The concept of financial security and confidence in the context of financial inclusion

Vadym Polishchuk and Lesia Ishchuk

E-Forum Working Papers, 2022, vol. 12, issue 2, 126-133

Abstract: The article analyzes the essence of the concept of financial security and confidence in the context of financial integration. The concept of confidence that exists in the financial market is determined. The content of the cashless-economy and financial inclusion is investigated. The features of accessibility to financial services in accordance with age are determined. The main participants who are interested in transparent and efficient financial processes are investigated. Prospects and threats to financial security in the context of financial inclusion are defined. The main purpose of the study is to study the concept of financial security and trust in the context of financial inclusion. The systematization of literary sources and approaches to solving the problem is that we have an analysis of domestic scientists who gave different approaches to interpreting the notion of financial security and trust, but we did not see the only vision. The relevance of solving this scientific problem is that the essence of the concept determines the prerequisites for practical measures to ensure financial inclusions, based on concepts of financial security and confidence in the financial system. The study of the topic of financial security and the availability of financial products in the work is carried out in such a logical sequence: the definition of the concept of trust that exists in the financial market; Research of positive features of the Cashless economy; bringing impact on the availability and use of opportunities that operate today in the financial market; consideration of priorities of young people's financial savings; definition of basic participants interested in transparent financial processes; Description of the Communication of Financial Literacy and Development of Financial Opportunities. Methodological tools of research methods were the last few years of research. The object of research is the processes associated with the spread of financial inclusions and financial security, because they will ensure the development of the financial system in the near future. The article presents the results of empirical analysis of financial inclusions and accessibility to financial products. Research empirically confirms and theoretically proves that the development of financial inclusions is possible only in the context of overcoming non-inclusive due to the combination of shadowing at different levels and defined digital threats to financial security in order to financial inclusion. The results of the research may be useful for practitioners, for civil servants, for scientists dealing with financial products and banking sector, for higher education and administration education

Keywords: financial inclusion; financial security; confidence; financial market; financial services; cashless-economy (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:cuc:eforum:v:12:y:2022:i:2:p:126-133

DOI: 10.36910/6775-2308-8559-2022-2-16

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