Proceedings of the 3rd Tarumanagara International Conference on the Applications of Social Sciences and Humanities (TICASH 2021)

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The Impact of the Pandemic on the Development of the Fintech Industry in Indonesia

Authors
Melin Debora Butar Butar1, Septihani Michella Wijaya2, Luh Putu Eka Suciani3, James Cahyadi4, Adeline Cornelia Phelps5, Devid Sumarlie6, Darwin Antariksa7, Bagus Mulyawan6
1Accounting Department, STIE Gentiaras
2Faculty of Economic and Business, Universitas Tarumanagara, Jakarta
3Management Department, STIE Satya Dharma Singaraja
4Faculty of Communication, Universitas Tarumanagara, Jakarta
5Faculty of Medicine, Universitas Tarumanagara, Jakarta
6Faculty of Informatic Engineering, Universitas Tarumanagara, Jakarta
7Faculty of Communication, Nusantara Business Institute
*Corresponding author. Email: septihani.115190048@stu.untar.ac.id
Corresponding Author
Melin Debora Butar Butar
Available Online 21 April 2022.
DOI
10.2991/assehr.k.220404.313How to use a DOI?
Keywords
Pandemic COVID-19; National Economy; Financial Technology (Fintech); Regulation
Abstract

Fintech Indonesia continues to increase during the Covid-19 pandemic. Pandemic Impact The increasingly widespread Covid-19 causes a slowdown in the national economy. Various policies have been carried out by the Indonesian government in dealing with the Covid-19 pandemic, directly have a positive impact but indirectly also have an effect negative, namely, the decline in Indonesia’s economic growth. This research uses qualitative descriptive analysis method, data collection using literature study, namely, books, mass media articles, and related journals. Financial technology (fintech) results from a combination of financial services and technology that ultimately transforms business models from conventional to moderate. Initially, paying must face-to-face and carrying a certain amount of cash can now carry out long-distance transactions. Some of the characteristics of fintech are low-touch economy, customer-based and social capital. The role of fintech is to provide a market for business actors, to become a tool for payments, assisting the more efficient implementation of investments, mitigating risks from the system conventional fees, helping those in need to save, borrowing funds, and equity participation. The results of the discussion, the fintech industry in Indonesia is very potential, environment a solid and adaptive business model brings positive trends for fintech. Conducive regulation is the capital to achieve an ideal balance between growth and governance.

Copyright
© 2022 The Authors. Published by Atlantis Press SARL.
Open Access
This is an open access article distributed under the CC BY-NC 4.0 license.

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Volume Title
Proceedings of the 3rd Tarumanagara International Conference on the Applications of Social Sciences and Humanities (TICASH 2021)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
21 April 2022
ISBN
10.2991/assehr.k.220404.313
ISSN
2352-5398
DOI
10.2991/assehr.k.220404.313How to use a DOI?
Copyright
© 2022 The Authors. Published by Atlantis Press SARL.
Open Access
This is an open access article distributed under the CC BY-NC 4.0 license.

Cite this article

risenwbib
TY  - CONF
AU  - Melin Debora Butar Butar
AU  - Septihani Michella Wijaya
AU  - Luh Putu Eka Suciani
AU  - James Cahyadi
AU  - Adeline Cornelia Phelps
AU  - Devid Sumarlie
AU  - Darwin Antariksa
AU  - Bagus Mulyawan
PY  - 2022
DA  - 2022/04/21
TI  - The Impact of the Pandemic on the Development of the Fintech Industry in Indonesia
BT  - Proceedings of the 3rd Tarumanagara International Conference on the Applications of Social Sciences and Humanities (TICASH 2021)
PB  - Atlantis Press
SP  - 1917
EP  - 1920
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.220404.313
DO  - 10.2991/assehr.k.220404.313
ID  - Butar2022
ER  -