Specific Risks Of Digital Products And Services
From Open Risk Manual
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
