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6 - Drivers of Change

Efficiency, Financial Inclusion, and Sustainability

from Part I - Digital Transformation of Finance and Regulation

Published online by Cambridge University Press:  09 November 2023

Ross P. Buckley ,
Douglas W. Arner  and
Dirk A. Zetzsche
Ross P. Buckley
Affiliation:
University of New South Wales, Sydney
Douglas W. Arner
Affiliation:
The University of Hong Kong
Dirk A. Zetzsche
Affiliation:
Université du Luxembourg
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Summary

This chapter analyses the drivers of the digital financial transformation. We argue that the digital transformation of finance has been driven by the quests for (i) efficiency, (ii) financial inclusion, and (iii) sustainability. These three factors are necessarily intertwined: financial inclusion underpins long-term oriented economies, and sustainable yet inefficient and unprofitable services are doomed to fail.

Keywords

digital financesustainabilitysustainable developmentfinancial inclusion
Type
Chapter
Information
FinTech
Finance, Technology and Regulation
 , pp. 73 - 90
Publisher: Cambridge University Press
Print publication year: 2023

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