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612-822-4611
Financial Literacy and Responsible Finance in the Fintech Era: Capabilities and Challenges

Financial Literacy and Responsible Finance in the Fintech Era: Capabilities and Challenges

Hardcover

AccountingBusiness GeneralInvesting & Finance

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ISBN10: 0367769778
ISBN13: 9780367769772
Publisher: Routledge
Published: Jul 22 2021
Pages: 150
Language: English

A growing body of evidence suggests that financial literacy plays an important role in financial well-being, and that differences in financial knowledge acquired early in life can explain a significant part of financial and more general well-being in adult life. Financial technology (FinTech) is revolutionizing the financial services industry at an unrivalled pace. Views differ regarding the impact that FinTech is likely to have on personal financial planning, well-being and societal welfare. In an era of mounting student debt, increased (digital) financial inclusion and threats arising from instances of (online) financial fraud, financial education and enlightened financial advising are appropriate policy interventions that enhance financial and overall well-being.

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