AI-Driven FinTech : Accelerating Sustainable Development Goals and Economic Growth in the Philippines

Abstract

The Philippines has emerged as a fintech hub powered by artificial intelligence in recent years, propelled by innovative governance, by broadening financial access, and a youthful, tech-inclined population. This flourishing AI-driven fintech environment has influenced Filipinos’ banking services accessibility and spurred economic expansion and innovation, indirectly supporting the UN’s sustainable development goals. Because more people use smartphones and the internet more frequently, many now view AI-driven fintech services as vital components of their daily lives. AI has made financial services and applications more customer-focused and technologically advanced; the increasing complexity of this dynamic setting is the primary reason for the recent rise in interest in this field. As a result, it is just logical to conduct an in-depth review of the relevant literature in this field. This research aims to summarize the significant AI-Fintech employed in the Philippines, analyze the benefits of applying and adopting AI-Fintech, outline fintech developments, possible risks, and disadvantages, analyze and evaluate possible challenges to the implementation of AI-Fintech in the Philippines, and provide recommendations to strengthen the bridge between academia, industry, and regulators. Finally, it aims to reveal research gaps in AI-driven financial technology.