The Government's Role in Defining and Promoting Fintech and Sustainability

Strategic policies, regulations and global coordination are key to fintech's shape as well as for the sustainability of the government. The premise of innovating for financial security essentially enabled and resulted in the innovation and the financial ecosystem of the country being inclusive and resilient. Such opportunities are provided through sandboxes, digital infrastructure investments as well as a boost for cybersecurity. ESG regulations such as green bonds would cause the financial institution to be more responsible and it would be responsible by the ESG regulations and by responsibility finance. With public private partnership and global cooperation, a case is made that makes the adoption and sustainability of fintech possible. However, the main thing to avoid the instability of the flow on innovation fire in case is the closing of the regulatory gaps through the digital processes circulation in the society and the cyber risks indication rather than promotion. Governments must adapt through time to the (changing) technologies in order to have sustainable economic growth.