Securing the Digital Financial Frontier: Advancing SDGs through Inclusive Fintech and Robust Cybersecurity- A Mixed Method Approach.

Securing the Digital Financial Frontier: Advancing SDGs through Inclusive Fintech and Robust Cybersecurity- A Mixed Method Approach.

Shreya Srinate, Iti, DR. Leena Sharad Shimpi & DR. Amit Kumar Singh.

Shreya Srinate1 - Research Scholar, Department of Commerce Babasaheb Bhimrao Ambedkar University- A Central University. E-mail: ishreyasrinate123@gmail.com, shreya.rs.drm@email.bbau.ac.in

Iti2   - Research Scholar, Department of Commerce Babasaheb Bhimrao Ambedkar University- A Central University. E-mail: iti.rs.drm@email.bbau.ac.in

Dr. Leena Sharad Shimpi3 - Associate Professor, Department of Commerce Babasaheb Bhimrao Ambedkar University- A Central University. E-mail: leena3174@gmail.com

Prof. Amit Kumar Singh, Professor4 - Department of Management Studies, School of Management and Commerce, Babasaheb Bhimrao Ambedkar University - A Central University. Email: f11amitkumars@iima.ac.in

ABSTRACT:

This paper investigates the synergy between fintech innovations, cybersecurity imperatives, and Sustainable Development Goals (SDGs) to foster inclusive and sustainable digital financial ecosystems, with a focus on developing economies like India. Through a mixed-methods research design, combining qualitative case studies and quantitative data analysis from 2020–2024, the study evaluates fintech’s role in financial inclusion, cybersecurity vulnerabilities, and scalable solutions. The literature study cites the transformational power of fintech UPI and Kenya's M-Pesa, which helped households escape poverty, aligning with SDGs 1 (No Poverty), 8 (Decent Work and Economic Growth), and 10 (Reduced Inequalities). Results highlight fintech’s scalability, with P2P lending facilitating ₹5,400 crore in loans and blockchain-based Trade Receivables Discounting System (TReDS) supporting 15,000 MSMEs. However, cybersecurity challenges, including 11 million cyber incidents in India (2020) and a 2023 data breach affecting 815 million records, threaten trust, particularly among rural users, with 64% citing security concerns as a barrier. The research methodology integrates secondary data from academic literature, industry reports, and policy documents, employing thematic analysis, descriptive statistics, and case study frameworks to propose actionable cybersecurity measures like encryption, multi-factor authentication, and compliance with India’s Digital Personal Data Protection Act (2023). Emerging technologies, such as India’s digital rupee pilot (CBDC) and graph analytics for fraud detection, are assessed for enhancing security and inclusion, supporting SDGs 9 (Industry, Innovation, and Infrastructure) and 16 (Peace, Justice, and Strong Institutions). The discussion emphasizes balancing innovation with security to sustain consumer trust, while the conclusion advocates for a resilient digital financial frontier that empowers marginalized communities and advances global sustainability goals.

Keywords: Fintech, Cybersecurity, Financial Inclusion, Sustainable Development Goals, CBDCs, Graph Analytics, Mixed-Methods Research