Figure 1
The conceptual model consists of three rectangular boxes with rounded corners. On the bottom left, a box is labeled “FinTech-Based Financial Inclusion”. A solid horizontal arrow points from this box to a box on the bottom right labeled “Risk Taking”. Above this horizontal arrow, a central box is labeled “Supervision and Regulation”. From the bottom of the “Supervision and Regulation” box, two dashed curved arrows emerge: one curves downward to the left and points to the start of the horizontal arrow, and the other curves downward to the right and points toward the end of the horizontal arrow.Conceptual framework