EXAMINING THE IMPLEMENTATION AND UTILIZATION OF FINTECH IN CROWDFUNDING FOR SOCIAL SERVICES

Fintech has transformed several industries, including social service crowdfunding. This study examines fintech applications in social cause crowdfunding platforms. This paper analyses the present environment, major determinants, and the influence of fintech on crowdfunding for social services to identify possibilities, difficulties, and possible consequences for stakeholders. Mixed-methodologies research uses quantitative and qualitative methods. The research is based on academic papers, industry reports, and case studies on fintech and crowdfunding in social services. Fintech acceptance in crowdfunding platforms is influenced by theoretical frameworks, technical developments, and regulatory factors. Surveys and interviews with crowdfunding platform operators, social service organisations, and individual contributors gather primary data. Combining the results of statistical analyses of quantitative data with thematic analyses of qualitative data allows for a thorough understanding of the research problem. This investigation yielded numerous interesting results. First, fintech in crowdfunding platforms has increased social service fundraising reach and efficiency. Fintech has boosted donations for social organisations by simplifying payment processing, improving security, and providing user-friendly interfaces. The research finds trust and transparency issues in fintech-enabled crowdfunding. Data privacy, fraud prevention, and accountability are crucial challenges. These issues must be addressed to preserve the crowdfunding environment. Statistical techniques such as Anova, Chi square test and percentage and descriptive statistics employed to evaluate the relationship between Fintech adoption and campaign outcomes, including funds raised, donor participation, and project success rates. The study involves collecting primary and secondary data related to the implementation and utilization of Fintech in crowdfunding for social services. Finally, the study examines how regulatory frameworks affect fintech crowdfunding for social services. The report emphasises the need for flexible, adaptable policies that promote innovation and protect stakeholder interests. This study illuminates fintech use in social service crowdfunding platforms. Fintech can alter social cause fundraising. The results help crowdfunding platform operators, social service organisations, governments, and individual funders use fintech while managing its obstacles. Fintech in crowdfunding may empower underserved populations by increasing trust, transparency, and regulatory reform.

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Keywords: Fintech, Social Service, Crowdfunding, Fintech Applications.


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