THE EFFECTS OF TECHNOLOGY IN

BOLSTERING FINANCIAL LITERACY

RESEARCH Aashutosh Mhsake (19030241051)

Akash Sagar (19030241054)
METHODOLOGY Anwesh Mohapatra (19030241057)
Arunima Ghosh (19030241059)
Division – B Ayush Kumar Verma (19030241061)
Riddhi Bhagat (19030241062)
Pavana B (19030241080)
 INTRODUCTION

LETRATURE REVIEW

RESEARCH METHODOLOGY

CONCLUSSION
 Evolution

Fintech Apps ( Paytm,

PhonePe, Google Pay)

Modern Banking( E-banking,

credit card)

Traditional Banking(Savings
Account)

Transactions in Cash
and Coins
 Key
Words

Finance Technology FinTech Impact Financial

Literacy
 Current Fintech Areas

Personal
Finance
Payments Management Insuretech

Credit Investment
Bank Tech.
Management

All the above mentioned areas are central to the functioning and
operation of the economy as a whole and directly will impact the
growth sustenance of the economy.
Impact of Technology on Financial Literacy

1
To drive our economy towards a bright
future, both in terms of access to finances
and awareness about
the multifarious opportunities that await the
population in this new digital era.

2
To help the youth invest wisely and
not fall under the category of
population where people are prone
to unnecessary debts.

3
People can make better informed
and well-rounded financial
decisions to serve their needs
in the most beneficial manner.
 01
Technology can expand access
to greater financial freedom
through increased financial
literacy and less-expensive
banking alternatives for LMI
household users and poor inner-
city communities. This served to
reinforce our belief that
technology can indeed help push
along financial literacy.
02
Financial literacy is heavily
based on financial education
and as such, can affect how
individuals manage their
personal finances, this in turn
will allow for the
construction of an economy
that provides for every
individual’s financial needs.
03
In order to ensure that the
population is financially literate, we
have to address them on a
psychological level so as to obtain
the best possible results.
Respondents having low financial
literacy primarily invest in
traditional and safe financial
products and do not invest much in
those financial products which are
comparatively riskier and can give
higher returns. Thus, it can be said
that financial literacy level affects
awareness regarding financial
products as well as investment
preferences towards financial
products.
04
It becomes the need of the hour
that government as well as
policy makers take necessary
steps to improve the level of
financial literacy among the
population and that there needs
to be certain degree of
personalization involved in the
structuring and developing of
such programs so as to ensure
that the individuals are not at a
loss with knowledge that isn’t
applicable to them.
 Problem Statement

Has technology contributed

significantly in improving the
financial literacy of urban IT
employed youth?
 Objectives
Infographic Style
1. To study how technology is affecting the financial literacy level of salaried urban IT population.

2. To study how financial literacy level of salaried individuals in IT sector affect their investment

preferences.

Hypothesis
Hypothesis 1 Hypothesis 2

Ho: Investment preferences of salaried individuals in IT sector

Ho: Financial Literacy level of salaried urban IT
for various financial products are
populace is independent of awareness of
independent of financial literacy level.
technology.
HA: Investment preferences of salaried individuals in IT sector
HA: Financial Literacy level of salaried urban IT
for various financial products are
populace is not independent of awareness of
not independent of financial literacy level.
technology.
 Laboratory Formal
Experiment Deductive M
Analysis
Field
Experimen
E
Quantitative
t
Quantitative
Reference
Simulation
T
Cross
Sectional Modelling H
Analysis
Level of
Formalization
O
Grounded
Theory
Prototyping
D
Case
Study
Action Research O
Qualitative
L
Qualitative Cross Argumentative
Sectional Analysis deductive analysis O
G
Behavioural Paradigm Design Y
 Socio Demographic
Literature
Review
Survey

Analysis

Psychographic
Expected Findings

CONCLUSION