The contribution of financial technology in increasing society’s financial inclusions in the industrial era 4.0

Abstract

Entering the current 4.0 industrial revolution occurred so rapidly technological developments in various sectors of life, including in the financial sector. Technological developments that occurred in the financial sector is slowly changing the financial industry into the digital age. There has been a shift of financial institutions that are now beginning to shift towards technology-based financial institutions. One of the advances in the current financial field adaptation Fintech (Financial Technology). The increasing presence of Fintech expected the Government to boost financial inclusion. Financial inclusion is a person’s ability to accessvarious financial products that are affordable and fit the needs. The purpose of making this article is to describe Contributions Fintech in Improving Public Financial Inclusion in the Industrial Age 4.0. This journal writing using a descriptive approach through the study of literature. In conclusion, the development of digital technology is included in the financial industry, it can’t be stopped development. Through technology financial (fintech), all forms of transactions to be faster, easier, more efficient at the same time, without the need to do face to face, it will make a positive contribution to the improvement of public financial inclusion in the digital era. The affordability of access to finance for the whole society will enhance financial inclusion so that the community can help drive the economy of the State.

Contribution of Digital Banking and Mobile Platforms on Mfis Relationship With the Customers in Rwanda. (Case Study of Goshen Finance PLC Musanze Branch)

“…According to Mardiana et al (2020) studied a survey on the contribution of financial technology in increasing society's financial inclusions in the industrial era 4.0.The government targets financial inclusion to increase by 75% by 2019 and the survey shown that with the increasing number of fintech companies operating in Indonesia, they will increasingly reach communities in the main rural areas far from where financial services are available, because fintech can be accessed online very quickly and easily through each smartphone. Then this will certainly be able to help the achievement of government targets in increasing the financial inclusion of the Indonesian people.…”