2023/01/01 by Tiina Koskelainen, Panu Kalmi, Eusébio Scornavacca +2
Business, Management and Accounting · Economics, Econometrics and Finance · #Business #Computer science #Curriculum #Digital literacy #Economic growth #Economics #FinTech, Crowdfunding, Digital Finance #Finance #Financial Literacy, Pension, Retirement Analysis #Financial literacy #Financial regulation #Financial services #Marketing #Microfinance and Financial Inclusion #Political science #Public relations #World Wide Web
paper · pdf · doi:10.1111/joca.12510
crossref issued 2023/01/01 · crossref published 2023/01/01 · crossref published-print 2023/01/01 · openalex publication_date 2023/01/01 · crossref created 2023/01/30 · crossref published-online 2023/02/09 · crossref deposited 2023/08/20 · openalex created_date 2025/10/10 · crossref indexed 2026/07/31 · openalex updated_date 2026/08/01
Abstract Digital innovations are transforming financial services and resulting changes in consumer behavior and personal money management. Diffusion of pervasive digital technologies offers individuals quick and easy access to various digital services bringing opportunities and challenges into their personal money management. The study aimed to explore how digitalization affects individuals' financial literacy and financial capability. As a result, we identified three main themes in the intersection of finance and digitalization: Fintech, Financial behavior in digital environments, and Behavioral interventions. We propose directions for measuring digital financial literacy, updates to the financial literacy curriculum, and developments of digital learning tools. Further, we highlight collaboration between the public and private sectors to create a fairer and more inclusive economic landscape. Our study contributes to existing research by proposing a framework for digital financial literacy and financial capability and a research agenda for future studies.