Research article

Decoding sustainable finance: A Multi-Criteria Approach to financial inclusion barriers in High-Income Economies

  • Received: 20 June 2024 Revised: 08 November 2024 Accepted: 10 February 2025 Published: 12 February 2025
  • JEL Codes: G20, O16, I38

  • Financial inclusion is crucial for poverty reduction and inclusive growth. Although most research has focused on developing economies, increasing social exclusion in developed nations calls for a closer look at the barriers impeding financial inclusion in these contexts. This study examines how demand-side, supply-side and institutional/regulatory factors interrelate in developed countries. A comprehensive literature review identified key barriers, which were then evaluated by a panel of 12 experts from academia and the financial industry through structured questionnaires and in-depth interviews. The study applied fuzzy DEMATEL to uncover causal relationships, used interpretive structural modeling (ISM) to establish a hierarchical structure of the barriers and conducted MICMAC analysis to classify them based on driving and dependence power. Findings indicate that the most critical obstacles are primarily institutional and supply-side in nature, including the absence of a coordinated national policy, inadequate regulations, limited rural financial services, restricted banking access and unsuitable financial products. While demand-side factors, such as low financial literacy and a lack of trust in the financial system, were observed, their influence was comparatively lower. The results underscore the complexity and interdependence of barriers to financial inclusion in developed countries. They challenge the assumption that high-income economies naturally foster inclusivity, suggesting that policies focusing solely on demand-side factors are insufficient. Instead, coordinated strategies addressing multiple barriers simultaneously are essential for advancing financial inclusion and promoting inclusive growth.

    Citation: Jordi Capó Vicedo, José-Vicente Tomás-Miquel. Decoding sustainable finance: A Multi-Criteria Approach to financial inclusion barriers in High-Income Economies[J]. Green Finance, 2025, 7(1): 83-116. doi: 10.3934/GF.2025004

    Related Papers:

    [1] Saranya Muniyappan, Arockia Xavier Annie Rayan, Geetha Thekkumpurath Varrieth . DTiGNN: Learning drug-target embedding from a heterogeneous biological network based on a two-level attention-based graph neural network. Mathematical Biosciences and Engineering, 2023, 20(5): 9530-9571. doi: 10.3934/mbe.2023419
    [2] Jiahui Wen, Haitao Gan, Zhi Yang, Ran Zhou, Jing Zhao, Zhiwei Ye . Mutual-DTI: A mutual interaction feature-based neural network for drug-target protein interaction prediction. Mathematical Biosciences and Engineering, 2023, 20(6): 10610-10625. doi: 10.3934/mbe.2023469
    [3] Peter Hinow, Philip Gerlee, Lisa J. McCawley, Vito Quaranta, Madalina Ciobanu, Shizhen Wang, Jason M. Graham, Bruce P. Ayati, Jonathan Claridge, Kristin R. Swanson, Mary Loveless, Alexander R. A. Anderson . A spatial model of tumor-host interaction: Application of chemotherapy. Mathematical Biosciences and Engineering, 2009, 6(3): 521-546. doi: 10.3934/mbe.2009.6.521
    [4] Wen Zhu, Yuxin Guo, Quan Zou . Prediction of presynaptic and postsynaptic neurotoxins based on feature extraction. Mathematical Biosciences and Engineering, 2021, 18(5): 5943-5958. doi: 10.3934/mbe.2021297
    [5] Bo Zhou, Bing Ran, Lei Chen . A GraphSAGE-based model with fingerprints only to predict drug-drug interactions. Mathematical Biosciences and Engineering, 2024, 21(2): 2922-2942. doi: 10.3934/mbe.2024130
    [6] Xinglong Yin, Lei Liu, Huaxiao Liu, Qi Wu . Heterogeneous cross-project defect prediction with multiple source projects based on transfer learning. Mathematical Biosciences and Engineering, 2020, 17(2): 1020-1040. doi: 10.3934/mbe.2020054
    [7] Huiqing Wang, Sen Zhao, Jing Zhao, Zhipeng Feng . A model for predicting drug-disease associations based on dense convolutional attention network. Mathematical Biosciences and Engineering, 2021, 18(6): 7419-7439. doi: 10.3934/mbe.2021367
    [8] Rachael C. Adams, Behnam Rashidieh . Can computers conceive the complexity of cancer to cure it? Using artificial intelligence technology in cancer modelling and drug discovery. Mathematical Biosciences and Engineering, 2020, 17(6): 6515-6530. doi: 10.3934/mbe.2020340
    [9] Dong Ma, Shuang Li, Zhihua Chen . Drug-target binding affinity prediction method based on a deep graph neural network. Mathematical Biosciences and Engineering, 2023, 20(1): 269-282. doi: 10.3934/mbe.2023012
    [10] Xianfang Wang, Qimeng Li, Yifeng Liu, Zhiyong Du, Ruixia Jin . Drug repositioning of COVID-19 based on mixed graph network and ion channel. Mathematical Biosciences and Engineering, 2022, 19(4): 3269-3284. doi: 10.3934/mbe.2022151
  • Financial inclusion is crucial for poverty reduction and inclusive growth. Although most research has focused on developing economies, increasing social exclusion in developed nations calls for a closer look at the barriers impeding financial inclusion in these contexts. This study examines how demand-side, supply-side and institutional/regulatory factors interrelate in developed countries. A comprehensive literature review identified key barriers, which were then evaluated by a panel of 12 experts from academia and the financial industry through structured questionnaires and in-depth interviews. The study applied fuzzy DEMATEL to uncover causal relationships, used interpretive structural modeling (ISM) to establish a hierarchical structure of the barriers and conducted MICMAC analysis to classify them based on driving and dependence power. Findings indicate that the most critical obstacles are primarily institutional and supply-side in nature, including the absence of a coordinated national policy, inadequate regulations, limited rural financial services, restricted banking access and unsuitable financial products. While demand-side factors, such as low financial literacy and a lack of trust in the financial system, were observed, their influence was comparatively lower. The results underscore the complexity and interdependence of barriers to financial inclusion in developed countries. They challenge the assumption that high-income economies naturally foster inclusivity, suggesting that policies focusing solely on demand-side factors are insufficient. Instead, coordinated strategies addressing multiple barriers simultaneously are essential for advancing financial inclusion and promoting inclusive growth.



    Drug-target interactions (DTIs) involve the binding of a drug to the relevant site of a target protein to trigger a biochemical reaction [1]. The efficacy is related to the biological activity of the protein. However, it is complicated for experiments to predict a drug's success and drug discovery is time-consuming and expensive [2,3], which is estimated to typically take 12–15 years and cost over $100 million [4]. For these reasons, in the past decades, computer-aided drug design (CADD) has been proposed to discriminate new drugs and consists of processes such as virtual screening, molecular docking, and QSAR methods [5]. Currently, due to limited ligand data and the limited information on the structure of novel target proteins [6], these approaches are inappropriate and inefficient given the growth of available biological and chemical data [2]. Recently, with the advent of various deep learning methods, a significant future trend in AI-based drug discovery has been identified [7]. It is essential for drug discovery to accurately predict the number of DTIs [8]. Therefore, it is urgent to devise richer and more compatible computational methods to differentiate between potential DTIs.

    The concept of "guilt-by-association" [9] has been described in DTIs prediction. It is defined that if drug A has target proteins, and the action event between drug B is similar to drug A, targets interactions are likely to appear, and the reverse is also true. Machine learning methods are used for DTIs prediction and can successfully solve the assumption. For instance, Mei et al. [10] proposed bipartite local models (BLMs) that considered neighbors' interaction profiles where neighbor-based interaction-profile inferring (NII) can be effective in defining a new candidate problem. Luo et al. [11] used an inductive matrix completion method, in which seven kinds of drug/target-related similarities were included in an integrated network (e.g., drugs, proteins, diseases, and side-effects). Ezzat et al. [12] proposed graph regularized matrix factorization (GRMF) and weighted graph regularized matrix factorization (WGRMF) methods that introduced graph regularization into the matrix factorization in order to learn manifolds. Moreover, a preprocessing step (WKNKN) has been developed to rescore unknown drug-target pairs that were previously regarded as null values. Although these methods have been proven to be effective, there are challenges to overcome complex data structures such as interaction networks of drugs or targets. Furthermore, the rapid growth of drug/target-related data has outpaced their ability to process and analyze information. With the emergence of diverse and enriched feature representations, the efficacy of the above methods may limit the exploration of more comprehensive topological information and node characteristics between drugs and target proteins.

    Network-based algorithms and feature-based algorithms become famous in the field. Generally, identifying DTIs is considered as a binary classification task by extracting features vectors of drugs as well as targets. Several number of heterogeneous data have been integrated into a heterogeneous network to boost the accuracy of DTIs prediction tasks [13]. The deep belief network (DBN) [14] has been proposed to build an end-to-end method for abstracting raw input samples. Moreover, sequence-based approaches are universal. Different architectures [15,16,17,18] have been developed for feature extraction of sequence information. DrugVQA [19] employs a bidirectional long-short time memory network to tackle the prediction problem. Furthermore, graph-based methods are suitable for the two-dimensional representation of structural information. Zhao et al. [20] utilized a combination of graph convolutional network (GCN) and deep neural network (DNN) to enhance the identification of DTIs. GNN was coupled with CNN, which was designed as drug feature and target feature extraction method [21]. LASSO has been employed by You et al. [22] as a feature procession. Thafar et al. [23] constructed the DTi2Vec model including graph embedding which capture relationships between drugs and targets and then these features are fed into the ensemble classifier for prediction analyses. Huang et al. designed a molecular sub-structure representation and used massive unlabeled biomedical data through an augment transformer [24]. Peng et al. [25] introduced CNN to identify DTIs and trained the denoising autoencoder (DAE) as a feature selector. Although these methods can effectively predict DTIs, the problem of parameter count and computation amount need to be given more attention.

    The broad learning system (BLS) [26] is characterized by a relatively simple neural network architecture comprising only three layers of neurons. Inspired by the concept of the random vector functional-link neural network (RVFLNN) [27,28], its training procedure is facilitated through pseudo-inverse calculations. Due to its training procedure and flat structure, BLS has the advantages of fast computing speed and few training parameters. Therefore, BLS has been widely applied to various disciplines including medicine [29]. For instance, Fan et al. [30] proposed a stacked ensemble classifier build by BLS for the prediction of interactions between lncRNA and proteins. Zheng et al. [31] designed a modified BLS-based model to predict miRNA-disease associations using sequence similarities of microRNA (miRNAs). The above applications of BLS in this area have been proven to be useful. However, there is a lack of related research for DTIs based on BLS. Additionally, since labeled data volumes are always sparse and insufficient, prediction modeling is to performance is inadequate. By fusing information from multiple aspects to overcome the limitations, the above methods can improve the performance, indicating that these combined models could solve the challenge of interaction matrix sparsity.

    In this study, we developed a novel model called ConvBLS-DTI to predict DTIs. Compared with the previous DTI predictive methods, ConvBLS-DTI integrates matrix factorization with the broad learning system, yielding reliable DTI prediction results. The task of DTI prediction is formulated as a binary classification problem to determine whether a drug-target pair is a DTI. The major contributions of this paper are as follows:

    1) We address the challenges of data sparsity and incompleteness by employing a WKNKN algorithm as a pre-processing step, which help to mitigate the adverse effects of a large number missing interaction value.

    2) We propose a matrix factorization technique used on the interaction matrix to generate two latent feature matrices for drugs and targets, thereby enabling the learning of low-dimensional vector representations of features.

    3) Based on the CNN algorithm, ConvBLS-DTI can handle the DTIs prediction, taking the extracted drug-target pairs feature vectors as inputs.

    The architecture of the proposed ConvBLS-DTI method is depicted in Figure 1. It is primarily composed of three sessions: First, we utilized the WKNKN algorithm to alleviate the sparsity of the DTI matrix, thus enhancing the input information complement of the model and improving its predictive performance. After construction of the DTI matrix, matrix factorization is used to decompose DTI matrix into two feature matrices of low ranks which obtains vector representation of the drug features and target features. Then, the drug feature vectors combine with the target feature vectors together to get the final feature vectors. Finally, ConvBLS is built for classification. A CNN is leveraged to enhance the nodes' representation, followed by a broad learning module, which further enable satisfactory results in effective identification of DTIs.

    Figure 1.  Overview of the ConvBLS-DTI predictive workflow.

    We initially reconstruct the interaction matrix using the computational preprocessing technique, which can effectively complement the interaction matrix for the identification of DTIs and improve the known DTI samples. As shown on the left side of step A in Figure 1, the green circles, the red triangles, and the blue lines separately denote drugs, targets and the known interaction. D={di}ndi=1 and T={tj}ntj=1 are separately described as each node for drugs and targets, where nd is the number of drugs and nt is the number of targets. The associations between nd drugs and nt targets are represented by an interaction matrix Y{0,1}, in which Yij=1 indicates a known interaction between drug di and target tj, and Yij=0 otherwise. In addition, the similarity matrix of both drugs and targets is represented as SDRnd×nd and STRnt×nt.

    Numerous unknown interactions can significantly impact the evaluation outcome of the model and introduce prediction bias. In DTIs prediction, weighted k-nearest neighbors (k-NN) has been employed to leverage similarity measures to promote further prediction performance. Weighted k-NN considers both neighbor similarity and distances, incorporating distance weights to calculate likelihood values of unconfirmed drug-target interactions. Specifically, given a drug-target pair, the algorithm first identifies the k-NN and assigns weights to each neighbor based on their similarity and distance. Weight involved in WKNKN [12] is computed by Gaussian weighting method. The calculated weighted likelihood values can be used to predict the likelihood of unknown DTIs within the matrix. Here, the specific operation is achieved through the following three steps:

    Yd(d)=1MdKi=1ωdiY(di) (2.1)

    where Yd(d) denotes the likelihood score of interaction for drug di. Md is defined as a normalization term, ω coefficient represents the weights of the K nearest known neighbors of drug di. Similarly, the same terms are computed to estimate the interaction likelihood score of the target tj:

    Yt(t)=1MtKi=1ωtjY(tj) (2.2)

    where Yt(t) denotes the likelihood score of interaction for target tj. Mt is the normalization term and ω coefficient represents the weights of the K nearest known neighbors of target tj. Finally, the derived formula is as follows:

    YWKNKN=max(Yd+Yt2,Y) (2.3)

    Therefore, if Yij is 0, YWKNKN replaces it with an average of the weighted interaction likelihood value. For the matrix representation, 0 and 1 denote the absence and presence of interactions between drugs and targets, respectively. Likelihood serves as a measure of the possibility of interaction between a drug and a target, typically ranging from 0 to 1. Higher likelihood values indicate a higher likelihood of interaction, while lower likelihood values suggest a lower likelihood.

    Considering that most studies mainly concentrate on extracting features from drugs and targets individually and less on the relationships of the DTI, neighbor regularization logistic matrix factorization (NRLMF) [32] is used to represent drugs and targets in the right part of step B. NRLMF is an unsupervised learning strategy that mainly infers unknowns through known interactions and their similarities, so no negative samples are required. The valid connections are denoted as the modified interaction matrix made of known and unknown interactions. As shown in Figure 1, the DTI probabilities can be defined as a logistic function:

    Pi,j=exp(uivTj)1+exp(uivTj) (2.4)

    where each term uiR1×r is denoted as the r-dimensional potential representation of each drug di. Similarly, each term vjR1×r represents the r-dimensional potential representation of each target tj. In this way, the potential feature vectors for all drugs and all targets can be summarized as U=(uT1,,uTnd) and V=(vT1,,vTnt), where T refers to the transpose of the matrix.

    The neighborhood regularization method proposes to add the nearest neighbors of drugs and targets to further increase information diversity and enable higher accuracy without overfitting. The neighborhood regularization is achieved by:

    α2ndindjSPiμ||uiuj||2f (2.5)
    α2ntintjSQϑj||vivj||2f (2.6)

    where α is the Laplace regularization parameter, and ||||f is the Frobenius norm of the matrix, and the parameters SP and SQ represent neighbors similarity measure matrix are given by:

    SPiμ=SDiμ if dμWd(di) else SPiμ=0 (2.7)
    SQϑj=STϑj if tϑWt(tj) else SQϑj=0 (2.8)

    where SD and ST denote as similarity matrix, and Wd(di) is defined as the nearest neighbors of a node di, and Wt(tj) is defined as the nearest neighbors of a node tj.

    The matrix factorization (MF) method decomposes the interaction matrix into two low-rank matrices. The MF is formulated as a feature extraction task to obtain the description of the drugs and their targets as features. The feature matrix is obtained by maximizing the objective function via the posterior probability distribution:

    maxU,VP(U,V|Y,σ2d,σ2t) (2.9)

    where Y denotes the interaction matrix, σ2d and σ2t are parameters that control the variance of Gaussian distribution of drug set and target set.

    Thus, drugs and targets can be denoted as two r-dimensional feature representations. As illustrated in Figure 2, the drug feature is UD=[DF1,DF2,...,DFr], and the target feature is VT=[TF1,TF2,...,TFr]. Then, the drug feature vectors and target feature vectors are merged and assigned the label based on the interaction matrix Y. To ensure the quality of the model, the number of negative samples is equal to positive number in each dataset. Negative samples are randomly generated based on the interaction matrix Y. The pairwise drug–target feature vector is used as input to the neural network, which can be expressed as FV = [DF1,DF2,...,DFr,TF1,TF2,...,TFr].

    Figure 2.  Construction of potential feature vectors for a drug-target pair.

    After concatenating the features of drugs and targets, in order to achieve better performance and train more effectively, the ConvBLS model is used as a classification method to determine the predictions of the DTIs. As shown in Figure 3, we developed a broad learning system that combined convolutional neural network to extract high-quality drug and target representations for better prediction.

    Figure 3.  ConvBLS network structure.

    ConvBLS mostly includes two parts: The 1D-CNN module and enhancement nodes. CNN block is used to learn a representative features of targets and drugs. The input data of 1D-CNN is a one-dimensional feature vectors, and the convolution kernel is also in one-dimensional form. The enhancement layer is responsible for further feature extracting. The detailed network structure is shown in Figure 3. This section completes the classification task with ConvBLS.

    Given the lack of learning ability of the original feature mapping, the CNN block is selected for sequence data of drug-target features. It contains multiple groups of feature mapping nodes composed of a 1D-CNN layer and a max pooling layer. To solve complex tasks, learning models increasingly go deeply. The multiscale random convolution feature is expanded to improve robustness. The detailed computational procedure is as follows:

    First, the drug–target predictive model ConvBLS is constructed based on previous obtained feature data FV. The input is connected to the mapping matrix by applying 1-D convolution kernels to generate the corresponding feature representation. All the random items can act as the convolution kernel so that we can achieve the output:

    FC=φ(Conv(X,KC)) (2.10)

    where X is the input feature vectors, KC is the convolution kernel, Conv(.) is denoted as the convolution function, and φ(.) is the activation function. The descriptor of the mapping feature is called FC. Then, the down-sampling method is used to allow the feature to be robust:

    FP=max_pool(FC) (2.11)

    where FP is the result after max pooling function. Next, an enhancement layer is built. Using random weights and nonlinear transformation, the enhancement nodes are obtained:

    Ej=ψ(FPWej+bej)j=1,2,,n (2.12)

    where ψ(.) is the activation function, weights and bias represented as Wej and bej, which are randomly initialized, and n is the group number of enhanced nodes. All of the enhancement nodes can be represented as En[E1,E2,En]. Finally, the improved feature layer and enhancement layer are concatenated into one matrix as a single neural network. Hence, featurization constitutes the outputs of weight of the BLS, based on Y=HWdt.

    Wdt=H+Y=[FP|En]+Y (2.13)

    The ridge regression approximation algorithm [33] is utilized to determine the [FP|En]+:

    [FP|En]+=limλ0(λI+[FP|En][FP|En]T)1[FP|En]T (2.14)

    Here, we describe the dataset used in this paper and provide the experiment setup and evaluation metrics for comparing model performance in subsequent experiments.

    In this study, two benchmark datasets are used for evaluating our proposed model: the Yamanishi's dataset and Luo's dataset. The first one is the gold benchmark dataset created by Yamanishi et al. [34]. It is classified into four categories based on the target protein class, namely: (ⅰ) enzyme (E), (ⅱ) ion channel (IC), (ⅲ) G protein-coupled receptor (GPCR), and (ⅳ) nuclear receptor (NR). Since the discovery of the interactions in these datasets 14 years ago, we implemented the completed version of the original golden standard datasets collected by Liu et al. [35]. The new datasets added information on the KEGG pathways [36], DrugBank [37], and ChEMBL [38] databases. The second one was developed by Luo et al. [11], consisting of four categories of nodes (drugs, proteins, diseases, and side-effects) and six types of connections (drug-target interaction, drug-drug interactions, protein-protein interactions, drug-disease associations, protein-disease associations, and drug-side-effect associations). Table 1 lists the detailed statistical entries of the complete datasets included in our analysis. Sparsity represents the proportion of known DTI numbers in all possible DTI combinations.

    Table 1.  Summary of the four benchmark datasets.
    Dataset Drugs Targets Interactions Sparsity
    NR 54 26 166 0.118
    GPCR 223 95 1096 0.052
    IC 210 204 2331 0.054
    E 445 664 4256 0.014
    Luo 708 1512 1923 0.002

     | Show Table
    DownLoad: CSV

    Table 2 lists the parameter settings in the experiments depending on datasets. The best parameters of ConvBLS-DTI were selected by performing a grid search. Some key parameters were set as follows: The number of the nearest known neighbors K is set to 5 for NR and 7 for others; the feature dimension r is set to 50 for a relatively small dataset NR, and 100 was an appropriate setting for GPCR, IC, and E datasets. The convolution kernel size is taken from {3–9}. The Tanh function was chosen as the activation function for every layer. A number of experiments are performed to determine the optimal classification parameters of BLS. Specifically, the shrinkage scale (sc) of the enhancement nodes plays a central role in this experiment. The parameters of all baseline methods were set based on the suggestions from the respective studies available in the literature.

    Table 2.  Hyper-parameters in the experiments.
    Parameter Value
    K K ∈ {1, 2, 3, 5, 7, 9}
    r r ∈ {50,100}
    sc 2
    filter size 4
    number of filters 5
    enhancement nodes n ∈ [100,1000]

     | Show Table
    DownLoad: CSV

    For the cross-validation experiments, there are three different experimental settings for comparison, depending on whether the drug and target involved in the test pair are training entities:

    1) CVd: Predicts the interactions between testing drugs and training targets;

    2) CVt: Predicts the interactions between training drugs and testing targets;

    3) CVdt: Predicts the interactions between testing drugs and testing targets.

    The 10-fold cross-validation is one of the most widely available methods. All models were trained and tested using 10-fold cross-validation. In this study, the final results are given with the area under the receiver operating characteristic curve (AUC) and the area under the precision-recall curve (AUPR) to judge the prediction performance. They are widely used in this field [39,40]. Since there are few true DTIs, AUPR is a more precise quality indicator than AUC because it punished those in which lots of false positive examples were found from the top-ranked prediction score [41], so we consider it as an evaluation sign. In addition, the Sen score was another metric used in this study. The average values are used for the results of each dataset.

    Experiments were run under the environment of Windows 10 Professional Edition and i5-7200H CPU. Our aim of this study was to construct an efficient computation method with excellent performance for DTI prediction. Therefore, we first observe the performance of two BLS-based models from different perspectives on the four datasets. Then, we compared the prediction results of our model with representative methods under three settings: NRLMF [32], DTINet [11], WKNNIR [42], DTi2Vec [43], ADA-GRMFC [44], and BLS-DTI. Finally, the optimal of core parameter in the experiment was reported.

    We first compared our model with the BLS-DTI. Tables 3 and 4 list the AUC and AUPR results on the prediction tasks. As shown in Table 3, our model is found to outperform BLS-DTI in the AUC and AUPR. It highlights the importance of the feature extraction ability in the BLS. The enhancement layer is included in the two networks. We considered the prediction performance of BLS is insufficient for DTI prediction tasks due to the lack of the ability to obtain deep features. ConvBLS-DTI provides the better performance in terms of CNN method. Specifically, ConvBLS-DTI exhibits higher results than BLS-DTI for the E dataset, providing 0.22 higher AUC score, an improvement of 28%, with a 0.152 greater AUPR value, an improvement of 19%. The same positive results are also found in the other three datasets, which indicates that the performance of the model ConvBLS-DTI is improved when the CNN method is added to the BLS network.

    Table 3.  AUC and AUPR of BLS-DTI and ConvBLS-DTI.
    Method E IC GPCR NR
    AUC AUPR AUC AUPR AUC AUPR AUC AUPR
    BLS-DTI 0.789 0.814 0.907 0.916 0.854 0.863 0.854 0.863
    ConvBLS-DTI 0.969 0.962 0.971 0.967 0.968 0.961 0.968 0.961

     | Show Table
    DownLoad: CSV
    Table 4.  Performances on three prediction experimental settings.
    Dataset Method CVd CVt CVdt
    AUC AUPR SEN AUC AUPR SEN AUC AUPR SEN
    NR BLS-DTI 0.8882 0.8753 0.8510 0.8048 0.7942 0.8088 0.9274 0.9182 0.9403
    ConvBLS-DTI 0.9509 0.9531 0.9186 0.9693 0.9688 0.9313 0.9545 0.95099 0.9153
    IC BLS-DTI 0.8830 0.8723 0.6141 0.9572 0.9547 0.7505 0.6981 0.6461 0.9160
    ConvBLS-DTI 0.9747 0.9770 0.9496 0.9719 0.9732 0.9390 0.9541 0.9654 0.9377
    GPCR BLS-DTI 0.9077 0.8950 0.6758 0.9134 0.8980 0.6570 0.7262 0.6837 0.8750
    ConvBLS-DTI 0.9557 0.9632 0.9317 0.9242 0.9460 0.9277 0.8926 0.9170 0.9000
    E BLS-DTI 0.8553 0.8182 0.7191 0.8689 0.8527 0.6807 0.8874 0.8675 0.6444
    ConvBLS-DTI 0.9614 0.9677 0.9314 0.9588 0.9691 0.9413 0.9643 0.9681 0.9330
    The green part is the best performance in comparison models.

     | Show Table
    DownLoad: CSV

    For a more comprehensive evaluation, the following Table 4 shows the addition AUC and AUPR scores of each experimental setting on four datasets. Similarly, ConvBLS-DTI obtain higher performance in all scenarios, outperforming the other method BLS-DTI. Compared with NR and GPCR datasets, IC and E datasets contribute to higher AUC and AUPR scores, with AUPR values of 0.947 and 0.961, respectively. The possible reason is that the number of DTIs in the NR and GPCR categories is smaller than the other categories, especially for NR with only 166 drug-target pairs.

    In this section, under the same datasets, evaluation metrics and experimental scenarios (CVd, CVt, and CVdt), six advanced methods, including NRLMF, DTINet, WKNNIR, DTi2Vec, ADA-GRMFC, and BLS-DTI, are involved into the performance comparison. Tables 5 and 6 show the AUC and AUPR of the methods participating in the CVd and CVt settings. In general, based on the main evaluation metrics, our method has overall better performance than the other methods under different scenarios. For CVd, ConvBLS-DTI shows a high performance in all datasets. For CVt, minimal difference is found in the AUC score obtained using IC and GPCR datasets, but the AUPR result achieved by our method increases by 2.05%, 4.41%, 3.6%, 5.54%, and 6.12% on NR, GPCR, IC, E, and Luo datasets, respectively, compared with that of the second-best model. In particular, ConvBLS-DTI performs better than BLS-DTI. In the results of predicting novel drugs and known targets, ConvBLS-DTI is better than other methods. In the experiment scenario of CVd, ConvBLS-DTI achieves AUPR values of 0.917, 0.968, 0.972, 0.958, and 0.972 on NR, IC, GPCR, E, and Luo datasets, respectively. In the experiment scenario of CVt, the AUPR values of ConvBLS-DTI are 0.846, 0.950, 0.946, 0.952, and 0.954 on NR, IC, GPCR, E, and Luo datasets, respectively. Overall, it can be concluded that the proposed ConvBLS-DTI is superior to all the compared methods and proves that broad learning system can also be a rational tool to help for predicting DTIs.

    Table 5.  AUC with different methods on all datasets in CVd and CVt.
    Setting Dataset NRLMF DTINet WKNNIR DTi2Vec ADA-GRMFC BLS-DTI ConvBLS-DTI
    CVd NR 0.842 0.701 0.817 0.917 0.866 0.856 0.937
    IC 0.904 0.842 0.929 0.897 0.802 0.861 0.968
    GPCR 0.831 0.752 0.834 0.955 0.827 0.886 0.973
    E 0.857 0.769 0.86 0.846 0.841 0.891 0.958
    Luo 0.92 0.881 0.902 0.861 0.859 0.901 0.979
    CVt NR 0.813 0.756 0.82 0.654 0.814 0.833 0.865
    IC 0.938 0.879 0.949 0.908 0.938 0.802 0.947
    GPCR 0.958 0.907 0.956 0.866 0.896 0.897 0.951
    E 0.943 0.841 0.927 0.853 0.939 0.862 0.960
    Luo 0.835 0.838 0.851 0.911 0.952 0.753 0.969
    Indicated in blue is the best result in each category compared with other models.

     | Show Table
    DownLoad: CSV
    Table 6.  AUPR with different methods on all datasets in CVd and CVt.
    Setting Dataset NRLMF DTINet WKNNIR DTi2Vec ADA-GRMFC BLS-DTI ConvBLS-DTI
    CVd NR 0.532 0.346 0.571 0.912 0.607 0.857 0.917
    IC 0.514 0.47 0.529 0.911 0.39 0.882 0.968
    GPCR 0.486 0.373 0.502 0.953 0.384 0.885 0.972
    E 0.371 0.215 0.423 0.863 0.426 0.834 0.958
    Luo 0.476 0.299 0.492 0.945 0.721 0.906 0.972
    CVt NR 0.522 0.435 0.63 0.639 0.466 0.829 0.846
    IC 0.735 0.526 0.781 0.917 0.824 0.842 0.950
    GPCR 0.803 0.574 0.858 0.875 0.631 0.906 0.946
    E 0.724 0.379 0.719 0.876 0.825 0.902 0.952
    Luo 0.303 0.138 0.571 0.899 0.878 0.804 0.954
    Indicated in blue is the best result for each category comparing all other models.

     | Show Table
    DownLoad: CSV

    In particular, the ConvBLS-DTI has satisfactory performance under the CVdt setting. The AUC and AUPR histograms for the different algorithms are shown in Figures 4 and 5, respectively. The results are entirely consistent across all datasets given in the CVdt (specifically in terms of AUPR metric). For CVdt, the AUC and AUPR values of ConvBLS-DTI are higher than other methods on all datasets, although DTi2Vec is very competitive compared with ConvBLS-DTI. Overall, our method improves the AUPR more than the AUC.

    Figure 4.  Comparison results of the AUC metric for the CVdt.
    Figure 5.  Comparison results of metric AUPR under the CVdt.

    To measure the impact of the WKNKN method on ConvBLS-DTI, ablation experiments were conducted by removing the WKNKN method under three different CV strategies using the Luo et al. dataset. The variant of ConvBLS-DTI without the WKNKN method is denoted as ConvBLS-DTI (without WKNKN). Performance comparisons between ConvBLS-DTI and the variant in terms of AUC and AUPR are presented in Tables 7 and 8, respectively. The findings in Tables 7 and 8 suggest that the utilization of the WKNKN method contributes to improve the performance of ConvBLS-DTI.

    Table 7.  Ablation results in terms of AUC on the Luo et al. dataset under three different CVs.
    Model CVd CVt CVdt
    ConvBLS-DTI 0.9785 0.9691 0.9590
    ConvBLS-DTI (without WKNKN) 0.9758 0.9613 0.9516

     | Show Table
    DownLoad: CSV
    Table 8.  Ablation results in terms of AUPR on the Luo et al. dataset under three different CVs.
    Model CVd CVt CVdt
    ConvBLS-DTI 0.9718 0.9535 0.9522
    ConvBLS-DTI (without WKNKN) 0.9636 0.9463 0.9478

     | Show Table
    DownLoad: CSV

    In this study, the datasets IC and GPCR were applied to test the influence of the convolution kernel size. As illustrated in Figure 6, by varying the size of the convolutional kernel (3, 4, 5, 6, 7, 8, and 9), the AUPR value of the ConvBLS-DTI method progressively improved with an increase in kernel size and reached its optimal performance when kernel size was set to 5. Subsequently, the performance showed a decline. A kernel size set to 5 achieved good results.

    Figure 6.  Comparison results of metric AUPR under the CVdt.

    In this paper, we aimed to solve the problem of sparsity and incompletion of the drug interaction data. A new framework called ConvBLS-DTI was proposed to predict DTIs by applying an advanced fusion of BLS approach. Our method integrates WKNKN, MF, and BLS to improve the DTI prediction results. The method takes advantage of matrix factorization for the latent low-dimensional feature representation and predicts DTIs based on the broad learning architecture. Moreover, the WKNKN algorithm was used as a preprocessing step to increase the availability of relevant information for a large number of missing correlations. Compared with the BLS-DTI, our model achieved AUC and AUPR values of 0.971 and 0.967, respectively, for the IC dataset under tenfold-cross-validation experiments. These findings illustrate that the combination of CNN and BLS could improve the prediction performance for DTIs. Additionally, compared with other previous methods, the best AUC and AUPR values of the proposed method were 0.9643 and 0.9681 for the E dataset and CVdt setting, respectively. The results show that our model acquires improved prediction effect on AUC and AUPR using extensive experimental verification.

    In future studies, greater emphasis will be placed on optimizing the BLS structure to enhance the feature extraction ability. In fact, the results of the present prediction model can be heavily influenced by the mapping algorithms and the effectiveness of the dataset. Therefore, our models might be further developed using other deep-learning models to increase the identifying power. Overall, with the availability of more data and the development of new approaches, it is expected that more applications of our model can be achieved.

    The authors that declare they have not used Artificial Intelligence (AI) tools in the creation of this article.

    This work was supported by the project of the Natural Science Foundation of Shandong Province, China (Natural Science Foundation of Shandong Province, No. ZR2019PEE018), Shandong Province Science and Technology SMES Innovation Ability Enhancement Project (Natural Science Foundation of Shandong Province, No. 2021TSGC1063), Major Scientific and Technological Innovation Projects of Shandong Province (Natural Science Foundation of Shandong Province, No. 2019JZZY020101), and the project of the Natural Science Foundation of Qingdao (No. 23-2-1-216-zyyd-jch).

    The authors declare that there are no conflicts of interest.



    [1] Alamá L, Tortosa‐Ausina E (2012) Bank branch geographic location patterns in Spain: some implications for financial exclusion. Growth Change 43: 505–543. https://doi.org/10.1111/j.1468-2257.2012.00596.x doi: 10.1111/j.1468-2257.2012.00596.x
    [2] Albert JF, Gómez Fernández N, Náñez Alonso SL (2024) Social currencies in the digital era: challenges and opportunities. CIRIEC-Esp Rev Econ Pública Soc Coop 110: 163–200. https://doi.org/10.7203/CIRIEC-E.110.25755 doi: 10.7203/CIRIEC-E.110.25755
    [3] Allen F, Demirguc-Kunt A, Klapper L, et al. (2016) The foundations of financial inclusion: Understanding ownership and use of formal accounts. J Financ Intermed 27: 1–30. https://doi.org/10.1016/j.jfi.2015.12.003 doi: 10.1016/j.jfi.2015.12.003
    [4] Alonso MP, Gargallo P, López-Escolano C, et al. (2023) Financial exclusion, depopulation, and ageing: An analysis based on panel data. J Rural Stud 103: 103105. https://doi.org/10.1016/j.jrurstud.2023.103105 doi: 10.1016/j.jrurstud.2023.103105
    [5] Alqershy MT, Shi Q (2023) Barriers to Social Responsibility Implementation in Belt and Road Mega Infrastructure Projects: A Hybrid Fuzzy DEMATEL-ISM-MICMAC Approach. Buildings 13: 1561. https://doi.org/10.3390/buildings13061561 doi: 10.3390/buildings13061561
    [6] Anderloni L, Carluccio EM (2007) Access to bank accounts and payment services, In: Zins C, Weill L (eds), New Front Bank Serv Emerging Needs Tailored Prod Untapped Mark, Springer, Berlin, 5–105. https://doi.org/10.1007/978-3-540-46498-3_2
    [7] Anheier HK, Juergensmeyer M (2012) Encyclopedia of global studies, Sage Publications, Thousand Oaks, CA.
    [8] Aparna V, Anthuvan VL (2022) Determinants of Financial Inclusion Among Dalit Women in Kancheepuram District, Tamil Nadu. Contemp Voice Dalit. [In press]. https://doi.org/10.1177/2455328X221082486
    [9] Arun T, Kamath R (2015) Financial inclusion: Policies and practices. IIMB Manag Rev 27: 267–287. https://doi.org/10.1016/j.iimb.2015.09.004 doi: 10.1016/j.iimb.2015.09.004
    [10] Atkinson A, Messy F (2012) Measuring financial literacy: Results of the OECD/International Network on Financial Education (INFE) Pilot Study. OECD Working Papers on Finance, Insurance and Private Pensions. https://doi.org/10.1787/5k9csfs90fr4-en
    [11] Basaran B, Bagheri M (2020) The relevance of "trust and confidence" in financial markets to the information production role of banks. Eur J Risk Regul 11: 650–666. https://doi.org/10.1017/err.2020.52 doi: 10.1017/err.2020.52
    [12] Beck T, De La Torre A (2007) The basic analytics of access to financial services. Financ Mark Inst Instrum 16: 79–117. https://doi.org/10.1111/j.1468-0416.2007.00120.x doi: 10.1111/j.1468-0416.2007.00120.x
    [13] Beck T, Demirgüç-Kunt A, Martinez Peria MS (2008) Banking services for everyone? Barriers to bank access and use around the world. World Bank Econ Rev 22: 397–430. https://doi.org/10.1093/wber/lhn020 doi: 10.1093/wber/lhn020
    [14] Bekele WD (2023) Determinants of financial inclusion: A comparative study of Kenya and Ethiopia. J Afr Bus 24: 301–319. https://doi.org/10.1080/15228916.2022.2078938 doi: 10.1080/15228916.2022.2078938
    [15] Berry C (2015) Citizenship in a financialised society: financial inclusion and the state before and after the crash. Policy Politics 43: 509–525. https://doi.org/10.1332/030557315X14246197892963 doi: 10.1332/030557315X14246197892963
    [16] Bourreau M, Valletti T (2015) Enabling digital financial inclusion through improvements in competition and interoperability: What works and what doesn't. CGD Policy Pap 65: 1–30.
    [17] Bravo R, Martínez E, Pina JM (2019) Effects of customer perceptions in multichannel retail banking. Int J Bank Mark 37: 1253–1274. https://doi.org/10.1108/IJBM-07-2018-0170 doi: 10.1108/IJBM-07-2018-0170
    [18] Broady K, McComas M, Ouazad A (2021) An analysis of financial institutions in Black-majority communities: Black borrowers and depositors face considerable challenges in accessing banking services. Brookings Institution Rep (Nov).
    [19] Camacho JA, Molina J, Rodríguez M (2021) Financial accessibility in branchless municipalities: An analysis for Andalusia. Eur Plan Stud 29: 883–898. https://doi.org/10.1080/09654313.2020.1804533 doi: 10.1080/09654313.2020.1804533
    [20] Chen R, Divanbeigi R (2019) Can regulation promote financial inclusion? World Bank Policy Research Working Paper No. 8711. https://doi.org/10.1596/1813-9450-8711
    [21] Chishti M, Gelatt J (2022) For Overwhelmed Immigration Court System, New ICE Guidelines Could Lead to Dismissal of Many Low-Priority Cases. Migr Policy Inst. Available from: https://www.migrationpolicy.org/article/immigration-court-ice-guidelines.
    [22] Citizens Advice Bureaux (2020) Face to Face with Digital Exclusion. Citizens Advice Bureaux, Wellington, NZ. Available from: https://www.cab.org.nz/assets/Documents/Face-to-Face-with-Digital-Exclusion-/FINAL_CABNZ-report_Face-to-face-with-Digital-Exclusion.pdf.
    [23] Cole S, Sampson T, Zia B (2011) Prices or knowledge? What drives demand for financial services in emerging markets? J Financ 66: 1933–1967. https://doi.org/10.1111/j.1540-6261.2011.01696.x doi: 10.1111/j.1540-6261.2011.01696.x
    [24] Corrado G, Corrado L (2015) The geography of financial inclusion across Europe during the global crisis. J Econ Geogr 15: 1055–1083. https://doi.org/10.1093/jeg/lbu054 doi: 10.1093/jeg/lbu054
    [25] Corrado G, Corrado L (2017) Inclusive finance for inclusive growth and development. Curr Opin Environ Sustain 24: 19–23. https://doi.org/10.1016/j.cosust.2017.01.013 doi: 10.1016/j.cosust.2017.01.013
    [26] De la Cuesta González M, Paz-Curbera CR, Olit BF (2016) Banking system and financial exclusion: Towards a more comprehensive approach. In: Liquidity risk, efficiency and new bank business models, 127–161. https://doi.org/10.1007/978-3-319-30819-7_6
    [27] Demirgüç-Kunt A, Klapper L, Singer D, et al. (2022) The Global Findex Database 2021: Financial Inclusion, Digital Payments, and Resilience in the Age of COVID-19. World Bank Publications. https://doi.org/10.1596/978-1-4648-1897-4
    [28] Devlin JF (2009) An analysis of influences on total financial exclusion. Serv Ind J 29: 1021–1036. https://doi.org/10.1080/02642060902764160 doi: 10.1080/02642060902764160
    [29] Di Giannatale S, Roa MJ (2019) Barriers to Formal Saving: Micro‐and Macroeconomic Effects. J Econ Surv 33: 541–566. https://doi.org/10.1111/joes.12275 doi: 10.1111/joes.12275
    [30] Diniz E, Birochi R, Pozzebon M (2012) Triggers and barriers to financial inclusion: The use of ICT-based branchless banking in an Amazon county. Electron Commer Res Appl 11: 484–494. https://doi.org/10.1016/j.elerap.2011.07.006 doi: 10.1016/j.elerap.2011.07.006
    [31] Duperrin JC, Godet M (1973) Méthode de hiérarchisation des éléments d'un système: essai de prospective du système de l'énergie nucléaire dans son contexte sociétal. Doctoral dissertation, Centre national de l'entrepreneuriat (CNE); CEA.
    [32] Ediagbonya V, Tioluwani C (2023) The role of fintech in driving financial inclusion in developing and emerging markets: issues, challenges and prospects. Technol Sustain 2: 100–119. https://doi.org/10.1108/TECHS-10-2021-0017 doi: 10.1108/TECHS-10-2021-0017
    [33] European Commission (2020) Communication from the Commission, on a Digital Finance Strategy for the EU, COM/2020/591 final. Available from: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri = CELEX%3A52020DC0591.
    [34] Falaiye T, Elufioye OA, Awonuga KF, et al. (2024) Financial inclusion through technology: a review of trends in emerging markets. Int J Manag Entrep Res 6: 368–379. https://doi.org/10.51594/ijmer.v6i2.776 doi: 10.51594/ijmer.v6i2.776
    [35] Feng X, Li E, Li J, et al. (2023) Critical influencing factors of employees' green behavior: three-stage hybrid fuzzy DEMATEL–ISM–MICMAC approach. Environ Dev Sustain, 1–29. https://doi.org/10.1007/s10668-023-03364-0
    [36] Fernandes D, Lynch Jr JG, Netemeyer RG (2014) Financial literacy, financial education, and downstream financial behaviors. Manag Sci 60: 1861–1883. https://doi.org/10.1287/mnsc.2013.1849 doi: 10.1287/mnsc.2013.1849
    [37] Fernández-Olit B, Paredes-Gázquez JD, de la Cuesta-González M (2018) Are social and financial exclusion two sides of the same coin? An analysis of the financial integration of vulnerable people. Soc Indic Res 135: 245–268. https://doi.org/10.1007/s11205-016-1479-y doi: 10.1007/s11205-016-1479-y
    [38] Fernández-Olit B, Ruza C, de la Cuesta-González M, et al. (2019) Banks and financial discrimination: What can be learnt from the Spanish experience? J Consum Policy 42: 303–323. https://doi.org/10.1007/s10603-019-09412-5 doi: 10.1007/s10603-019-09412-5
    [39] Figart DM (2013) Institutionalist policies for financial inclusion. J Econ Issues 47: 873–894. https://doi.org/10.2753/JEI0021-3624470404 doi: 10.2753/JEI0021-3624470404
    [40] Fort M, Manaresi F, Trucchi S (2016) Adult financial literacy and households' financial assets: the role of bank information policies. Econ Policy 31: 743–782. https://doi.org/10.1093/epolic/eiw012 doi: 10.1093/epolic/eiw012
    [41] Gabus A, Fontela E (1972) World problems, an invitation to further thought within the framework of DEMATEL. Battelle Geneva Research Center, Geneva, Switzerland, 1: 12–14.
    [42] Grohmann A, Menkhoff L (2021) The relationship between financial literacy and financial inclusion. In: The Routledge Handbook of Financial Literacy, 517–530. Routledge. https://doi.org/10.4324/9781003025221
    [43] Hernández K, Roberts T (2018) Leaving no one behind in a digital world. K4D Emerging Issues Report. Brighton, UK: Institute of Development Studies.
    [44] Higgs G, Price A, Langford M (2022) Investigating the impact of bank branch closures on access to financial services in the early stages of the COVID-19 pandemic. J Rural Stud 95: 1–14. https://doi.org/10.1016/j.jrurstud.2022.07.012 doi: 10.1016/j.jrurstud.2022.07.012
    [45] Holloway K, Niazi Z, Rouse R (2017) Women's Economic Empowerment through Financial Inclusion: A Review of Existing Evidence and Remaining Knowledge Gaps. New Haven: Innovations for Poverty Action.
    [46] Hoyo C, Hidalgo XP, Tuesta D (2013) Demand factors that influence financial inclusion in Mexico: analysis of the barriers based on the ENIF survey. BBVA Bank, BBVA Res Work Pap, 13: 37.
    [47] Imaeva G, Lobanova I, Tomilova O (2014) Financial inclusion in Russia: the demand-side perspective. Consultative Group to Assist the Poor, World Bank, Moscow.
    [48] Jiang X, Wang H, Guo X, et al. (2019) Using the FAHP, ISM, and MICMAC approaches to study the sustainability influencing factors of the last mile delivery of rural E-commerce logistics. Sustainability 11: 3937. https://doi.org/10.3390/su11143937 doi: 10.3390/su11143937
    [49] Jima MD, Makoni PL (2023) Causality between financial inclusion, financial stability and economic growth in sub-Saharan Africa. Sustainability 15: 1152. https://doi.org/10.3390/su15021152 doi: 10.3390/su15021152
    [50] Jiménez C (2019) The Importance of Cash and the Impact of the Reduction of Bank Offices on its Access. In: The Currency Conference, Dubai, 7–11 April 2019.
    [51] Johnson S, Arnold S (2012) Inclusive financial markets: is transformation under way in Kenya? Dev Policy Rev 30: 719–748. https://doi.org/10.1111/j.1467-7679.2012.00596.x doi: 10.1111/j.1467-7679.2012.00596.x
    [52] Jorgensen BL, Savla J (2010) Financial literacy of young adults: The importance of parental socialization. Fam Relat 59: 465–478. https://doi.org/10.1111/j.1741-3729.2010.00616.x doi: 10.1111/j.1741-3729.2010.00616.x
    [53] Kempson E, Atkinson A, Pilley O (2004) Policy level response to financial exclusion in developed economies: lessons for developing countries. Personal Finance Research Centre, University of Bristol.
    [54] Khan N, Zafar M, Okunlola AF, et al. (2022) Effects of financial inclusion on economic growth, poverty, sustainability, and financial efficiency: Evidence from the G20 countries. Sustainability 14: 12688. https://doi.org/10.3390/su141912688 doi: 10.3390/su141912688
    [55] Khmous DF, Besim M (2020) Impact of Islamic banking share on financial inclusion: evidence from MENA. Int J Islamic Middle East Financ Manag 13: 655–673. https://doi.org/10.1108/IMEFM-07-2019-0279 doi: 10.1108/IMEFM-07-2019-0279
    [56] Kumar N (2013) Financial inclusion and its determinants: evidence from India. J Financ Econ Policy 5: 4–19. https://doi.org/10.1108/17576381311317754 doi: 10.1108/17576381311317754
    [57] Lamboglia S, Stacchini M (2022) Financial literacy, numeracy and schooling: evidence from developed countries. Bank of Italy Occasional Paper 722. http://dx.doi.org/10.2139/ssrn.4462978
    [58] Lannquist A, Tan B (2023) Central Bank Digital Currency's Role in Promoting Financial Inclusion. International Monetary Fund, Washington, DC.
    [59] Ledgerwood J, Gibson A (2013) The evolving financial landscape. In: Ledgerwood J, Earne J, Nelson C (Eds), The New Microfinance Handbook: A Financial Market System Perspective, World Bank, Washington, DC, 15–48.
    [60] Leyshon A, French S, Signoretta P (2008) Financial exclusion and the geography of bank and building society branch closure in Britain. Trans Inst Br Geogr 33: 447–465. https://doi.org/10.1111/j.1475-5661.2008.00323.x doi: 10.1111/j.1475-5661.2008.00323.x
    [61] Lin RJ (2013) Using fuzzy DEMATEL to evaluate the green supply chain management practices. J Clean Prod 40: 32–39. https://doi.org/10.1016/j.jclepro.2011.06.010 doi: 10.1016/j.jclepro.2011.06.010
    [62] Lusardi A, Mitchell OS (2014) The economic importance of financial literacy: Theory and evidence. J Econ Lit 52: 5–44. https://doi.org/10.1257/jel.52.1.5 doi: 10.1257/jel.52.1.5
    [63] Mandell L (2008) Financial literacy of high school students. In: Handbook of Consumer Finance Research. Springer New York, 163–183. https://doi.org/10.1007/978-0-387-75734-6_10
    [64] Marron D (2013) Governing poverty in a neoliberal age: new labour and the case of financial exclusion. New Polit Econ 18: 785–810. https://doi.org/10.1080/13563467.2012.753043 doi: 10.1080/13563467.2012.753043
    [65] Martín-Oliver A, Simats AT, Vicente S (2020) Cambio tecnológico, reestructuración bancaria y acceso a financiación de las PYME (Vol. 246). Universidad de Cantabria.
    [66] Maudos J (2017) Bank restructuring and access to financial services: the Spanish case. Growth Change 48: 963–990. https://doi.org/10.1111/grow.12211 doi: 10.1111/grow.12211
    [67] McKillop DG, Ward AM, Wilson JO (2007) The development of credit unions and their role in tackling financial exclusion. Public Money Manage 27: 37–44. https://doi.org/10.1111/j.1467-9302.2007.00553.x doi: 10.1111/j.1467-9302.2007.00553.x
    [68] McKillop D, Ward AM, Wilson JO (2011) Credit unions in Great Britain: recent trends and current prospects. Public Money Manage 31: 35–42. https://doi.org/10.2139/ssrn.1547685 doi: 10.2139/ssrn.1547685
    [69] Mossie WA (2022) Understanding financial inclusion in Ethiopia. Cogent Econ Financ 10: 2071385. https://doi.org/10.1080/23322039.2022.2071385 doi: 10.1080/23322039.2022.2071385
    [70] Mubarak F, Suomi R (2022) Elderly forgotten? Digital exclusion in the information age and the rising grey digital divide. INQUIRY 59: 00469580221096272. https://doi.org/10.1177/00469580221096272 doi: 10.1177/00469580221096272
    [71] Nandru P, Anand B, Rentala S (2015) Factors influencing financial inclusion through banking services. J Contemp Res Manag 10.
    [72] Nandru P, Anand B, Rentala S (2016) Exploring the factors impacting financial inclusion: Evidence from South India. Annu Res J Symbiosis Cent Manag Stud 4: 1–15.
    [73] Náñez Alonso SL, Jorge-Vazquez J, Arias LG, et al. (2024) What Factors Are Limiting Financial Inclusion and Development in Peru? Empirical Evidence. Economies 12: 93. https://doi.org/10.3390/economies12040093 doi: 10.3390/economies12040093
    [74] Náñez Alonso SL, Jorge-Vazquez J, Echarte Fernández MÁ, et al. (2022) Financial Exclusion in Rural and Urban Contexts in Poland: A Threat to Achieving SDG Eight? Land 11: 539. https://doi.org/10.3390/land11040539 doi: 10.3390/land11040539
    [75] Náñez Alonso SL, Jorge-Vázquez J, Sastre-Hernández B, et al. (2023) Do credit unions contribute to financial inclusion and local economic development? Empirical evidence from Poland. Econ Sociol 16: 110–129. https://doi.org/10.14254/2071-789x.2023/16-4/5 doi: 10.14254/2071-789x.2023/16-4/5
    [76] Nnaomah UI, Aderemi S, Olutimehin DO, et al. (2024) Digital banking and financial inclusion: a review of practices in the USA and Nigeria. Financ Account Res J 6: 463–490. https://doi.org/10.51594/farj.v6i3.971 doi: 10.51594/farj.v6i3.971
    [77] Nsiah AY, Tweneboah G (2023) Determinants of Financial Inclusion in Africa: Is Institutional Quality Relevant? Cogent Soc Sci 9: 2184305. https://doi.org/10.1080/23311886.2023.2184305 doi: 10.1080/23311886.2023.2184305
    [78] Nyagadza B (2019) Conceptual model for financial inclusion development through agency banking in competitive markets. Afr J Dev Stud 49: 1–22. https://doi.org/10.25159/2663-6522/6758 doi: 10.25159/2663-6522/6758
    [79] OECD (2019) Under Pressure: The Squeezed Middle Class. OECD Publishing, Paris. https://doi.org/10.1787/689afed1-en
    [80] Ofoeda I, Amoah L, Anarfo EB, et al. (2024) Financial inclusion and economic growth: What roles do institutions and financial regulation play? Int J Financ Econ 29: 832–848. https://doi.org/10.1002/ijfe.2709 doi: 10.1002/ijfe.2709
    [81] Omar MA, Inaba K (2020) Does financial inclusion reduce poverty and income inequality in developing countries? A panel data analysis. J Econ Struct 9: 37. https://doi.org/10.1186/s40008-020-00214-4 doi: 10.1186/s40008-020-00214-4
    [82] Opricovic S, Tzeng GH (2003) Defuzzification within a multicriteria decision model. Int J Uncertain Fuzziness Knowl Based Syst 11: 635–652. https://doi.org/10.1142/S0218488503002387 doi: 10.1142/S0218488503002387
    [83] Ozili PK (2020a) Social inclusion and financial inclusion: international evidence. Int J Dev Issues 19: 169–186. https://doi.org/10.1108/IJDI-07-2019-0122 doi: 10.1108/IJDI-07-2019-0122
    [84] Ozili PK (2020b) Financial inclusion research around the world: a review. Forum Soc Econ 50: 457–479. https://doi.org/10.2139/ssrn.3515515 doi: 10.2139/ssrn.3515515
    [85] Ozili PK, Alonso SLN (2024) Central bank digital currency adoption challenges, solutions, and a sentiment analysis. J Cent Bank Theory Pract 13: 133–165. https://doi.org/10.2478/jcbtp-2024-0007 doi: 10.2478/jcbtp-2024-0007
    [86] Pazarbasioglu C, Mora AG, Uttamchandani M, et al. (2020) Digital financial services. World Bank.
    [87] Prabhakar R (2013) Asset-based welfare: Financialization or financial inclusion? Crit Soc Policy 33: 658–678. https://doi.org/10.1177/0261018313483491 doi: 10.1177/0261018313483491
    [88] Salleh MZM, Abdullah A, Nawi NC, et al. (2024) Adoption of Fintech Among Rural Communities: Challenges and Solutions. In: Artificial Intelligence (AI) and Customer Social Responsibility (CSR), Springer Nature Switzerland, Cham, 725–732. https://doi.org/10.1007/978-3-031-50939-1_58
    [89] Shanker S, Barve A (2021) Analysing sustainable concerns in diamond supply chain: a fuzzy ISM-MICMAC and DEMATEL approach. Int J Sustain Eng 14: 1269–1285. https://doi.org/10.1080/19397038.2020.1862351 doi: 10.1080/19397038.2020.1862351
    [90] Siano A, Raimi L, Palazzo M, et al. (2020) Mobile banking: An innovative solution for increasing financial inclusion in Sub-Saharan African Countries: Evidence from Nigeria. Sustainability 12: 10130. https://doi.org/10.3390/su122310130 doi: 10.3390/su122310130
    [91] Sinclair S (2013) Financial inclusion and social financialisation: Britain in a European context. Int J Sociol Soc Policy 33: 658–676. https://doi.org/10.1108/IJSSP-09-2012-0080 doi: 10.1108/IJSSP-09-2012-0080
    [92] Sinclair S (2014) Credit union modernisation and the limits of voluntarism. Policy Polit 42: 403–419. https://doi.org/10.1332/030557312X655972 doi: 10.1332/030557312X655972
    [93] Singh A (2021) Exploring demand-side barriers to credit uptake and financial inclusion. Int J Soc Econ 48: 898–913. https://doi.org/10.1108/IJSE-04-2020-0234 doi: 10.1108/IJSE-04-2020-0234
    [94] Tinta AA, Ouédraogo IM, Al‐Hassan RM (2022) The micro determinants of financial inclusion and financial resilience in Africa. Afr Dev Rev 34: 293–306. https://doi.org/10.1111/1467-8268.12636 doi: 10.1111/1467-8268.12636
    [95] Tully S, Bassett R (2010) Restoring Confidence in the Financial System: See-through Leverage: a Powerful New Tool for Revealing and Managing Risk. Harriman House Limited.
    [96] US Financial Lit Educ Comm (2020) National Strategy for Financial Literacy 2020. Available from: https://home.treasury.gov/policy-issues/consumer-policy/financial-literacy-and-education-commission.
    [97] Van Esterik-Plasmeijer PW, Van Raaij WF (2017) Banking system trust, bank trust, and bank loyalty. Int J Bank Mark 35: 97–111. https://doi.org/10.1108/IJBM-12-2015-0195 doi: 10.1108/IJBM-12-2015-0195
    [98] Vishwakarma A, Dangayach GS, Meena ML, et al. (2022) Analysing barriers of sustainable supply chain in apparel & textile sector: A hybrid ISM-MICMAC and DEMATEL approach. Clean Logist Supply Chain 5: 100073. https://doi.org/10.1016/j.clscn.2022.100073 doi: 10.1016/j.clscn.2022.100073
    [99] Wang C, Zhang Y, Yang Y, et al. (2019) What is driving the abandonment of villages in the mountains of Southeast China? Land Degrad Dev 30: 1183–1192. https://doi.org/10.1002/ldr.3303 doi: 10.1002/ldr.3303
    [100] Warfield JN (1974) Developing subsystem matrices in structural modeling. IEEE Trans Syst Man Cybern 4: 74–80. https://doi.org/10.1109/TSMC.1974.5408523 doi: 10.1109/TSMC.1974.5408523
    [101] World Bank (2020) Poverty and shared prosperity 2020: Reversals of fortune. World Bank.
    [102] World Bank (2024) Financial Inclusion Overview. Available from: https://www.worldbank.org/en/topic/financialinclusion/overview.
    [103] Wu KJ, Liao CJ, Tseng ML, et al. (2015) Exploring decisive factors in green supply chain practices under uncertainty. Int J Prod Econ 159: 147–157. https://doi.org/10.1016/j.ijpe.2014.09.030 doi: 10.1016/j.ijpe.2014.09.030
    [104] Wu WW, Lee YT (2007) Developing global managers' competencies using the fuzzy DEMATEL method. Expert Syst Appl 32: 499–507. https://doi.org/10.1016/j.eswa.2005.12.005 doi: 10.1016/j.eswa.2005.12.005
    [105] Yang J, Guo X, Zhang X (2024) Analysis of the effect of digital financial inclusion in promoting inclusive growth: mechanism and statistical verification. Economics 18: 20220078. https://doi.org/10.1515/econ-2022-0078 doi: 10.1515/econ-2022-0078
    [106] Zadeh LA (1965) Fuzzy sets. Inf Control 8: 338–353. https://doi.org/10.1016/S0019-9958(65)90241-X doi: 10.1016/S0019-9958(65)90241-X
    [107] Zhang Z, Song J, Shu T, et al. (2024) Changes in rural financial exclusion's supply and demand factors from the perspective of digital inclusive financial policies. Cogent Econ Financ 12: 2305480. https://doi.org/10.1080/23322039.2024.2305480 doi: 10.1080/23322039.2024.2305480
    [108] Ziolo M, Bak I, Cheba K (2021) The role of sustainable finance in achieving sustainable development goals: Does it work? Technol Econ Dev Econ 27: 45–70. https://doi.org/10.3846/tede.2020.13863 doi: 10.3846/tede.2020.13863
    [109] Zins A, Weill L (2016) The determinants of financial inclusion in Africa. Rev Dev Financ 6: 46–57. https://doi.org/10.1016/j.rdf.2016.05.001 doi: 10.1016/j.rdf.2016.05.001
  • Reader Comments
  • © 2025 the Author(s), licensee AIMS Press. This is an open access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0)
通讯作者: 陈斌, bchen63@163.com
  • 1. 

    沈阳化工大学材料科学与工程学院 沈阳 110142

  1. 本站搜索
  2. 百度学术搜索
  3. 万方数据库搜索
  4. CNKI搜索

Metrics

Article views(960) PDF downloads(118) Cited by(0)

Other Articles By Authors

/

DownLoad:  Full-Size Img  PowerPoint
Return
Return

Catalog