Artificial Intelligence Enabled Fintech as A Driver of Financial Inclusion in Emerging Economies: An Indian Perspective

Abstract

The convergence of Artificial Intelligence (AI) and Financial Technology (FinTech) has reshaped the structure and outreach of modern financial systems, particularly in emerging economies. This paper examines how AI-enabled FinTech solutions contribute to financial inclusion by expanding access to affordable, efficient, and secure financial services. Using India as a contextual case, the study adopts a qualitative and analytical approach based on secondary data sourced from regulatory reports, global financial institutions, and peer-reviewed academic literature. The analysis highlights the role of AI-driven digital payments, alternative credit assessment models, robo-advisory platforms, and intelligent fraud detection systems in reducing financial exclusion. The study finds that AI-powered FinTech significantly lowers information asymmetry, improves service personalization, and enables last-mile financial connectivity. The paper offers policy-relevant insights for regulators and financial institutions while contributing to contemporary FinTech literature.