Main Article Content
Digital literacy is the ability to analyse, evaluate and create a teaching and learning media which enables adults and youth to understand complex communication, Aufderheide (1993). Therefore, this research study has examined how digital knowledge could provide an opportunity to learn financial capability. Fintech has transformed the history of the financial sectors and places an individual at significant advantages. However, Bankers, Teachers, Information Technology (IT) professionals and university students were selected for the research study from Bangladesh and England. Interviews were conducted with management level professionals. Survey and test questionnaires were developed and randomly directed to other participants to measure their financial and ICT knowledge. The research findings have found that present financial decision making, and the growth of assets depends on an individual adult’s financial capability.
This work is licensed under a Creative Commons Attribution 4.0 International License.
- Behrman, J. R., Mitchell, O. S., Soo, C., & Bravo, D. (2012). How financial literacy affects household wealth accumulation. American Economic Review, 102(3), p.300-304, EBSCO Business Source Corporate Plus [online]. Available from the KnowledgeBank website at http://search.ebscohost.com/login.aspx?direct=true&AuthType=url&db=plh&AN=75368015&site=ehost-live [Accessed: 17 August 2017].
- Behrman, Jere, Olivia S. Mitchell, Cindy K. Soo, and David Bravo (2010). "Financial Literacy, Schooling, and Wealth Accumulation." NBER Working Paper 16452, [online]. Available at: http://repository.upenn.edu/cgi/viewcontent.cgi?article=1031&context=parc_working_papers [Accessed: 26 July 2017].
- Brynjolfsson, E., MacAfee, A. (2014). The Second Machine Age: w.w. Norton and Company, New York.
- Capgeminin, M. L. (2014). World Payment Report 2014, [online]. Available at: https://www.worldpaymentsreport.com/ [Accessed: 26 July 2017].
- Carney. M. (2017). The promise of fintech: something new under the sun? Speech at Deutsche Bundesbank G20 conference on "Digitising finance, financial inclusion, and financial literacy," Wiesbaden, 25 January [pdf]. Available at http://www.bankofengland.co.uk/publications/Documents/speeches/2017/speech956.pdf [Accessed: 18 April 2017].
- Dapp, T. F. (2014). Fintech- The digital (r) evolution in the financial sector; Algorithm-based banking with the human touch, Deutsche Bank Research, [pdf]. Available at: https://www.dbresearch.com/PROD/DBR_INTERNET_EN-PROD/PROD0000000000345837/Fintech+%E2%80%93+The+digital+(r)evolution+in+the+financia.PDF [Accessed: 28 July 2017].
- Easterby-Smith, M., Thorpe, R., and Jackson, P. (2012). Management Research 4th Edition. SAGE.
- Forrester, J. W. (2007). UK Online Banking Forecast: 2007 to 2012, p13.
- Jappelli, T., & Padula, M. (2013). Investment in financial literacy and saving decisions. Journal of Banking & Finance, 37(8), 2779-2792.
- Johnson, E., and Sherraden, M. S. (2007). From Financial Literacy to Financial capability among Youth, J. Soc. & Soc, Welfare, 34, 119, [pdf]. Available at: https://csd.wustl.edu/publications/Documents/WP06-11.pdf [Accessed: 26 July 2017].
- Lusardi, A. (2011). Americans' financial capability (No. w17103). National Bureau of Economic Research.
- Mitchell, O. S., & Lusardi, A. (2015). Financial literacy and economic outcomes: Evidence and policy implications. The journal of retirement, 3(1), 107-114.
- Müller, S., Weber, M. (2010). Financial Literacy and Mutual Fund Investments: Who Buys Actively Managed Funds?, Schmalenbach Business Review, Forthcoming.
- OECD – Organisation for Economic Co-operation and Development (OECD). (2013). Financial literacy and inclusion: Results of OECD/INFE survey across countries and by gender. Paris, France: OECD Centre.
- Pires, D., Lima, O., Dalongaro, R., Silva, P. S., & Silveira, J. (2013). Educac¸ãoFinanceira como Estratégia para Inclusão de Jovens na Bolsa de Valores. Encontros Científicos-Tourism & Management Studies, 3, 720–730.
- Pohjola, M. (2014). Suomi Uuteen Nousuun: ICT ja digitalsaatio tuittavuuden ja talouskasvun lähteinä, Finnish Technology Industries, [pdf]. Available at: http://teknologiateollisuus.fi/sites/default/files/file_attachments/pohjolan_raportti_suomi_uuteen_nousuun.pdf [Accessed: 11 July 2017].
- Potrich, A. C. G., Vieira, K. M., & Kirch, G. (2015). Determinantes daAlfabetizac¸ão Financeira: Análise da Influência de Variáveis Socioeconômi-cas e Demográficas. Revista Contabilidade & Finan¸cas, 26(69), 362–377.
- Potrich, A. C. G., Vieira, K. M., & Mendes-Da-Silva, W. (2016). Development of a financial literacy model for university students. The management research review, 39(3), 356–376.Robb, C. A. (2011). Financial knowledge and credit card behavior of college students. Journal of Family and Economic Issues, 32(4), 690–698.
- Riemer, K., Hafermalz, E., Roosen, A., Boussand, N., El Aoufi, H., Mo, D., & Kosheliev, A. (2017). The Fintech Advantage: Harnessing digital technology, keeping the customer in focus. University of Sydney, Business School, and Capgemini, [pdf]. Available at: https://ses.library.usyd.edu.au//bitstream/2123/16259/4/Fintech_Report_Final_Web.pdf [Accessed: 31 July 2017].
- Robb, C.A., and Woodyard, A. (2011). Financial Knowledge and Best Practice Behaviours, [pdf]. Available at: http://files.eric.ed.gov/fulltext/EJ941903.pdf [Accessed: 31 July 2017].
- Santos, D. B., Mendes-Da-Silva, W., Flores, E., & Norvilitis, J. M. (2016). Predictors of credit card use and perceived financial well-being in female college students: A Brazil–United States comparative study. InternationalJournal of Consumer Studies, 40(2), 133–142.
- Sen, A. (1993). Capability and well-being. In Nussbaum, M and Sen, A (Eds) The Quality of Life. Oxford: Clarendon Press, [pdf]. Available at: http://existencia.org/files/alt-eco/quality.pdf [Accessed: 31 July 2017].
- Survey Monkey (2013). Create Surveys, Get Answers, Survey Monkey.com, [Online]. Available at: https://es.surveymonkey.com/ [Accessed: 31 June 2017].
- Touré, H. (2011). Statement des Generalsekretärs des UN Institute of Telecommunikaction(ITU) am 26. Januar.
- Van Rooij, M. C., Lusardi, A., & Alessie, R. J. (2012). Financial literacy, retirement planning, and household wealth. The Economic Journal, 122(560), pp449-478, [online]. Available at : http://onlinelibrary.wiley.com/doi/10.1111/j.1468-0297.2012.02501.x/full [Accessed: 26 July 2017].
- Walsh, K. (2013). When I say triangulation, Medical Education, 47, 9, p. 866, Academic Search Premier, EBSCOhost. [pdf]. Available at: http://search.ebscohost.com/login.aspx?direct=true&AuthType=url&db=aph&AN=89658912&site=ehost-live [Accessed: 12 August 2017].
- Whitty, G., Rowe, G., & Aggleton, P. (1994). Subjects and themes in the secondary‐school curriculum. Research Papers in Education, 9(2), 159-18.
- Willis, L., E. (2008). Against Financial Literacy Education, ExpressO, University of Pennsylvania.
- World Economic Forum (2014). The Europe 2020 Competitiveness Report: Building a More Competitive Europe, Geneva [pdf]. Available at: http://www3.weforum.org/docs/CSI/2012/Europe2020_Competitiveness_Report_2012.pdf [Accessed: 12 August 2017].
- Xia, X., and Xia, Y. (2014). Gold nanocages as multifunctional materials for nanomedicine. Frontiers of Physics, 9(3), 378-384, [online]. Available at: https://link.springer.com/article/10.1007/s11467-013-0318-8 [Accessed: 26 July 2017].