Digital Financial Literacy as a Condition for the Population to Adapt to Digital Transformation

Abstract

The research aims to analyze the priority areas for developing the digital financial literacy (DFL) of the population. During the research, the authors applied comparative analysis, synthesis, a systemic approach to data evaluation, and the dialectical method. The research found that the main components of DFL include the level of digital financial knowledge, the level of digital financial attitudes, and the level of digital financial behavior. There are also scientifically based theses about the importance of digital transformation of society due to the new global requirements for the level of basic knowledge and skills to use digital financial technologies effectively. Based on the analysis, the authors defined DFL as a basic digital process of forming financial concepts based on the ability of people to make informed decisions in dealing with financial services and their awareness of the risks arising in the digital environment, as well as the possibility of their neutralization. The research identifies and analyzes the most promising areas that make it possible to develop trends in the field of DFL.

Citation

Teslenko, I.B. and Maslakova, D.O. (2024), "Digital Financial Literacy as a Condition for the Population to Adapt to Digital Transformation", Eshov, M.P., Abdurakhmanova, G.K., Burkhanov, A.U., Abdusalomova, N.B. and Ergasheva, S.T. (Ed.) Development of International Entrepreneurship Based on Corporate Accounting and Reporting According to IFRS (Advanced Series in Management, Vol. 33B), Emerald Publishing Limited, Leeds, pp. 7-14. https://doi.org/10.1108/S1877-63612024000033B002