Ariful Hoque

This study aims to explore the impact of financial knowledge on getting microfinance access. An experimental methodology is employed, particularly probabilistic models, such as Logit and Probit, using data from a primary survey. The results of this study confirm that knowledge of savings and loans, savings and loan interest rates, installment payments, and security deposits have positive and significant effects on access to microfinance. Access to microfinance promotes Sustainable Development through reducing poverty (SDG 1), achieving zero hunger (SDG 2), promoting gender equality (SDG 5), creating decent employment, promoting economic growth, and reducing income inequality (SDG 10).

The recent emergence of financial technology innovations in the financial services industry also faces many challenges due to some significant risks. This chapter aims to identify specific fintech risks and appropriate ways to manage the risks. A qualitative research method is used to explore the objectives of this study. The findings of this study include the major risks behind the rapid development of fintech, and the fintech risk management steps. Also, this study identifies four key regulatory techniques that have important applications in managing and monitoring fintech risks. Finally, the findings summarize the main challenges of fintech risk management.