The results of financial technology proficiency research on investment decisions are
in line with the Technology Acceptance Model (TAM) theory, namely the concept of
perceived usefulness. Perceived uselfulness in TAM explains that the benefits of
using information technology can improve the performance and work performance
of the people who use it. This means that the better someone uses the available
financial information technology, the better the investment decisions will be made.
The results of research on risk perception on investment decisions are supported by
one aspect of Theory of Planned Behavior, namely perceived behavioral control.
Perceived behavioral control is someone who understands the level of risk and
predicts things that will happen in the future for the actions taken. The higher the
understanding of the risk of investing that a person has, the more a person declines
to invest.
The results of behavioral finance research on investment decisions are in line with
Theory of Planned Behavior (TPB). Theory of Planned Behavior (TPB) assumes that
a person basically behaves consciously and considers all information implicitly or
explicitly in making an investment. The better one^s financial attitude or mentality,
the better one^s financial behavior in making investment decisions.
In this research, it is stated that Financial Technology Proficiency
has a significant influence. What are the assessment indicators for
Financial Technology Proficiency?
The findings of this research state that young entrepreneurs are expected to have a
better risk perception in investing. Apart from that, the use of technology and financial
behavior must be maintained so that we are able to make the right decisions in
investing. This statement is still normative and needs to be explained in more detail by
the theoretical and policy implications of the results of this research.
Replies:
How does company use of financial technology impact your behavioral biases, such as overconfidence or herd behavior? and How has company comfort with financial technology influenced your willingness to take investment risks?
Fintech technology can have an impact on behavioral biases, such as
Increases self-confidence because easy access to information and personal
recommendations makes people feel more confident in their investment decisions.
Apart from that, fintech technology is able to encourage group behavior because the
social media features on fintech platforms make people tend to follow investment
trends. at the same time being able to influence risk tolerance because positive
experiences with fintech can increase risk tolerance, but it can also do the opposite if
users feel uncomfortable.
