustainability 320
13.6 Sociocultural Dynamics and Community Engagement 323
13.7 Case Studies: Global Successes in Digital Financial Inclusion 325
13.8 Future Directions and Strategic Recommendations 328
13.9 Areas for Further Research 329
13.10 Conclusion 331
14 Customer Acceptance of Sustainable Fintech Innovation: A Study from an Indian Customer Perspective 337
Pinnika Syam Yadav, P.B. Narendra Kiran, Abhishek Sharma, Rajesh Vemula and Ankitha Shrama
14.1 Introduction 338
14.2 Literature Review 340
14.3 Research Methodology 343
14.4 Results 343
14.5 Discussion and Conclusion 352
15 Green Finance and Sustainability: Landscape of Indian Financial Institutions 359
Hridhya P. K., Kavitha Desai, Sriram Ananthan, Thirupathi Manickam, Devaraja Nayaka K. and Joel Jebadurai D.
15.1 Introduction 360
15.2 Review of Literature 363
15.3 Green Finance Instruments 365
15.4 Current Landscape of Green Finance in India 367
15.5 Case Studies 368
15.6 Regulatory Framework and Government Initiatives 371
15.7 Green Taxonomy 373
15.8 Challenges in Green Finance 377
15.9 Future of Green Finance in India 379
15.10 Conclusions 380
16 Exploring the Future of Sustainable Finance: Trends, Challenges, and Opportunities 385
Chandni Keswani and Shyam Sunder Agrawal
16.1 Introduction 386
16.2 Review of Literature 396
16.3 Methodology 398
16.4 Current Trends in Sustainable Financing 399
16.5 Role of Artificial Intelligence and Machine Learning in Sustainable Finance 400
16.6 Challenges in Adopting Sustainable Finance 403
16.7 Opportunities in Sustainable Financing 405
16.8 Conclusion 406
16.9 Implications 407
17 Enhancing Financial Inclusion: The Role of Digital Knowledge and Well-Being in Fintech Use 411
Priya K.M. and S. Saravanakumar
17.1 Introduction 412
17.2 Literature Review and Research Hypotheses 415
17.3 Research Methodology 418
17.4 Results and Discussion 420
17.5 Theoretical Implications 424
17.6 Managerial Implications 425
17.7 Conclusion 425
18 Analyzing the Causal Relationship Between Bitcoin Trade and Environmental Quality in the United States 431
G. Nwokike Ike, D. Ugochukwu Ike and A. Akhlaghi Mofrad
18.1 Financial Innovations, Bitcoin, and Environmental Quality 432
18.2 Environmental Effects of Bitcoin Mining: Some Background 434
18.3 Past Studies: Financial Innovations and Environmental Quality 435
18.4 Data and Methodology 437
18.5 Empirical Results 442
18.6 Conclusion and Policy Implications 451
18.7 Direction for Future Studies 454
19 SHG Women-Promoted MSMEs' FinTech Adoption: Impact on Sustainable Financial Performance with Innovation Practices as a Mediator 457
Ramamurthy Bedaduri, Rajesh Mamilla and K. Reddy Praneeth
19.1 Introduction 458
19.2 Review of Literature and Hypotheses Development 460
19.3 Research Methodology 464
19.4 Assessment of Measurement Model 468
19.5 Analysis Findings and Discussion 481
19.6 Implications 484
19.7 Conclusions 485
20 Environmental, Social, and Governance (ESG) Investing: Pioneering Change for a Sustainable and Resilient Tomorrow 495
N. Singhal, S. Goyal, M. Khan, T. Singhal and M. Afjal
20.1 Introduction to ESG Investing: Embracing Sustainability in Financial Markets 496
20.2 Evolution of ESG Investing: Navigating the Evolving Landscape 498
20.3 Principles of ESG Investing 500
20.4 What Makes ESG Integration a Game Changer in Investment Decisions 502
20.5 Navigating the ESG Investing: Elements Driving Transformative Changes in Financial Markets 506
20.6 ESG Integration Frameworks: Sustainable Finance Complexity 514
21 AI for Sustainable Finance: Driving Innovation and Ethical Growth 529
N. Singhal, S. Goyal, M. Khan and T. Singhal
21.1 Introduction 529
21.2 How Can Artificial Intelligence Advance Sustainable Finance? 532
21.3 AI Technologies in Sustainable Finance 543
21.4 Bridging the Perception-Implementation Gap 551
21.5 Ensuring Ethical Use of AI in Sustainable Finance 554
21.6 Conclusion 557
22 Support Vector Machines in Stock Price Prediction: A Review 561
Sulaiman Abdullah Saif Alnasser Mohammed
22.1 Introduction 562
22.1.1 The Literature Gaps 564
22.2 Methodology 564
22.3 Literature Review 565
22.4 Results and Analysis 569
22.5 The Proposed Hyped Model 572
22.6 Conclusion 574
22.7 Limitations and Recommendations for Future Research 575
23 Technological Confluence: An In-Depth Analysis of the Nexus Between Blockchain, Artificial Intelligence, and Emerging Technologies in Facilitating Green Financial Solutions 579
Mohammad Juned and Faisal Usmani
23.1 Introduction 580
23.2 Technological Advancements Driving Green Finance Innovation 585
23.3 Synergies Between Blockchain and AI for Sustainable Financial Solutions 590
23.4 Transforming Industries: Efficiency, Cost Reduction, and Enhanced Outcomes 591
23.5 Conclusion 593
References 594
About the Editors 599
Index 601
