The Disruptive Implications of Fintech-Policy Themes for Financial Regulators

Chiu, Iris H‐Y

doi:10.2139/ssrn.2812667

Cited by 12 publications

(5 citation statements)

References 26 publications

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“…Disruption in the financial industry occurs starting from its industrial structure, intermediation technology to its marketing model to consumers. The impact of the disruption in the financial services sector gave rise to new financial services known as financial technology (Chiu, 2017).…”

Section: Literature Review Banking Disruptive Innovationmentioning

confidence: 99%

The Role of the Indonesian Government in the Era of Banking Disruption Innovation

Kurniati

Suryanto

2022

JEECAR

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Digital disruption innovation in the financial services industry is an innovation that has succeeded in changing the financial industry landscape, starting from its structure, technology, and marketing model. The emergence of the Financial Technology (Fintech) industry marks a disruptive innovation in the financial services industry. This study aims to analyze the role of the Indonesian government in the era of banking disruption. The research method used was descriptive analysis with a qualitative approach—data obtained through interviews and literature study, Bank Indonesia, the Indonesian Fintech Association, and the National Bank Association. Before the research started, the validity of the data was first tested. The results of the study state that the government encourages banking and fintech to grow side by side and is directed to collaborate immediately. The role of the government as a regulator has been performed by the Indonesian Financial Services Authority (OJK) and Bank Indonesia (BI, Central Bank of Indonesia) by issuing various regulations. The study concluded that there are three areas that regulators need to monitor and guard, including misuse of public funds, protection of the public, private data, and money laundering.

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Section: Literature Review Banking Disruptive Innovationmentioning

confidence: 99%

The Role of the Indonesian Government in the Era of Banking Disruption Innovation

Kurniati

Suryanto

2022

JEECAR

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“…O intuito dessa escolha foi a de selecionar bancos com credibilidade e também a expectativa das contas oferecerem bons benefícios, tais como, a possibilidade de se tornar um investidor de títulos públicos. Embora as contas digitais possam ser disruptivas -tanto para bancos quanto para reguladores -as mudanças tecnológicas podem resultar em mais riscos, como ataques cibernéticos e lavagem de dinheiro (Nuyens, 2019 Este artigo foi elaborado de maneira que a estrutura de valor percebido, identificada a partir dos benefícios das contas bancárias digitais, fosse associada a diferentes perspectivas baseadas no TAM (1996). Os dados foram coletados por meio das redes sociais oficiais dos bancos selecionados.…”

Section: Métodounclassified

“…Dessa forma, nota-se que as inovações do mercado estão criando um ecossistema no qual as empresas interagem e competem. Por outro lado, reguladores e supervisores adaptam seu método de fiscalização levando a melhores serviços, maior valor agregado para a sociedade e garantindo condições equitativas (Nuyens, 2019).…”

Section: Introductionunclassified

Percepção de Valor em Contas Bancárias Digitas: Um Estudo Baseado no Modelo de Aceitação de Tecnologias

Dias

Costa

2020

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Diversos bancos oferecem aos usuários a possibilidade de acessar e realizar transações pela internet. Porém, as contas digitais não são apenas serviços de “internet/mobile banking”, são contas em que não há interação do consumidor com um funcionário em uma agência física. Na última década, a inovação digital tem-se destacado, observado pelo surgimento de novas tecnologias, plataformas e infraestruturas, com amplas implicações organizacionais e políticas. O objetivo deste artigo foi avaliar como os benefícios das contas bancárias digitais se enquadram no modelo de aceitação de tecnologias, proposto por Venkatesh e Davis (1996), considerando a estrutura de valor dos bancos selecionados. Trata-se de um estudo qualitativo e exploratório, apoiado pela metodologia de estudo de caso, com dados primários coletados de maneira virtual, a partir de uma amostra composta por correntistas dos bancos selecionados. Os resultados demonstraram que a isenção de taxas bancárias, comodidade e facilidade para movimentação de conta são os principais atributos valorizados em uma conta digital. Ademais, embora o modelo de aceitação de tecnologias não tenha sido testado estatisticamente, o estudo evidenciou que é eficaz para pesquisas bancárias, sendo confirmada a aceitação da tecnologia de bancos digitais por meio dos resultados referentes a utilidade e facilidade de uso percebido.

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“…Without strict control efforts in the form of regulation, supervision, investigation and prosecution from elements of the state, this can lead to danger that is getting worse and more uncontrollable. (Chiu, 2016). The lack of information, including an early warning system for any possible dangers that can be experienced by the public in using financial services, is one of the things that has the potential to cause consumers to lose money.…”

Section: Introductionmentioning

confidence: 99%

Transformation Financial Services Authority in the Digitalization Era

Ibrahim

Yunia

2022

JABTER

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Research aim for analyze policies and regulations and Steps _ develop Financial Services Industry , strengthening institutional Financial Services Authority , the role of OJK as part from Committee Stability System Finance . Method research used in research _ is method descriptive . Researcher analyze based on source reference as Regulation Government , Laws and Regulations from Financial Services Authority . Research results consist on Policies and regulations and Steps _ develop Financial Services Industry has regulated by law Number 21 of 2011 which can be applied with a number of stage , that is Step preparation , implementation and evaluation . Strengthening institutional Financial Services Authority performed on various aspect , that is aspect services , resources people and budget institution . OJK's role as part from Committee Stability System Finance done with guard stability system finance could done with response and synergy policy .

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The Disruptive Implications of Fintech-Policy Themes for Financial Regulators

Cited by 12 publications

References 26 publications

The Role of the Indonesian Government in the Era of Banking Disruption Innovation

The Role of the Indonesian Government in the Era of Banking Disruption Innovation

Percepção de Valor em Contas Bancárias Digitas: Um Estudo Baseado no Modelo de Aceitação de Tecnologias

Transformation Financial Services Authority in the Digitalization Era

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