Futuristic Digital Banking and e-Financial Strategies Stimulating Financial Inclusion: Satellite SDG-1 Alleviating Poverty Compliance Sustainable Development Lensing Global Perspectives
摘要
Financial inclusion, the process of providing access to financial services for the unbanked and underbanked populations, is pivotal in achieving global development goals. As part of the United Nations Sustainable Development Goals (SDGs), SDG-1 aims to eradicate extreme poverty by 2030. In an era characterized by rapid technological advancement, digital banking has emerged as a pivotal tool for fostering global economic inclusion. With the mission of leaving no one behind, SDG-1 serves as the impetus for eradicating extreme poverty by 2030. The contemporary financial landscape is undergoing a paradigm shift, with digital banking and financial technologies spearheading the drive toward greater accessibility and inclusivity. It sheds light on the dynamic world of mobile banking, digital wallets, fintech innovations, and blockchain technology, evaluating their collective impact on financial inclusion. The regulatory and ethical dimensions of these strategies are meticulously scrutinized to ensure that their proliferation aligns with the principles of sustainable development. Regulatory frameworks play a significant role in nurturing innovation while safeguarding the interests of consumers and the stability of financial systems. This paper focuses on the role of futuristic digital banking and e-financial strategies in accelerating financial inclusion, thereby contributing to SDG-1 compliance. It explores the various facets of digital banking, financial technologies, and regulatory compliance to evaluate their potential impact on addressing global poverty and advancing sustainable development.