Implementation of Financial Technology and Increasing Financial Literacy of Small and Medium Enterprises in A Literature Review
Abstract
Currently developing fintech aims to improve efficiency, accessibility and user experience in a financial context covering a variety of technological applications, including artificial intelligence, data analysis, mobile technology and internet-based platforms in the provision of financial products and services. Medium Financial literacy includes an individual's ability to understand financial concepts and principles that include financial products and services. This research takes the form of a systematic literature review with the aim of analyzing how the application of financial technology and financial literacy affects the performance, obstacles and practices of MSMEs. This research uses data obtained from online data, namely articles obtained from various selected journal articles. The search keywords used were "financial technology and financial literacy in MSMEs. The research results show that Fintech carried out by MSMEs can increase financial literacy and financial inclusion in MSMEs, as well as financial literacy on MSME performance consisting of: dimensions of financial literacy, namely: knowledge, attitudes and behavior; Factors that influence financial literacy are age, gender, education, years of service and income; strategies to increase financial literacy through training; MSME performance includes financial and non-financial performance. The impact of financial literacy on MSME performance is influenced by many factors.
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