Sakthirama Vadivelu
ABSTRACT
To create a more equitable society, financial services should be available and accessible to most of the nation's population. Extensive research on the existing literature shows that Fintech and Blockchain are the prime sectors that could bridge the gap and improve financial inclusion in the nation. The primary objective of the study is to understand the prospects of financial inclusion and how blockchain and fintech can help achieve that.
The specific objectives include to understand the architecture and benefits of Blockchain and Fintech through the study on literature, to establish a framework to bring the blockchain infrastructure to financial inclusion and determine the factors that need to be improved for greater financial inclusion in rural areas.
The study found the architecture and benefits based on existing research and establish a framework to bring the blockchain infrastructure's use of financial inclusion. The gap in the research is that the study is perceptive and no definite conclusion has been reached from the past studies. Based on the research analysis, common factors that were related to financial inclusion has been determined and considered for review analysis. The result findings of the study such as major challenges of the technology interventions of blockchain and fintech technologies could be used and offer recommendation for greater financial inclusion.
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Index Terms
- Conglomeration of fin-tech and block chain for greater financial inclusion - Systematic review analysis
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