The Influence of Digital Financial Literacy and The Use of Financial Technology Towards Financial Satisfaction Through Financial Behavior

Patricia Kiarra Adelaide and Antonius Siahaan ()
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Patricia Kiarra Adelaide: Swiss German University
Antonius Siahaan: Swiss German University

A chapter in Proceedings of the 5th International Conference on Global Innovation and Trends in Economy 2024 (INCOGITE 2024), 2024, pp 203-222 from Springer

Abstract: Abstract The current digital age has triggered an increased usage of financial technology that affects consumerism culture, while the overall digital financial literacy remains low. Previous literature suggested a significant relationship between these two variables towards the behavioral finance of fintech users and how it can have an effect on a person’s satisfactory level on their own personal finance. Thus, this study is conducted to analyze the influence of digital financial literacy and financial technology towards financial satisfaction through financial behavior. Furthermore, there is limited literature related to digital financial literacy and contradictory results regarding the relationship between fintech and financial behavior. To accomplish the objective of this study, multiple regression analysis was conducted, which analyzed the relationship between the independent variables (DFL and FT), the intervening variable (FB), toward the dependent variable (FS). As a result, four out of five hypotheses were accepted; only the relationship between DFL and FS was not supported.

Keywords: Digital Financial Literacy; Financial Technology; Financial Behavior; Financial Satisfaction (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-585-0_15

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DOI: 10.2991/978-94-6463-585-0_15

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