Empowering sustainable development: The crucial nexus of green fintech and green finance in Luxembourg’s banking sector

Mariam Sohail, Soha Khan, Ahsan Akbar, Libuse Svobodova

Article ID: 4979
Vol 8, Issue 7, 2024

VIEWS - 230 (Abstract) 178 (PDF)

Abstract


Luxembourg institutions have the opportunity to reconcile environmental goals with financial stability by implementing Green Fintech solutions, as the banking sector increasingly recognizes the importance of sustainability. This study employs a quantitative approach and analyzes data collected from 150 participants working in the banking industry of Luxembourg. The research aims to assess the consequences of adopting Green Fintech on sustainable development. Banking institutions can boost their financial resilience and mitigate climate-related risks by adopting Green Fintech, which improves their sustainability. The paper emphasizes the importance of Green Fintech in the Luxembourg banking sector for advancing sustainable development goals. To effectively address the increasingly complex environmental concerns, it is crucial to embrace innovative Fintechs.


Keywords


green fintech; sustainable development; green finance; Luxembourg banks, qu antitative methodology, financial stability

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References


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DOI: https://doi.org/10.24294/jipd.v8i7.4979

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