Repository logo
 
Publication

Fintech: Evidence of the urgent need to improve financial literacy in Portugal

dc.contributor.authorCosta, Mariana
dc.contributor.authorAu-Yong-Oliveira, Manuel
dc.contributor.authorMoreira, Ana
dc.date.accessioned2024-07-01T11:08:58Z
dc.date.available2024-07-01T11:08:58Z
dc.date.issued2024
dc.description.abstractFintech has revolutionized the financial sector, providing a new way of providing banking services. Since Fintech can provide the same services as traditional banks but entirely online, it is a competitor. As a result, consumers’ relationships with banking have inevitably changed, and it is therefore relevant to analyze these changes. The main objective of this study is to understand people’s perceptions of Fintech, their level of knowledge about it, and the impact of its emergence on traditional banking. The study sample consisted of 174 participants. A quantitative methodology was used to test the hypotheses formulated. The results show that participants who know about Fintech and perceive it as safe have a greater intention of changing banks. On the other hand, they perceive that supervision and regulation in traditional banks is higher than in Fintech. Among the reasons for becoming a Fintech customer, the most mentioned were lower costs and the fact that they provide greater convenience and ease of use. It will be in Fintech’s interest to continue working with regulators so that the sector makes progress in this area and consumers can recognize greater equality between traditional banks and Fintech in the future.pt_PT
dc.description.versioninfo:eu-repo/semantics/publishedVersionpt_PT
dc.identifier.citationCosta, M., Au-Yong-Oliveira, M., & Moreira, A. (2024). Fintech: Evidence of the Urgent Need to Improve Financial Literacy in Portugal. Administrative Sciences (2076-3387), 14(5), 99. https://doi.org/10.3390/admsci14050099pt_PT
dc.identifier.doi10.3390/admsci14050099pt_PT
dc.identifier.issn20763387
dc.identifier.urihttp://hdl.handle.net/10400.12/9820
dc.language.isoengpt_PT
dc.peerreviewedyespt_PT
dc.publisherMultidisciplinary Digital Publishing Institute (MDPI)pt_PT
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/pt_PT
dc.subjectArtificial intelligencept_PT
dc.subjectConsumerspt_PT
dc.subjectBankingpt_PT
dc.subjectFinancept_PT
dc.subjectFinancial innovationpt_PT
dc.subjectFintechpt_PT
dc.titleFintech: Evidence of the urgent need to improve financial literacy in Portugalpt_PT
dc.typejournal article
dspace.entity.typePublication
oaire.citation.conferencePlaceSwitzerlandpt_PT
oaire.citation.issue5pt_PT
oaire.citation.startPage99pt_PT
oaire.citation.titleAdministrative Sciencespt_PT
oaire.citation.volume14pt_PT
person.familyNameAu-Yong-Oliveira
person.familyNameMoreira
person.givenNameManuel
person.givenNameAna
person.identifier1611261
person.identifier.ciencia-id4214-8DEC-9F14
person.identifier.ciencia-id8D1F-C933-D4EC
person.identifier.ciencia-idE61C-D6B7-1217
person.identifier.orcid0000-0002-2154-6171
person.identifier.orcid0000-0002-4799-874X
person.identifier.scopus-author-id57193326824
person.identifier.scopus-author-id57224107907
rcaap.rightsopenAccesspt_PT
rcaap.typearticlept_PT
relation.isAuthorOfPublication8f725c52-9675-43bb-9b4c-a47b26d52468
relation.isAuthorOfPublicationedbb280d-2516-420f-8af3-697ca4c8f5d6
relation.isAuthorOfPublicationf51e9fc7-2cd4-41bc-810c-b5ac17842e4d
relation.isAuthorOfPublication.latestForDiscoveryf51e9fc7-2cd4-41bc-810c-b5ac17842e4d

Files

Original bundle
Now showing 1 - 1 of 1
Loading...
Thumbnail Image
Name:
Administrative Sciences 14(5).pdf
Size:
1.47 MB
Format:
Adobe Portable Document Format
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.61 KB
Format:
Item-specific license agreed upon to submission
Description: