Work

Fintech innovation in green finance: A disruptive force or a complementary tool?

Year: 2025

Type: article

Abstract: This study deeply analyses the key role of FinTech in promoting the development of the green finance market through multiple econometric models. The study finds that FinTech significantly improves the transparency and efficiency of green finance market, especially in countries with developed economies and sound regulatory environments. The study reveals the important role played by FinTech in emerging markets, alleviating the structural challenges of green finance development by improving access to funds and enhancing risk management. The study also finds that, although FinTech promotes the development of green finance in various markets, the risks it brings are significantly different for developed and emerging markets. This paper not only verifies the positive impact of FinTech on green finance market but also provides empirical evidence for global policymakers to formulate differentiated strategies, emphasizing the importance of local regulatory and policy support for the integrated development of FinTech and green finance.

Source: International Review of Economics & Finance

DOI: 10.1016/j.iref.2025.104658

Authors: Fengsheng Chien, Yunqian Zhang, Muhammad Sadiq

Institutions: Fuzhou University of International Studies and Trade, City University of Macau, VIZJA University, Taylor's University

Language: English

Topic: Sustainable Finance and Green Bonds

Subfield: Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Industry, innovation and infrastructure, Decent work and economic growth, Climate action, Partnerships for the goals

Open Access status: gold

Estimated APC paid: $1,930