Institutional Repository
Technical University of Crete
Technical University of Crete
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| URI: | http://purl.tuc.gr/dl/dias/25A3C83D-5C27-4F87-87EA-AE2B58B16CBF | ||
| Year | 2025 | ||
| Type of Item | Diploma Work | ||
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| Bibliographic Citation | Nikolaos Kotsiaris, "Financial literacy, FinTech and AI readiness: An analysis of European countries", Diploma Work, School of Production Engineering and Management, Technical University of Crete, Chania, Greece, 2025 https://doi.org/10.26233/heallink.tuc.104835 | ||
| Appears in Collections |
This paper highlights the importance of financial literacy and its relationship with financial technologies and AI in Europe. At the same time, the challenges faced by the financial technologies and AI market are also examined. The levels of financial literacy in EU countries among students and adults are also investigated, through a statistical analysis of data from the Flash Eurobarometer 525, Flash Eurobarometer 509 surveys and the PISA 2022 assessment. The results demonstrate moderate levels of financial literacy across all age groups, with men showing a slightly higher level of knowledge compared to women, while higher levels of knowledge are mainly recorded in the Nordic countries. Furthermore, differences between socio-demographic characteristics are presented, as revealed by the calculation of correlations through Cramér’s V, which also affect the ownership of digital or traditional financial products. In addition, the values of the Oxford Insights AI Readiness Index were utilized, with the findings showing that countries with high rates of financial literacy are more prepared to adopt AI. Finally, the importance of financial education, supported by AI, is emphasized, both based on the literature review and according to the statistical data of the PISA 2022 assessment.
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