Transforming Financial Sector Through Financial Literacy and Fintech Revolution

Title

Transforming Financial Sector Through Financial Literacy and Fintech Revolution

Creator

Makhija P.; Chacko E.; Sinha M.

Description

The current research focuses on the financial literacy among the women, youth and impact of fin-tech on the socioeconomic well-being of the economy. The researcher has incorporated extensive data mining on financial well-being and assesses the financial literacy along with attitude and behavior for financial knowledge mainly focusing on youth and usage of AI in financial services. It has been observed during research that the benefits of the technology are limited only to the urban areas, but the rural places are not much benefited and therefore more focus is needed for the financial technology to get amalgamated with rural lifestyle for convenience and transparency of financial transactions. This research paper contributes to the awareness of financial literacy and importance of financial reliance for the youth of today through knowledge sharing. The research also highlights the importance of government involvement in financial literacy and creating awareness at a global level for well-being of youth and women. Financial literacy can also improve the rate of entrepreneurs growth and financial decisions. Financial knowledge and fin-tech services can help in better financial decisions and saving culture for self-reliant youth. The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2021.

Source

Financial Inclusion in Emerging Markets: A Road Map for Sustainable Growth, pp. 239-255.

Date

2021-01-01

Publisher

Springer Nature

Subject

Attitude; Fin-Tech; Financial literacy; Financial well-being; Subjective financial knowledge; Youth

Coverage

Makhija P., Center for Management Studies, Jain University, Bangalore, India; Chacko E., Center for Management Studies, Jain University, Bangalore, India; Sinha M., Christ (Deemed to be University), Bangalore, India

Rights

Restricted Access

Relation

ISBN: 978-981162652-4; 978-981162651-7

Format

Online

Language

English

Type

Book chapter

Identifier

https://doi.org/10.1007/978-981-16-2652-4_12

https://www.scopus.com/inward/record.uri?eid=2-s2.0-85152263357&doi=10.1007%2f978-981-16-2652-4_12&partnerID=40&md5=ef96078b12b9d7e19dab5b5aca89ace7