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What is Financial Technology (FinTech)

Chapter 9
Handbook of Research on Disruptive Innovation and Digital Transformation in Asia
This is an innovation in the financial services industry that utilizes the use of technology.
Published in Chapter:
Development of Financial Technology With Reference to Peer-to-Peer (P2P) Lending in Indonesia
Tulus T. H. Tambunan (Center for Industry, SME and Business Competition Studies, Indonesia)
Copyright: © 2021 |Pages: 21
DOI: 10.4018/978-1-7998-6477-6.ch009
Abstract
This study aims to explore the growth of financial technology (fintech) and its impact on the ability of small businesses to access funding in Indonesia with reference to peer-to-peer (P2P) lending. It adopted a case study methodology using a semistructured interview and a series of focus group discussions (FGDs) with 10 owners of small businesses and 30 owners or managers of peer-to-peer (P2P) lending companies. Two important findings were (1) the sampled small businesses benefited from P2P lending and (2) banks are the most important investor in P2P lending companies. However, this study has its limitations. First, the sample was too small to generalize to a broader population. Second, there is no national data on credit to small businesses from P2P lending to support the findings of the case. To the authors' knowledge, this is the first study on this topic, specifically in Indonesia. It takes stock of the empirical evidence in the literature through the lens of small business owners.
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Chapter 25
BeUsin: Savings and Investment Platform
FinTech is an abbreviation for Financial Technology which composed of companies using technology to provide financial services through Web/Apps.
Published in Chapter: BeUsin: Savings and Investment Platform; From: Handbook of Research on Innovation and Development of E-Commerce and E-Business in ASEAN
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Chapter 15
Developments on Sustainable Finance: A Growth Opportunity for Global Economy
Financial technology, often shortened to fin-tech, is the technology and innovation created to provide financial services easier, better and faster than traditional financial methods to improve and automate the delivery of and activities in financial services.
Published in Chapter: Developments on Sustainable Finance: A Growth Opportunity for Global Economy; From: Handbook of Research on Creating Sustainable Value in the Global Economy
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Chapter 17
Paradigm Change in Financing Sources: Transition From Traditional Finance to Platform-Based Finance to Ensure Financial Sustainability
They are systems that enable traditional financial transactions to be carried out through technological hardware and software.
Published in Chapter: Paradigm Change in Financing Sources: Transition From Traditional Finance to Platform-Based Finance to Ensure Financial Sustainability; From: Handbook of Research on Global Aspects of Sustainable Finance in Times of Crises
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Chapter 6
Small Business in Indonesia: Application of E-Commerce and the Role of Financial Technology as a Source of Finance
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Chapter 10
What Are the Driving Factors of Purchase Intention of Mutual Funds Through Digital Wallet Platform in Indonesia?
Is used to describe new tech that seeks to improve and automate the delivery and use of financial services. At its core, fintech is utilized to help companies, business owners and consumers better manage their financial operations, processes, and lives by utilizing specialized software and algorithms that are used on computers and, increasingly, smartphones. Fintech, the word, is a combination of “financial technology.”
Published in Chapter: What Are the Driving Factors of Purchase Intention of Mutual Funds Through Digital Wallet Platform in Indonesia?; From: Handbook of Research on Disruptive Innovation and Digital Transformation in Asia
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Chapter 3
Waqf Crowdfunding for Financing the MSMEs: Evidence From ASEAN-3
A software-based business and modern technology that provides financial services. It usually provides us with financial services and solutions to customers such as money transfers, loans, fundraising, asset management and so forth; New technology that seeks to improve and automate the delivery and use of financial services. At its core, fintech is utilized to help companies, business owners and consumers better manage their financial operations, processes, and lives by utilizing specialized software and algorithms that are used on computers and, increasingly, smartphones.
Published in Chapter: Waqf Crowdfunding for Financing the MSMEs: Evidence From ASEAN-3; From: Handbook of Research on Disruptive Innovation and Digital Transformation in Asia
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Chapter 3
Big Data, Green Growth, and Technology Disruption in Asian Companies and Societies: Application of Fintech in Brunei Darussalam – Embracing E-Wallet in the Retail Sector
An advanced technology that offers financial products and services. It means to be faster, safer and more convenience than traditional mode of payment system.
Published in Chapter: Big Data, Green Growth, and Technology Disruption in Asian Companies and Societies: Application of Fintech in Brunei Darussalam – Embracing E-Wallet in the Retail Sector; From: Handbook of Research on Big Data, Green Growth, and Technology Disruption in Asian Companies and Societies
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