A growing body of evidence suggests that financial literacy plays an important role in financial well-being, and that differences in financial knowledge acquired early in life can explain a significant part of financial and more general well-being in adult life. Financial technology (FinTech) is revolutionizing the financial services industry at an unrivalled pace. Views differ regarding the impact that FinTech is likely to have on personal financial planning, well-being and societal welfare. In an era of mounting student debt, increased (digital) financial inclusion and threats arising from instances of (online) financial fraud, financial education and enlightened financial advising are appropriate policy interventions that enhance financial and overall well-being.
Financial Literacy and Responsible Finance in the FinTech Era: Capabilities and Challenges engages in this important academic and policy agenda by presenting a set of seven chapters emanating from four parallel streams of literature related to financial literacy and responsible finance.
The chapters in this book were originally published as a special issue of The European Journal of Finance.
John O. S. Wilson is Professor of Banking & Finance and Director of the Centre for Responsible Banking & Finance at the University of St Andrews. His research focuses on financial institutions in Asia, Europe and North America. He has published over 70 refereed journal articles. He is the author/co-author of numerous textbooks and monographs. He also co-edited the first, second and third editions of the Oxford Handbook of Banking.
Georgios A. Panos is Professor of Finance at the Adam Smith Business School of the University of Glasgow. He is working on issues of responsible finance and business and has been voted as a Poets & Quants Top 40 Under 40 MBA Professor for the year 2020. His early influential work on the behavioural determinants of business entry, performance and failure has been published at the Journal of Financial Economics and received prestigious awards for strengthening financial economic research and education. His most recent work on financial literacy received €1.6 million funding from the EU via the Horizon 2020 project "PROFIT: PROmoting FInancial awareness and sTability". His novel courses in responsible banking and development finance and his scholarly work on the educational curriculum in financial technology (FinTech) have led to the generation of new curricula and taught programmes at the Adam Smith Business School. He serves at the editorial teams of The European Journal of Finance, Small Business Economics: An Entrepreneurship Journal and the Journal of General Management.
Chris Adcock is Honorary Professor of Finance in Sheffield University Management School and visiting Professor at University College Dublin. He worked as Professor of Quantitative Finance at SOAS – University of London and as Professor of Financial Econometrics at the University of Sheffield. His research interests are in portfolio selection, asset pricing theory and development of quantitative techniques for portfolio management. He is also the founding editor of The European Journal of Finance.
