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Journal : Nomico

The Role of Fintech Technology in Improving Financial Inclusion and Financial System Stability Imaningati, Sri; Mayndarto, Eko Cahyo; Huda, Miftakhul; Bakri, Asri Ady
Nomico Vol. 1 No. 11 (2024): Nomico-December
Publisher : PT. Anagata Sembagi Education

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62872/0zh4hm58

Abstract

The development of financial technology (fintech) has had a significant impact on improving financial inclusion and the stability of the global financial system. This study aims to explore the role of fintech technology in promoting people's access to financial services and its contribution to financial system stability. Fintech enables the creation of digital platforms that facilitate services such as electronic payments, peer-to-peer lending, and micro-investments, reaching segments previously neglected by the traditional banking sector. On the other hand, fintech innovations also strengthen supervision and transparency in financial transactions, potentially reducing the risk of financial instability. However, these developments also present challenges, including the need for appropriate regulation to address potential risks such as fraud and personal data management. This research uses a qualitative approach with literature analysis and case studies in several countries that have widely implemented fintech. The results show that fintech has great potential in increasing financial inclusion, but its sustainability and contribution to financial system stability depend on effective regulation and collaboration between the public and private sectors. This research lies in the lack of a thorough study of the regulatory challenges faced by developing countries in implementing fintech to increase financial inclusion without posing a risk of instability. A growing phenomenon is the rapid adoption of fintech in developing countries, yet its impact on financial system stability and associated risks are still not fully understood and adequately addressed
Consumption Patterns in the Digital Age: Changing Consumers Behavior Affects the Global Economy Maleha, Nova Yanti; Umar, St Hafsah; Kotngoran, Wiljan Atfentia; Huda, Miftakhul
Nomico Vol. 1 No. 12 (2025): Nomico-January
Publisher : Pt. Anagata Sembagi Education

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62872/0bhtc013

Abstract

The development of digital technology has brought about significant changes in the consumption patterns of the global community. In the digital era, consumers increasingly rely on e-commerce platforms, social media and app-based services to fulfill their needs. This research aims to explore how changes in consumption patterns in the digital era affect consumer behavior and its impact on the global economy. This research uses a qualitative approach with a case study design and descriptive analysis to analyze the impact of economic digitalization on consumer consumption patterns, as well as the changes that occur in the business sector, especially in developing countries. The research found that digital consumers tend to be more informed, demand personalization, and care more about sustainability issues. E-commerce is a key element that is changing the way consumers interact with the market. In addition, digitalization is driving innovation in global business models, although it poses challenges such as digital inequality and data privacy. The results of this study provide important insights for governments and businesses to design strategies that are inclusive, sustainable and innovative. Policies and technological innovations need to be geared towards supporting changing consumption patterns, mitigating the challenges of digitalization, and capitalizing on global economic opportunities.
Co-Authors 'Azmi, Abidah Ulul Abd Khafidz, Hasanah Abdul Rahim Abdul, Elfis Mus Abdullah Syafei Abduloh, Agus Yosep Adhi Yuniarto Adina Rakhma Safitri Agus Dani Agus Munjirin Mukhotib Lathif Agustina, Fitrianika Ahadiah, Hayyunah Rohmatul Ahmad Suganda Ahmad, Md Yazid Ainiyah, Aylul Fajrinniar Aisah, Nurul Aisyah Novfitri Akbar , Fauzul Akbar Arrosyid, Muhammad Akbar Habibi, Isac Ilham Aldhi, Ian Firstian Aldri Frinaldi Algristian, Hafid Alimudin Zuhri Amin Nur Akhmadi Amin, Nadyah Safirah Amir, Rafiq Arkana Andriana, Marisa Angelica, Dennia Gracia Anisa, Rizka Sakinatun Anjas Rusdiyanto Soleh Ardi Susanto Ardiansah, Prianggara Arfan Haqiqi Sulasmoro Ariani Dwi Andhini Arifin, Sri Sutarni Ariyani, Irma Eka Ashady, Suheflihusnaini Ashraf, Ashraf Aswadi , Aswadi Atang, Atang Auladiyah, Alfia Sa'adul Aulia, Syifa Siti Aurenza Shafa Shabilla Awaliya Safithri Awang Setiawan Wicaksono Ayuningtyas, Devrika Ayupradani, Niken Thalia Azizah, Yesita Nur Bagas Dwi Rizki Handika Putra Bahtiar, Yohan Bakri, Asri Ady Basyori, Imam BAYU KURNIAWAN Binti Yahya, Faridah Hanim Budiyanto, Achmad Farid Cakra Manggala Ganda Chaniroh, St. Lutfi Cholik, Dimas Satria Nur Cindy Reichmann Cindy Reichmann Andriwardhaya Dairoh Dairoh, Dairoh Damayanti, Alvina Dani, Agus Daniella Particulariseta Kindangen Dega Surono Wibowo, Dega Surono Dewi Setyowati Dewi, Cyntia Diana Ika Lestari Dina Ramadhanti Diyan Permata Yanda Dodi Setiawan Doni, Rahmad Dwi Setyaningrum Effendy, Mohammad Yusuf Efita Nurhidayati Elvia Rahmawati Encep Taufik Rahman Endang Fauziati Ending Solehudin Erniati Erniati Faniwati, Faniwati Fauni, Arini Mayang Firmansyah, Mochamad Fitriansyah, Ainul Fuad Fitriyya, Munaaya Guntur Yanuar Astono Gusty, Sri Habibi, Isaz Ilham Akbar Habriyanto Habriyanto Hadiwiyatno, Hadiwiyatno Hafis Abdul Amar Hamidi, A. Luthfi Harahap, Arifuddin Muda Hari Kurnia Safitri Hari Siswoyo Hartanti, Hestik Harun Joko Prayitno Hasanah Abd Khafidz Hasbi Ash Shiddiqi Hayeedama, Habibie Helmy Purwanto Heri Siswanto Hesti Widianti Hibatullah T., Nur Lailatul Hidayat, Moh. Syarif Hidayat, Mohamad Mulky Hidayati, Armawati Hidayatullah, M. Fikri Hisam Ahyani Humam, Mohammad I Nyoman Arcana Ian Firstian Aldhi Ibnu Toto Husodo, Ibnu Toto Idha Rahayuningsih Indrijati, Yustika Indriyani, Desy Intantri, Maya Sofiya Irfin Sandra Asti Irianti, Risda Irwan Pitoro Islami, Putri Nova Nur Ismiyatin, Laela Iswati Iswati, Iswati Ivanda Aprilia Jeni Nur Cahyati Jermia Edwaard Manoe Kalih Trumansyahjaya Kautsari, Diva Akmalita Khafidz, Hasanah Abd KHOIRUL ANAM Khusna Laili Amalia Khusnul Khotimah Kirin, Arwansyah Bin Kotngoran, Wiljan Atfentia Kulsum, Siti Umi Kurniawan, Edo Kurniawati Kurniawati Kusumaningrum, Betty Laili Etika Rahmawati laras nur baeti Lousada, Sérgio António Neves M. Farid Wajdi, M. Farid Mahardhani, Ardhana Januar Main Sufanti Maleha, Nova Yanti Margareta, Stefani Mayndarto, Eko Cahyo Metri Dian Insani Miftahul Jannah Mila Dina Nur Khasanah Mochammad Junus Mohammad Yusuf Effendy Mubarok, Ahsin Fahmi Mubarokah, Rossida Fatma Syahrulina Muchamad Sobri Sungkar Muchamad Sobri Sungkar, Muchamad Sobri Muh Ihsanudin Muhamad Bakhar Muhammad Humam Muhammad Saefullah Muhammad Syaiful Muhammad Yanuar Herdiansyah Muhammad Zidan Ilma Munzil Murgiyanti, Murgiyanti Mustagfirin Mustagfirin Muthali'in, Achmad Muthi'ah Mairo, Putri Mutmainah, Naeli Muttaqin, Didik Zainul Muzakar Isa Muzamil Muzamil Nabila Jayshi Syah Putri Nadia Zakiyyah Naeli Mutmainah Naelul Azmi Namur, Maria Fatima Nanang Mulyana, Nanang Nasrulloh Nasrulloh Naufal Ishartono Neni Mariana Ngibad, Khoirul Niasih, Anggi Nisa Afriliana Nishom, M Niska Shofia, Niska Noviafitri, Kartika Satya Nugroho, Setyo Eko Wahyu Addin NUR CHOLIFAH Nur Diana Nur Diana Nurhidayah, Oktavia Nurul Ilyana Muhd Adnan NURUL KHOTIMAH Oktavia, Henny Nanda Oldri Permata Sari Olfin Ishak Perdana, Ega Surya Pinasti Pinasti Pita, Nora Pramesti, Impala Agus Pramudita, Jeanne Janaloka Pramudita Prasdhana, Aga Prasetiyo, Aditiya Dwi Pratama, Agung Firman Purnomo, Ega Al Anisa Purwaningsih Purwanti, Riska Dewi Putri, Herwina Rahayu Putri, Wiffy Zalina Qirom, Qirom Rahaju, Endah Budi Rahayuana, Niken Arief Rahmah Purwahida Rahmawati, Elvia Rahmawati, Murtini Rahmawati, Naillysa Ramadhani, Fatimah Nurul Ramadhani, Lulu Ramadhina, Amanda Putri Ramadhini, Ananda Putri Rani Nur Aini Rani, Putri Oktafia Retikae, Nadhiya Dwiksan Retno Astri Ardaninggar Reyna Angelia Nauval Rifa, Sabrina Khoir Rifai, Muhamad Rini Wahyu Sayekti Ripin, Muhammad Riswan Eko Wahyu Susanto Riswan Eko Wahyu Susanto, Riswan Eko Wahyu Ritnawaty, Ritnawaty Riyan Fadli Rojikin, Setiyo Rosyada, Alya Nugrahaeni Rozikin, Opik Rumiyanto, Hedonal Sabanis, Yerry Febrian Safira Inayatul Maula Sandi Prasetyaningsih Santoso, Trisno Romo Saputro, Agus Purwo Sartono Sartono, Sartono Septriandi Wirayoga Septriandi Wirayoga Sérgio António Neves Lousada Setiyo Rojikin Shafly, Moch. Syafirul Nur Shapiulayevna, Aliyeva Patimat Shendya Lukyana Yumna Shofiyyatul Hanani Siti Nihar Salsabilah Siti Nur Qomariah Siwi Nur Arifah Siyaningati Sofiyana, Laely Nor Soleh , Anjas Rusdiyanto Sri Imaningati Sri Mulyo Bondan Respati Sri Peni, Arum Sudarso, Simon Andrean Sulasmoro, Arfan Haqiqi Sulistio Rini Sulisyono, Yunus sulkarnain, sulkarnain Sundoro, Muhammad Suyanto, Mohamad Afan Suyono, Joko Syadza, Lailatus Syahdan Askabara Syilvia Amelia Hidayah Tambun, Goklas Taufik Rahman, Encep Taufiq Satria Mukti Tri Santoso Trisakti Handayani Umar, St Hafsah Very Kurnia Bakti, Very Kurnia Vitria Indriyani Setyaningsih Wahyudi, Maulidya Eka Waljinah, Sri Wardah, Ariza Ulatul Wibowo Heru Prasetiyo Wicaksono, Rudy Bagus Wicayanti, Neneng Wijayanti, Olivia Septiana Setyo Wirayoga, Septriandi Wiyono, Elviana Putri Wiyono, Slamet Yaakub, Mohd Syarull Azlan Yakub Nasucha Yakup Parto Yasir Sidiq Yayan Sopyan Yerry Febrian Sabanise, Yerry Febrian Yohan Bahtiar Yunus Sulistyono Zakky Mubarak , Ahmad Zulfikar, Ahdan