Increasing Financial Literacy and Security: Optimizing Household Budgets through Training in Smart-Program Usage

Annotatsiya

Digital nihilism, defined as distrust or apathy towards online financial systems, inhibits the adoption of digital tools for family savings management. This research analyzes the expressions and determinants of digital nihilism within family finance contexts on a global scale. It examines variances in savings behaviors and policies between societies exhibiting high levels of nihilism versus low. The efficacy of educational, informational, regulatory, and design-focused interventions for mitigating digital distrust is evaluated. The results yield recommendations for developing comprehensive strategies intended to advance financial literacy and secure utilization of online financial services among families.

Kalit so'zlar

Foydalanilgan adabiyotlar

1. Accenture. (2021). To Bank And Beyond: How Banks Are Driving Hyper- Personalization With Data-Driven Insights. 2. Braunstein, S., & Schuh, S. (2021). Data Security and Privacy in the Consumer Financial Marketplace. Philadelphia Fed – Consumer Finance Institute Discussion Paper No. 20-04. 3. Breckenridge, J. (2014). Reclaiming quality in qualitative research: A complex systems perspective. Complexity in Social Work. 4. CBRT (Central Bank of the Republic of Turkey). (2021). Financial Literacy Strategy and Action Plans 2021-2025. 5. CFPB (Consumer Financial Protection Bureau). (2022). About us – The bureau. 6. Chen, T., Dass, M., & Jain, A. (2021). Building trust in artificial intelligence. Computers in Human Behavior, 125, 106951. 7. Choudrie, J., Zamani, E. D., Keval, N., & Fink, G. (2021). Understanding and combating the silent cybercrime of phishing. Journal of Systems and Information Technology. 8. DuitNow. (2022). DuitNow Cross Border Remittance. 9. EDPB (European Data Protection Board). (2022). The EDPB Strategy 2021- 2023. https://edpb.europa.eu/sites/default/files/files/file1/edpb_strategy2021- 2023_en.pdf 10. El Economista. (2021). Fintech Law strengthens financial inclusion in Mexico – BBVA. 11. Federal Reserve. (2022). Consumers and Mobile Financial Services Report. https://www.federalreserve.gov/default.htm 12. Fernandes, D., & Netemeyer, R. G. (2014). Financial literacy, financial education, and downstream financial behaviors. Management Science, 60(8), 1861- 1883. 13. FINRA Investor Education Foundation. (2019). The State of U.S. Financial Capability: The 2018 National Financial Capability Study. 14. FMA (New Zealand Financial Markets Authority). (2021). Digital Markets Strategy. 15. Goodrick, D. (2014). Comparative case studies: Methodological briefs – Impact estimation No. 9. UNICEF Office of Research. 16. Gulyamov, S.S., Narziev, O.S. (2023). Uzbekistan Investment Law and Policy: Challenges and Opportunities. In: Asian Yearbook of International Economic Law. Springer, Cham. https://doi.org/10.1007/16517_2023_17 17. Hamdan, A. R., Omar, N. H., Syahirah, A. B., & Abdullah, M. T. (2022). Addressing cybersecurity skill limitations in Malaysia through multi-sector collaboration. Telematics and Informatics, 68, 101871. 18. HKMA (Hong Kong Monetary Authority). (2018). Cybersecurity Fortification Initiative. https://www.hkma.gov.hk/eng/ 19. Ivanov, C., Drăgan, M. D., & Isaic-Maniu, A. (2019). Determinants of digital nihilism for modern management.(32), 37-51. https://doi.org/10.24818/amp/2019.32-03 20. Jin, L., & Bolebruch, J. (2009). Virtual commerce (V-commerce) and mass customization. Business Renaissance Quarterly, 4(2), 103. 21. Jünger, M., & Mietzner, M. (2020). Banking goes digital: The adoption of fintech services by German households. Finance Research Letters, 34, 101260. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3368133 22. Karlsson, L., Dellgran, P., Höjeberg, P., & Ketels, C. (2021). Digitalization of Swedish banking: Customer experiences mattering in the adoption of digital banking channels. Computers in Human Behavior, 121, 106787. https://www.divaportal. org/smash/get/diva2:1447682/FULLTEXT02 23. Kelley, N. J., Lamir, E., ElSaid, H., Kopack, J., Breitstein, B., & Rabelo, L. (2021). Trends and economic drivers in the Danish retail banking industry: Online service adoption using a Technology-Organization-Environment framework. Technology in Society, 66, 101636. 24. Keong, C. C. (2020). Fintech development and regulation in Malaysia. BIS Papers chapters, 106, 245-262. 25. Kim, D., Widdows, R., & Yilmazer, T. (2005). The determinants of consumers’ adoption of Internet banking. Consumer interests annual, 51, 1-3. 26. KPMG. (2021). Demand for Fintech in Australia. 27. Kumar, A., Murphy, F., McGinty, L., & McDermott, I. (2022). Leveraging predictive analytics to implement personalized nudges to loyalty program members. Computers in Human Behavior, 136, 107183. 28. Lara, P. Z., Salas-Vallina, A., De Castro, F. A., & Lopez, P. Z. (2019). Bank- Fintech collaboration: a strategic process towards digital transformation. Spanish Journal of Marketing-ESIC. 29. Lewis, R. C. (2020). Hospitality technology – A review and reflection. Tourism Review, 75(1), 259-261. 30. Lwoga, E. T., & Lwoga, N. B. (2017). User acceptance of mobile payment: The effects of user-centric security, system characteristics and gender. Electronic Journal of Information Systems in Developing Countries, 81(1), 1-24. 31. Micali, S., & Cliff, D. (2021). Collateral: A novel cryptographic foundation for confidential debt agreements between mutually distrusting parties. Journal of Cryptology, 1-27. 32. OECD. (2020). OECD/INFE 2020 International Survey of Financial Literacy. 33. Omar, K., Anouze, A., Alamro, A., Aljohani, N. R., Alfifi, F., & Alfarraj, O. (2021). E-government program estimation using fuzzy cognitive maps in developing countries. Estimation and program planning, 88, 101966. 34. Po, C. & Ward, C. (2014). The perception of information overload in Internet shopping. Journal of Applied Business Research, 30(5), 1369. 35. Po, C. W., & Shin, W. H. (2018). The perceived benefits of fintech applications for micro-enterprises in Myanmar. ACM SIGMIS Database: the DATABASE for Advances in Information Systems, 49(1), 9-19. 36. RNZ. (2021). Online banking, investment soars during pandemic – survey. 37. S. S. Gulyamov, A. A. Rodionov, I. R. Rustambekov and A. N. Yakubov, “The Growing Significance of Cyber Law Professionals in Higher Education: Effective Learning Strategies and Innovative Approaches,” 2023 3rd International Conference on Technology Enhanced Learning in Higher Education (TELE), Lipetsk, Russian Federation, 2023, pp. 117-119, doi: 10.1109/TELE58910.2023.10184186. 38. S. S. Gulyamov, R. A. Fayziev, A. A. Rodionov and G. A. Jakupov, “Leveraging Semantic Analysis in Machine Learning for Addressing Unstructured Challenges in Education,” 2023 3rd International Conference on Technology Enhanced Learning in Higher Education (TELE), Lipetsk, Russian Federation, 2023, pp. 5-7, doi: 10.1109/TELE58910.2023.10184355. 39. Smith, J. W. (2010). The deconstructed journal revisited-A review of developments. In ElPub2010-14th International conference on electronic publishing. 40. Sohn, S., & Po, S. W. (2022). Fintech use of microenterprises in Indonesia: Drivers of inconsistent usage and non-use. Technology in Society, 69, 101857. 41. Swedish Bankers’ Association. (2021). News from the Swedish Bankers’ Association. 42. Wang, Y., Hahn, C., & Sutrave, K. (2019, April). Mobile payment security, threats, and challenges. In 2019 IEEE 5th Intl Conference on Big Data Security on Cloud (BigDataSecurity), IEEE Intl Conference on High Performance and Smart Computing,(HPSC) and IEEE Intl Conference on Intelligent Data and Security (IDS) (pp. 105-109). IEEE. https://www.researchgate.net/publication/301710060_Mobile_payment_security_t hreats_and_challenges 43. World Bank. (2021). The Global Findex Database 2021. https://www.worldbank.org/en/publication/globalfindex 44. Xiao, J. J., & O’Neill, B. (2016). Consumer financial education and financial capability. International Journal of Consumer Studies, 40(6), 712-721. https://www.researchgate.net/publication/301487659_Consumer_Financial_Educat ion_and_Financial_Capability 45. Yuspin, W., Wardiono, K., Budiono, A., & Gulyamov, S. (2022). The law alteration on artificial intelligence in reducing Islamic bank’s profit and loss sharing risk. Legality : Jurnal Ilmiah Hukum, 30(2), 267–282. https://doi.org/10.22219/ljih.v30i2.23051 46. Guggemos, J. (2020). On the predictors of computational thinking and its growth at the high-school level. Computers & Education, 104060. https://doi.org/10.1016/j.compedu.2020.104060. 47. Spolaôr, N., & Vavassori Benitti, F. B. (2017). Robotics applications grounded in learning theories on education: A systematic review. Computers & Education, 114, 103-123. https://doi.org/10.1016/j.compedu.2017.05.001 48. Zhiqi, H., et al. (2023). The collaborative development of graduate education and high economic quality and its dynamic evolution forecast. Heliyon.