The Impact of SDGs on the Sustainable Development of the FinTech Industry: A Business, Science and Public Sector Perspective

​Dear Expert,

I am a second year PhD student and conducting a study "The Impact of SDGs on the Sustainable Development of the FinTech Industry: A Business, Science and Public Sector Perspective”. The aim of the research is to assess the impact of the Sustainable Development Goals on the sustainable development of FinTech industry from business, science and public sector perspective, indicate the main drivers and provide recommendations for further sustainable development of FinTech industry.

In order to identify indicators influencing the sustainable development of FinTech industry, I conducted a correlation analysis to evaluate a possible statistical link between FinTech PEST environment indicators and the SDG achievement indicators, which confirmed a statistical link between FinTech PEST environment and SDG4, SDG8, SDG9, SDG16. Accordingly, I divided the indicators into four groups - (1) decent work and economic growth, (2) industry, innovation and infrastructure, (3) peace, justice and strong institutions, (4) quality education. Please note that I listed the indicators in each group in alphabetical order.

If you have any comments on the indicators or observations on further research please contact me by email [email protected]

Thank you in advance for your time!

Anketos rezultatai yra viešai prieinami

The sector you represent:

1.1. Rank the "Decent Work and Economic Growth" indicators below in order of importance for the sustainable development of FinTech industry (1 - most important, 4 - least important):

1
2
3
4
1.1.1. Adjusted GDP growth (The growth rate of GDP adjusted to income levels and expressed relative to the US growth performance. GDP is the sum of gross value added by all resident producers in the economy, plus any product taxes and minus any subsidies not included in the value of the products).
1.1.2. Adults with an account at a bank or other financial institution or with a mobile-money-service provider (The percentage of adults, 15 years and older, who report having an account (by themselves or with someone else) at a bank or another type of financial institution, or who have personally used a mobile money service within the past 12 months).
1.1.3. Employment-to-population ratio (The ratio of the employed to the working age population. Employed people are those aged 15 or older who were in paid employment or self-employed during a specified period. The working age population refers to people aged 15 to 64).
1.1.4. Youth not in employment, education or training (The percentage of young people who are not in employment, education or training (NEET). Education includes part-time or full-time education, but exclude those in non-formal education and in educational activities of very short duration. Employment is defined according to the ILO Guidelines and covers all those who have been in paid work for at least one hour in the reference week or were temporarily absent from such work).

1.2. Assess the significance of the "Decent Work and Economic Growth" indicators for the sustainable development of FinTech industry in one hundred parts (the total sum of the evaluations of all indicators must be 100 points, the evaluations can’t be repeated):

70
65
60
55
50
45
40
35
30
25
20
15
10
5
1.2.1. Adjusted GDP growth
1.2.2. Adults with an account at a bank or other financial institution or with a mobile-money-service provider
1.2.3. Employment-to-population ratio (%)
1.2.4. Youth not in employment, education or training (NEET) (% of population aged 15 to 29)

2.1. Rank the "Industry, Innovation and Infrastructure" indicators below in order of importance for the sustainable development of FinTech industry (1 - most important, 4 - least important):

1
2
3
4
2.1.1. Expenditure on research and development (Gross domestic expenditure on scientific research and experimental development (R&D) expressed as a percentage of Gross Domestic Product (GDP)).
2.1.2. Gap in internet access by income (The difference in the percentage of household Internet access between the top and bottom income quartiles).
2.1.3. Mobile broadband subscriptions (The number of mobile broadband subscriptions per 100 population. Mobile broadband subscriptions refer to subscriptions to mobile cellular networks with access to data communications (e.g. the Internet) at broadband speeds, irrespective of the device used to access the internet).
2.1.4. Population using the internet (The percentage of the population who used the Internet from any location in the last three months. Access could be via a fixed or mobile network).

2.2. Assess the significance of the "Industry, Innovation and Infrastructure" indicators for the sustainable development of FinTech industry in one hundred parts (the total sum of the evaluations of all indicators must be 100 points, the evaluations can’t be repeated):

70
65
60
55
50
45
40
35
30
25
20
15
10
5
2.2.1. Expenditure on research and development
2.2.2. Gap in internet access by income
2.2.3. Mobile broadband subscriptions
2.2.4. Population using the internet

3.1. Rank the "Peace, Justice and Strong Institutions" indicators below in order of importance for the sustainable development of FinTech industry (1 - most important, 4 - least important):

1
2
3
4
3.1.1. Corruption Perception Index (The perceived levels of public sector corruption, on a scale from 0 (highest level of perceived corruption) to 100 (lowest level of perceived corruption). The CPI aggregates data from a number of different sources that provide perceptions of business people and country experts).
3.1.2. Population who feel safe walking alone at night in the city or area where they live (The percentage of the surveyed population that responded "Yes" to the question "Do you feel safe walking alone at night in the city or area where you live?").)
3.1.3. Press Freedom Index (Degree of freedom available to journalists in 180 countries and regions, determined by pooling the responses of experts to a questionnaire devised by RSF).
3.1.4. Property Rights (Survey-based assessment of protection of property rights, on a scale from 1 (worst) to 7 (best). The indicator reports respondents' qualitative assessment based on answers to several questions on the protection of property rights and intellectual property rights protection).

3.2. Assess the significance of the "Peace, Justice and Strong Institutions" indicators for the sustainable development of FinTech industry in one hundred parts (the total sum of the evaluations of all indicators must be 100 points, the evaluations can’t be repeated):

70
65
60
55
50
45
40
35
30
25
20
15
10
5
3.2.1. Corruption Perception Index
3.2.2. Population who feel safe walking alone at night in the city or area where they live (%)
3.2.3. Press Freedom Index
3.2.4. Property Rights

4.1. Rank the "Quality Education" indicators below in order of importance for the sustainable development of FinTech industry (1 - most important, 4 - least important):

1
2
3
4
4.1.1. PISA score (Internationally standardized national assessment of 15-year-olds in schools, assessing how far students near the end of compulsory education have acquired some of the knowledge and skills that are essential for full participation in society, like reading, mathematics, and science).
4.1.2. Tertiary educational attainment (The percentage of the population, aged 25 to 34, who have completed tertiary education).
4.1.3. Underachievers in science (Percentage of 15-year-old students with a performance in science below level 2 (less than 409.54 score points)).
4.1.4. Variation in science performance explained by socio-economic status (Percentage of variation in science performance explained by students' socio-economic status).

4.2. Assess the significance of the "Quality Education" indicators for the sustainable development of FinTech industry in one hundred parts (the total sum of the evaluations of all indicators must be 100 points, the evaluations can’t be repeated):

70
65
60
55
50
45
40
35
30
25
20
15
10
5
4.2.1. PISA score
4.2.2. Tertiary educational attainment
4.2.3. Underachievers in science
4.2.4. Variation in science performance explained by socio-economic status

5.1. Rank the Sustainable Development Goals below in order of importance for the sustainable development of FinTech industry (1 - most important, 4 - least important):

1
2
3
4
5.1.1. Decent Work and Economic Growth (SDG8)
5.1.2. Industry, Innovation and Infrastructure (SDG9)
5.1.3. Peace, Justice and Strong Institutions (SDG16)
5.1.4. Quality Education (SDG4)

5.2. Assess the significance of the Sustainable Development Goals in one hundred parts (the total sum of the evaluations of all indicators must be 100 points, the evaluations can’t be repeated):

70
65
60
55
50
45
40
35
30
25
20
15
10
5
5.2.1. Decent Work and Economic Growth (SDG8)
5.2.2. Industry, Innovation and Infrastructure (SDG9)
5.2.3. Peace, Justice and Strong Institutions (SDG16)
5.2.4. Quality Education (SDG4)