Trust in Financial Technology: The Role of Financial Literacy, Digital Financial Literacy, Technological Literacy, and Trust in Artificial Intelligence

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Authors: Thomas A. Hanson, Caleb Ott
Cited by: 3
References: 53

Abstract

This study examines the relationships among financial literacy, digital financial literacy, technological literacy, and trust in artificial intelligence (AI) as predictors of consumer trust in fintech applications involving robo-advisors or chatbots. A sample of 117 college students responded to an online survey with scales designed to measure these constructs. Results confirmed that the three literacy measures were significantly correlated, reflecting their overlapping knowledge and cognitive perspective. However, trust in AI showed no significant correlation with any literacy measure, and regression analysis revealed that trust in AI was the sole statistically significant predictor of trust in consumer fintech. These findings suggest that fintech adoption is driven largely by trust rather than financial or technological competence, creating potential vulnerabilities when consumers lack the literacy to evaluate AI-generated financial advice. The results highlight the need for financial education programs to integrate fintech alongside traditional literacy topics and suggest a possible role for regulatory reform to support users of fintech.

Fields of Study & Subjects

FinTech Crowdfunding Digital Finance AI in Service Interactions Technology Adoption and User Behaviour

Publication details

Journal / source
Journal of risk and financial management
Publisher
MDPI AG
Volume
19
Issue
2
Pages
97–97
Publication date
2 February 2026
Language
EN