The impact of financial inclusion and the accounting sector on financial technology: Algeria as an example

Abstract

The accounting sector is undergoing a significant transformation thanks to financial technology, which contributes to automating operations, analyzing big data, and facilitating access to financial information through cloud accounting applications. AI is also used to develop smart accounting systems, and cryptocurrency presents new challenges and opportunities.

In Algeria, financial inclusion efforts face challenges such as the high proportion of unbanked people, weak financial infrastructure, limited financial awareness, and the absence of legal frameworks. The study aimed to answer the fundamental problem of how fintech contributes to changing the nature of Algeria's accounting sector and what the role of these changes is in achieving financial inclusion.

For this reason, we divided this paper with a theoretical focus on the theoretical framework of fintech, financial inclusion, and a standard applied aspect using the questionnaire and collecting data from the reports of global organizations; the study concluded with a set of findings and recommendations, the most important of which

Algeria is developing infrastructure, encouraging the use of financial technology, and providing financial education to achieve financial inclusion. Fintech plays an important role in expanding access to financial services, reducing costs, and providing innovative services. The accounting sector also supports financial inclusion by providing accurate and reliable information, enhancing transparency and accountability, and supporting risk management. Algeria must develop legal and regulatory frameworks, modernize educational curricula, and develop accountants' skills to keep abreast of developments. The accounting sector can be vital in achieving financial inclusion in Algeria.