The role of fintech in U.S. entrepreneurship: How AI is shaping the future of financial services

This study explores the transformative role of financial technology (FinTech) and artificial intelligence (AI) in driving entrepreneurship and reshaping financial services in the United States. Using data spanning from 2010 to 2022, the research evaluates the interplay between AI investment, financial inclusion, governmental programs, and societal perceptions to determine their impact on entrepreneurial activity. By employing regression analysis and diagnostic tests, the study provides a nuanced understanding of these relationships.
The findings reveal that AI-related variables, particularly AI investment and technology usage, significantly enhance entrepreneurial activity by fostering innovation, improving decision-making, and optimizing business operations. Conversely, traditional financial metrics, such as credit availability and account ownership, show limited or negative impacts, highlighting inefficiencies in their allocation or accessibility. Surprisingly, governmental programs and societal perceptions of high entrepreneurial status exhibit negative associations with entrepreneurship, suggesting that exclusivity and inefficient interventions may deter broader participation in entrepreneurial ventures.
These insights underscore the importance of rethinking financial strategies and policies to align with technological advancements. The study emphasizes the need for accessible AI-driven solutions, improved financial accessibility, and inclusive policies to foster a more equitable entrepreneurial ecosystem. By challenging conventional perspectives, this research contributes valuable recommendations for stakeholders to harness FinTech and AI for sustainable growth and innovation.