Role of FinTech in enhancing climate finance accessibility in Bangladesh using the TOE framework

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This paper examines the impact of the Financial Technology (FinTech) adoption on improving climate finance accessibility in Bangladesh through the mediating role of financial inclusion in an extended Technology-Organization-Environment (TOE) framework. The quantitative research design was followed with the use of survey data gathered from 340 respondents in Bangladesh. The research used the Partial Least Squares Structural Equation Modeling (PLS-SEM) to determine the correlations between the technological, organizational, and environmental variables, FinTech adoption, financial inclusivity, and climate finance accessibility. The findings suggest that all TOE factors have a significant impact on the adoption of FinTech, but organizational factors have the greatest effect. The use of FinTech factually increases financial inclusion, which leads to the increased access to climate finance. Nevertheless, there is no strong impact of FinTech adoption on the accessibility of climate finance. The mediation test has affirmed that financial inclusion is a very important mediating variable in this relationship. The contribution of this study to the literature is that it integrates FinTech, financial inclusion, and climate finance into one framework. It presents the empirical data of a growing economy, such as Bangladesh, and gives directions to the policy makers to harness the digital finance to achieve inclusive and sustainable climate financing.