Article Sidebar

Submitted
July 13, 2019
Accepted
September 23, 2020
Published
July 30, 2019
Download
PDF
Statistic
Read Counter : 271 Download : 78

Main Article Content

Abstract

The purpose of this study is to describe the strategy of increasing public financial inclusion through the use of fin-tech finance. The method used is descriptive qualitative. Data is obtained from secondary data sourced from the official website of Indonesian banks, financial service authorities, and the finance ministry from 2015-2018. Data were analyzed using theme analysis of an overview of the development of fin-tech in Indonesia over the past four years, and the benefits of fin-tech in improving financial inclusion in Indonesia. The results of data analysis show that, first, the development of fin-tech in Indonesia has exceeded the needs of fin-tech itself. Secondly, the development of fin-tech has been able to increase the financial inclusion of the community even though it is only very small at 0.8%.

Keywords

Financial Technology Financial Inclusion Financial Literacy

Article Details

License

Copyright (c) 2020 Basrowi Basrowi

Creative Commons License

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Authors who publish with this journal agree to the following terms:

  1. Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
  2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
  3. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).
How to Cite
Basrowi, B. (2019). Strategies to Increase Financial Inclusion through Financial Technology. Journal of Islamic Economics Lariba, 5(1), 81–96. https://doi.org/10.20885/jielariba.vol5.iss1.art5
Download Citation
Endnote/Zotero/Mendeley (RIS)
BibTeX
Crossref
Scopus
Google Scholar
Europe PMC

References

  1. Abyan, M. A. (2018). Konsep Penggunaan Financial Technology dalam Membantu Masyarakat Sub Urban di Indonesia dalam Melakukan Transaksi Finansial, (April), 1–6. https://doi.org/10.13140/RG.2.2.36402.30404

  2. Anggota-Dewan-Gubernur-BI. (2018). Disruptive Technology : The Phenomenon of FinTech towards Conventional Banking in Indonesia. https://doi.org/10.1088/1757-899X/407/1/012104

  3. Bapenas, 2018. Jumlah penduduk di Indonesia. Online: https://www.bappenas.go.id/files/5413/9148/4109/Proyeksi_Penduduk_Indonesia_2010-2035.pdfaccessed April 6, 2019

  4. Bank-Indonesia. (2019). Daftar Penyelenggara Uang Elektronik yang Telah Memperoleh Izin dari Bank Indonesia Per 21 Januari 2019, (11), 21. Retrieved from Gelombang Perkembangan Fintech

  5. Bank Indonesia. 2014. Booklet Keuangan Inklusif. Jakarta (ID): Bank Indonesia.

  6. Basrowi, et.al. 2019. Fintech development in indonesia: Distrupsion technology and risk analysis phenomenon. Penang Invention, Innovation And Research Design 2019 (PIID 2019) 

  7. Chrismastianto, I. A. W. (2017). Analisis SWOT Implementasi Tekonologi Finansial terhadap Kualitas Layanan Perbankan di Indonesia. Jurnal Ekonomi Dan Bisnis, 20(1), 137. https://doi.org/10.24914/jeb.v20i1.641

  8. Clusters, C. (2016). FINANCIAL. Retrieved from https://www.austrade.gov.au/.../US-Fintech-Clusters.pdf.aspx

  9. Diretorat-Pengaturan-perizinan-dan-Pengawasan-OJK. (2018). Perusahaan Fintech Lending Berizin dan Terdaftar di OJK.

  10. Finansialku-com. (2018). Pengertian Fintech, 1–18. Retrieved from https://www.finansialku.com/definisi-fintech-adalah/

  11. Galvin, J., Han, F., Hynes, S., Qu, J., Rajgopal, K., & Shek, A. (2018). Synergy and disruption: Ten trends shaping fintech, (December). Retrieved from https://www.mckinsey.com/~/media/McKinsey/Industries/Financial Services/Our Insights/Synergy and disruption Ten trends shaping fintech/Synergy-and-disruption-Ten-trends-shaping-fintech.ashx

  12. Ghazali, Imam. 2017. Struktur Equation Modeling. Semarang: Program Doktor Ilmu Ekonomi Universitas Diponegoro 

  13. He, D., Leckow, R., Haksar, V., Mancini-Griffoli, T., Jenkinson, N., Kashima, M., Karunaratne, S. (2017). Fintech and Financial Services: Initial Considerations Monetary and Capital Markets, Legal, and Strategy and Policy Review Departments Fintech and Financial Services: Initial Considerations Authorized for distribution by. Retrieved from https://www.imf.org/~/media/Files/.../SDN/.../sdn1705.ashx%0A

  14. Kolesova, & Girzheva, &. (2018). Impact of Financial Technologies on the Banking Sector. KnE Social Sciences, 3(2), 215. https://doi.org/10.18502/kss.v3i2.1545

  15. Lembaga penjamin simpanan. 2019. Distribusi Simpanan Bank Umum. Online: https://www.lps.go.id/documents/10157/197446/Distribusi+Simpanan+Bank+Umum+periode+Februari+2019.pdf/0dfc935e-5697-41bc-bc9c-3e346c09add3   accessed April 6, 2019

  16. Leong, C., Tan, B., Xiao, X., Tan, F. T. C., & Sun, Y. (2017). Nurturing a FinTech ecosystem: The case of a youth microloan startup in China. International Journal of Information Management, 37(2), 92–97. https://doi.org/10.1016/j.ijinfomgt.2016.11.006

  17. Micu, A. (2016). FINTECH AND ITS IMPLEMENTATION ON THE ROMANIAN NON-BANKING, IV(2), 379–384. Retrieved from seaopenresearch.eu/Journals/articles/SPAS_11_30.pdf

  18. Muchlis, R. (2018). Analisis SWOT Financial Technology (Fintech) Pembiayaan Perbankan Syariah Di Indonesia (Studi Kasus 4 Bank Syariah Di Kota Medan). AT-TAWASSUTH: Jurnal Ekonomi Syariah, 1(1), 335–357.

  19. Muzdalifa, I., Rahma, I. A., & Novalia, B. G. (2018). FinTech’s Role in Enhancing Inclusive Finance in UMKM in Indonesia (Sharia Financial Approach). Masharif Al-Syariah: Jurnal Ekonomi Dan Perbankan Syariah, 3(1). Retrieved from https://www.researchgate.net/publication/324386435

  20. Odelius, A., Traynor, M., Mehigan, S., Wasike, M., & Caldwell, C. (2017). Implementing and assessing the value of nursing preceptorship. Nursing Management, 23(9), 35–37. https://doi.org/10.7748/nm.2017.e1547

  21. OJK. (2016). Tren fintech dan perbankan, (November). Retrieved from http://nofieiman.com/wp-content/images/tren-fintech-dan-perbankan.pdf

  22. OJK. (2018). IKHTISAR DATA KEUANGAN FINTECH (Peer To Peer Lending) PERIODE OKTOBER 2018, 2018. Retrieved from https://www.ojk.go.id/id/kanal/iknb/data-dan-statistik/fintech/Pages/Ikhtisar-Data-Keuangan-Fintech-(Peer-To-Peer-Lending)-Periode-Oktober-2018.aspx

  23. Otoritas Jasa Keuangan. 2016. Survei Nasional Literasi dan Keuangan Inklusi Keuangan 2016. Jakarta (ID) : OJK. ntang Penyelenggaraan Pemrosesan Transaksi Pembayaran. Jakarta (ID): Bank Indonesia.

  24. Ozili. (2018). Impact of digital finance on financial inclusion and stability. Borsa Istanbul Review, 18(4), 329–340. https://doi.org/10.1016/j.bir.2017.12.003

  25. Sekaran, U. & R. B. (2016). Research Methods for Business: a skill-building approach (Seventh ed). Chichester, West Sussex, United Kingdom: Wiley Online Library/John Wiley & Sons. Retrieved from www://wileypluslearningspace.com

  26. Xu L, Bilal Z. 2012. Financial literacy around the world – an overview of the evidence with practical suggestions for the way forward. The World Bank: Finance and Private Sector Development. Policy Research Working Paper. 6107: 1-58.