Financial Literacy Review, Vol. 4: Cooperatives Special Edition (2025)
Summary — This third volume of the Review of Financial Knowledge and Skills Development (RDCCF) encourages the adoption of digital financial innovations for responsible digital financial inclusion and improved financial well-being. It addresses both the opportunities and challenges presented by the digital transformation of the economy, accelerated by the COVID-19 pandemic.
Key Findings
- Digital financial inclusion can reduce costs, expand scale, and extend the reach of financial services.
- Data protection and transaction security are major challenges in the digital financial landscape.
- Financial literacy and awareness are crucial for mitigating risks associated with financial technologies.
- Collaboration between regulators, financial institutions, and consumers is essential for creating a secure and inclusive digital ecosystem.
- The use of SupTech (regulatory technology) is essential to strengthen consumer protection in the digital financial inclusion ecosystem.
Full Description
This third volume of the Review of Financial Knowledge and Skills Development (RDCCF) aims to promote greater adoption of digital financial innovations for responsible digital financial inclusion and improved financial health of consumers. While digitalization offers opportunities for financial inclusion, traceability, and efficiency, it also presents new challenges, particularly in data protection and transaction security. The review emphasizes the importance of educating and sensitizing the public to the financial risks associated with using financial technologies, aiming to strengthen digital resilience and the ability to face current challenges. It seeks to equip financial consumers with the tools for informed financial management and integration of digital financial solutions, aligning with the 13th edition of Financial Education Week in March 2025.