Digital banking and finance

Background

With the rise of mobile financial services, financial Robo-advisor, and other financial technology solutions, individuals and businesses can conduct financial transactions from anywhere at any time. They are also able to improve financial planning . Moreover, digital banking and finance empower financial inclusion by making financial services available to unbanked individuals. However, digital banking and finance also pose some challenges such as cybersecurity risks and the need for greater financial literacy. As these technologies continue to evolve, it is important for individuals, businesses, and regulators to stay informed about the recent developments.

Through interdisciplinary perspective, and by using theories from business administration and other branches of knowledge, the project aims to answer the following two questions: 

1. How could financial technology enhance the financial planning of individuals and businesses?
2. How cognitive attributes in the form of barriers and barrier-breakers and non-cognitive attributes such as emotions attributes influence individuals’ use of mobile financial services?

Contributions and results

The work focusses mainly on digital banking and finance in Sweden, but also considers other European and Asian countries. The project has so far produced several publications, including articles in international journals, book chapters, one book, conferences papers, and popular science reports. In addition, the research group managed two tracks on relevant topics in two international conferences, and managed seminars with industry professionals. 

Project organization, project period and project financing

The team includes researchers from the Centre for Research on Economic Relations (CER) at Mid Sweden University, along with a group of international researchers from various parts of the world.