International Journal For Multidisciplinary Research

E-ISSN: 2582-2160     Impact Factor: 9.24

A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

Call for Paper Volume 6 Issue 3 May-June 2024 Submit your research before last 3 days of June to publish your research paper in the issue of May-June.

Technological Innovations and Financial Literacy: Navigating Digital Investment Platforms

Author(s) Nalini Singh, Jitendra Kumar Singh
Country India
Abstract With a focus on the ever-changing world of technology, the study aims to investigate the revolutionary effects of digital investment platforms, their related potential and difficulties, and enhance the knowledge of the complex relationship between technology and financial literacy.
The paper classifies digital investment platforms and describes robo-advisors, cryptocurrency exchanges, and online trading platforms along with their features and benefits such as goal-based investment, cost-effectiveness, automated portfolio management, market liquidity, and market access. Navigating these sites can be difficult, though, because of issues including cybersecurity worries, an abundance of information, and unclear regulations. An oversupply of data might lead to information overload, which could impair decision-making. Notwithstanding obstacles, the study finds prospects to improve financial literacy by incorporating gamification techniques, virtual trading environments, interactive learning modules, and real-time educational alerts that will assist people grasp difficult financial ideas better.
To sum up, the integration of technology and financial literacy via digital investment platforms transforms the landscape of personal finance. These platforms may both democratize financial access and act as effective instruments for promoting a financially educated society by identifying the obstacles and seizing the opportunities.
Keywords Financial literacy, technological innovation, robo-advisors, cryptocurrency, online trading.
Published In Volume 6, Issue 3, May-June 2024
Published On 2024-05-14
Cite This Technological Innovations and Financial Literacy: Navigating Digital Investment Platforms - Nalini Singh, Jitendra Kumar Singh - IJFMR Volume 6, Issue 3, May-June 2024. DOI 10.36948/ijfmr.2024.v06i03.20114
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