{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2025,10,11]],"date-time":"2025-10-11T01:03:28Z","timestamp":1760144608529,"version":"build-2065373602"},"reference-count":47,"publisher":"MDPI AG","issue":"5","license":[{"start":{"date-parts":[[2024,5,13]],"date-time":"2024-05-13T00:00:00Z","timestamp":1715558400000},"content-version":"vor","delay-in-days":0,"URL":"https:\/\/creativecommons.org\/licenses\/by\/4.0\/"}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["Administrative Sciences"],"abstract":"<jats:p>Fintech has revolutionized the financial sector, providing a new way of providing banking services. Since Fintech can provide the same services as traditional banks but entirely online, it is a competitor. As a result, consumers\u2019 relationships with banking have inevitably changed, and it is therefore relevant to analyze these changes. The main objective of this study is to understand people\u2019s perceptions of Fintech, their level of knowledge about it, and the impact of its emergence on traditional banking. The study sample consisted of 174 participants. A quantitative methodology was used to test the hypotheses formulated. The results show that participants who know about Fintech and perceive it as safe have a greater intention of changing banks. On the other hand, they perceive that supervision and regulation in traditional banks is higher than in Fintech. Among the reasons for becoming a Fintech customer, the most mentioned were lower costs and the fact that they provide greater convenience and ease of use. It will be in Fintech\u2019s interest to continue working with regulators so that the sector makes progress in this area and consumers can recognize greater equality between traditional banks and Fintech in the future.<\/jats:p>","DOI":"10.3390\/admsci14050099","type":"journal-article","created":{"date-parts":[[2024,5,15]],"date-time":"2024-05-15T06:59:32Z","timestamp":1715756372000},"page":"99","update-policy":"https:\/\/doi.org\/10.3390\/mdpi_crossmark_policy","source":"Crossref","is-referenced-by-count":0,"title":["Fintech: Evidence of the Urgent Need to Improve Financial Literacy in Portugal"],"prefix":"10.3390","volume":"14","author":[{"ORCID":"https:\/\/orcid.org\/0009-0003-5996-2087","authenticated-orcid":false,"given":"Mariana","family":"Costa","sequence":"first","affiliation":[{"name":"Department of Economics, Management, Industrial Engineering and Tourism, University of Aveiro, 3810-193 Aveiro, Portugal"}]},{"ORCID":"https:\/\/orcid.org\/0000-0002-2154-6171","authenticated-orcid":false,"given":"Manuel","family":"Au-Yong-Oliveira","sequence":"additional","affiliation":[{"name":"Department of Economics, Management, Industrial Engineering and Tourism, University of Aveiro, 3810-193 Aveiro, Portugal"},{"name":"INESC TEC\u2014Institute for Systems and Computer Engineering, Technology and Science, 4200-465 Porto, Portugal"},{"name":"GOVCOPP\u2014Research Unit on Government, Competitiveness and Public Policies, Campus Universit\u00e1rio de Santiago, University of Aveiro, 3810-193 Aveiro, Portugal"}]},{"ORCID":"https:\/\/orcid.org\/0000-0002-4799-874X","authenticated-orcid":false,"given":"Ana","family":"Moreira","sequence":"additional","affiliation":[{"name":"School of Psychology, ISPA\u2014Instituto Universit\u00e1rio, Rua do Jardim do Tabaco 34, 1149-041 Lisboa, Portugal"},{"name":"APPsyCI\u2014Applied Psychology Research Center Capabilities and Inclusion, ISPA\u2014Instituto Universit\u00e1rio, Rua Jardim do Tabaco 34, 1149-041 Lisbon, Portugal"},{"name":"Faculdade de Ci\u00eancias e Tecnologia, Universidade Europeia, Quinta do Bom Nome, Estr. da Correia 53, 1500-210 Lisboa, Portugal"}]}],"member":"1968","published-online":{"date-parts":[[2024,5,13]]},"reference":[{"key":"ref_1","doi-asserted-by":"crossref","first-page":"20","DOI":"10.21511\/bbs.15(3).2020.03","article-title":"Fintech in the eyes of Millennials and Generation Z (the financial behavior and Fintech perception)","volume":"15","author":"Arqawi","year":"2020","journal-title":"Banks and Bank Systems"},{"key":"ref_2","unstructured":"Andersson, Pedro, Valente, Fl\u00e1vio, and Coutinho, Catarina (2024, April 16). 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