Specific Risks Of Digital Products And Services: Difference between revisions
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Definition
Specific Risks Of Digital Products And Services. In the context of the Financial Competence Framework, Specific Risks Of Digital Products And Services is a topic in the Risk And Reward subject matter domain.[1]
Competences
Mastering the role of Specific Risks Of Digital Products And Services in financial literacy context requires the following competences:
Code | Competency Description | Competency Type |
---|---|---|
369 | Aware of the specific risks related to digital financial products and services, such as mobile banking and lending, investing, borrowing via peer-to-peer platforms | Knowledge |
370 | Aware that some digital financial products and services (such as crypto-assets or initial coin offerings) are riskier than established financial products because they are less regulated or even unregulated | Knowledge |
371 | Pays particular attention to risks related to financial products based on emerging technologies, such as blockchain-based financial products (crypto-assets, initial coin offerings, etc.) | Skill |
References
- ↑ European Union/OECD (2022), Financial competence framework for adults in the European Union