The Development of Financial Technology, Financial Literacy, and Financial Management Behavior in Generation Z (A Case Study of Economics Students at UIN Maulana Malik Ibrahim Malang)

Abstract

This study aims to analyze and explore the influence of financial technology development on financial literacy and financial management behavior in generation Z, especially for students at the Faculty of Economics, UIN Maulana Malik Ibrahim Malang with a birth year range of 1997-2012 as many as 100 respondents. This study used a quantitative approach and purposive sampling technique which amounted to 100 qualified respondents. This study used a sample of generation Z at the Faculty of Economics, UIN Maulana Malik Ibrahim Malang and this research was conducted in the period March-August 2024. This research method is SEM (Structural Equation Modeling) analysis with the PLS Partial Least Square (PLS) approach. Hypothesis testing in this research is to understand the relationship between variables. To test the validity and reliability of researchers using the outer model. Hypothesis testing using the inner model. The results showed that financial technology has a significant positive effect on financial literacy and student financial management behavior, financial literacy has a significant positive effect on student financial management behavior and literacy is able to mediate the relationship between financial technology and student financial management behavior.