AI-enabled FinTech for innovative sustainability: promoting organizational sustainability practices in digital accounting and finance
International Journal of Accounting & Information Management
ISSN: 1834-7649
Article publication date: 16 August 2024
Abstract
Purpose
The purpose of this study is to delve into the intricate terrain of assimilating sustainability practices into digital accounting and finance, centring on the transformative dynamics introduced by artificial intelligence (AI)-enabled FinTech. The primary objective is to scrutinize critical lacunae in existing literature, exploring how organizations can meticulously construct comprehensive sustainability frameworks. Simultaneously, the study investigates the protracted repercussions of AI-enabled FinTech on the enduring sustainability paradigms.
Design/methodology/approach
Executing a systematic literature review, the research engaged in the meticulous identification and assessment of a voluminous pool of 1,158 articles. Using a judicious two-phase strategy, the scrutiny distilled a mere 64 pertinent articles, subjecting them to rigorous evaluation encompassing methodologies, contributions and overall quality. The Fuzzy Delphi method was used to elicit expert opinions and facilitate consensus-building, leveraging fuzzy logic to accommodate uncertainties in the data.
Findings
The review navigates the convoluted impact of AI across diverse sectors, accentuating its transformative imprint on realms such as health care, finance and transportation. Specifically, in the financial domain, the discerning eye of AI-enabled FinTech optimizes investment portfolios, augments risk assessment, propels financial inclusion and streamlines the intricate landscape of sustainability reporting. The study meticulously pinpoints research gaps encompassing investment optimization, risk management, financial inclusion, sustainability reporting and ethical considerations within the intricate milieu of AI-enabled FinTech. This research contributes to the existing body of knowledge by synthesizing intricate thematic strands, discerning overarching trends and spotlighting critical voids in the synthesis of sustainability practices and AI-enabled FinTech. The findings resonate with far-reaching implications, emphasizing the exigency of comprehensive investigations into the longitudinal sustainability ramifications instigated by AI-enabled FinTech.
Originality/value
The study underscores the imperative of crafting robust ethical frameworks for the equitable and transparent deployment of AI solutions within the intricate landscape of FinTech. Moreover, this research stands poised to shape organizational strategies, inform regulatory frameworks and guide investment decisions, thereby catalyzing the cultivation of conscientious and sustainable financial practices.
Keywords
Acknowledgements
Funding declaration: The authors hereby declare that there is no funding provided for this research.
Consent to participate declaration: The authors hereby declare that there are no human participants involved in this research.
Data availability declaration: The authors hereby declare that there is no data available for this research.
Conflict of interest: On behalf of all authors, I hereby confirm that, there is no funding approved/received/sanctioned for this research work. The manuscript is original work of the authors and not been submitted or considered for publication or presented in any conference. All authors contributing has been listed. The corresponding author confirms that there is no conflict of interest.
Citation
J. Nair, A., Manohar, S. and Mittal, A. (2024), "AI-enabled FinTech for innovative sustainability: promoting organizational sustainability practices in digital accounting and finance", International Journal of Accounting & Information Management, Vol. ahead-of-print No. ahead-of-print. https://doi.org/10.1108/IJAIM-05-2024-0172
Publisher
:Emerald Publishing Limited
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