{"title":"Technology Advancements Shaping the Financial Inclusion Landscape: Present Interventions, Emergence of Artificial Intelligence and Future Directions","authors":"Oluwafemi Akanfe, Paras Bhatt, Diane A. Lawong","doi":"10.1007/s10796-025-10597-z","DOIUrl":null,"url":null,"abstract":"<p>The global commitment to advancing financial inclusion (FI) relies on technology to connect underserved communities with the formal financial sector. Existing traditional technologies have made some progress, but they often fail to adapt to the unique needs of these populations. Although artificial intelligence (AI) offers new possibilities to meet these limitations, its rapid advancement has outpaced the development of integrative studies, leaving its potential impact on financial access by the underserved largely unexplored. Existing research provides fragmented insights into how different technological interventions impact diverse groups. We develop a segment-outcome-focused analysis to structure a scoping review of 95 information systems studies to assess current technological advances for FI and explore how AI can address their limitations, including limited digital literacy, uneven and high cost of infrastructure, and service personalization. We then engender future research directions and conclude with theoretical contributions and practical implications, emphasizing the potential of AI solutions to advance FI.</p>","PeriodicalId":13610,"journal":{"name":"Information Systems Frontiers","volume":"2 1","pages":""},"PeriodicalIF":6.9000,"publicationDate":"2025-03-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Information Systems Frontiers","FirstCategoryId":"94","ListUrlMain":"https://doi.org/10.1007/s10796-025-10597-z","RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"COMPUTER SCIENCE, INFORMATION SYSTEMS","Score":null,"Total":0}
引用次数: 0
Abstract
The global commitment to advancing financial inclusion (FI) relies on technology to connect underserved communities with the formal financial sector. Existing traditional technologies have made some progress, but they often fail to adapt to the unique needs of these populations. Although artificial intelligence (AI) offers new possibilities to meet these limitations, its rapid advancement has outpaced the development of integrative studies, leaving its potential impact on financial access by the underserved largely unexplored. Existing research provides fragmented insights into how different technological interventions impact diverse groups. We develop a segment-outcome-focused analysis to structure a scoping review of 95 information systems studies to assess current technological advances for FI and explore how AI can address their limitations, including limited digital literacy, uneven and high cost of infrastructure, and service personalization. We then engender future research directions and conclude with theoretical contributions and practical implications, emphasizing the potential of AI solutions to advance FI.
期刊介绍:
The interdisciplinary interfaces of Information Systems (IS) are fast emerging as defining areas of research and development in IS. These developments are largely due to the transformation of Information Technology (IT) towards networked worlds and its effects on global communications and economies. While these developments are shaping the way information is used in all forms of human enterprise, they are also setting the tone and pace of information systems of the future. The major advances in IT such as client/server systems, the Internet and the desktop/multimedia computing revolution, for example, have led to numerous important vistas of research and development with considerable practical impact and academic significance. While the industry seeks to develop high performance IS/IT solutions to a variety of contemporary information support needs, academia looks to extend the reach of IS technology into new application domains. Information Systems Frontiers (ISF) aims to provide a common forum of dissemination of frontline industrial developments of substantial academic value and pioneering academic research of significant practical impact.