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Journal : Journal Markcount Finance

The Influence of Fintech on Traditional Financial Management Fatticia, Rika; Harjoni, Harjoni; Christiaan, Pemy; Julyarman, Nasrun; Ariyanti, Rini
Journal Markcount Finance Vol. 2 No. 2 (2024)
Publisher : Yayasan Pendidikan Islam Daarut Thufulah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70177/jmf.v2i2.1283

Abstract

For centuries, conventional financial institutions such as banks and cooperatives have played an important role in the economy. However, advances in technology and digitalization have significantly changed the world's financial landscape. Financial Technology (Fintech) has emerged as a disruptive force offering innovative financial solutions, such as automated investment management, peer-to-peer lending, and digital payments. This research aims to discover and analyze the impact of Fintech on conventional financial management. Specifically, this research aims to assess the impact of Fintech on the efficiency and effectiveness of conventional financial services, assess changes in user behavior in managing their finances due to the convenience offered by Fintech, and discover the challenges and opportunities faced by financial institutions. Mixed methods is an approach that combines quantitative and qualitative approaches in this research. Quantitative data is collected through surveys of financial services users to measure their opinions about Fintech services and their impact on personal financial management. The results of this research show that Fintech has changed conventional financial management. From a user perspective, Fintech has increased the ease and efficiency of accessing and managing financial services, and many users say they are more likely to use Fintech apps and platforms for everyday transactions, managing savings and investments. From the side of conventional financial institutions, this research found that Fintech has increased the amount of money they invest. This study found that Fintech is changing conventional financial management in terms of service efficiency and user behavior. While Fintechs offer more convenience and efficiency, they also force traditional financial institutions to adapt and innovate with new technologies.
Co-Authors A. Fatoni Abdul Mugni Agustina Br Surbakti Ahmad Salabi Akib Akib, Akib Al Walid, Kholid Alimuddin Hasbi Ariyanti, Rini Asiah , Nur Asma Karim, Asma Basir @ Ahmad, Aminudin Basnendar Herry Prilosadoso Beverly Thaver Bin Shamshul Arif, Muhamad Tarmizi Bulan Putri, Marjuliansi Christiaan, Pemy Dewi Maharani Erika Nadeak, Tio Eva Yuniarti Utami Faisal Yahya Farlina, Baiq Fina Fatticia, Rika Firmansyah Firmansyah Friska Ledina Situngkir Haruka, Hide Hasan Sastra Negara Hasan Sastra Negara Hasrun, Andi Heppi Syofya, Heppi Husni Husni Mubarrak Hye, A. K. Mahbubul Insani Lintang Mahesa Is Susanto Ismail Ismail Jayawarsa, A.A. Ketut Juliana Putri Julina, Sinta Julyarman, Nasrun Juwaini Juwaini Kafei Kjoor, Amir Muhammed Kamaruzzaman Kamaruzzaman Kamaruzzaman Karfin Landebawo, Akib Latifah Latifah Latifah Latifah Linm, Sofia Lutfi Alhazami Maulana, Nora Mizan Mizan Mochammad Imron Awalludin Moeheriono Muhammad Ridha Muhammad Saleh Mukaromah, Lisa Aminatul Nahan, Noorjaya Niva, Matteson Nola, Sity Lutfia Nunur Nuraeni Nur Asia Nur Asiah Nur Asiah Nur Asiah Nur Asiah Nur Asiah Nur Asyiah Nuraeni, Nunur Nursyidah Nurwijayanti Patoni, Patoni Pramudya Hesti Permadi Putra, Suprio Jaya Rahmawati, Rahmawati Ramlan Razali Razali Razali Razali Razali, Ramadhan Reza Fahmi Reza Fahmi Rina Murinda Robby Habiba Abror Rozali, Ermy Azziaty Ruzaini Abdi, Muhamad Ruzaini Abdi, Muhammad Safira, Cut Siska Saifullah Saifullah Savitri, Asmah Siti Najma Soni Suharmono Sri Winarsih Suharmono, Soni Suraji Suraji Susanto, Is Syahputra, Angga Syamsudin, Achmad Syamsul Rijal Syamsul Rijal Syawal Harianto Tamtowi, Moh Tan, Marcus Taslim H.M. Yasin Thaver, Beverly Tri Widayati Utami, Eva Yuniarti Xavier, Embrechts Yudesta Erfaylian Yudesta Erfayliana yulia Yulia Ningsih Yulia Ningsih Zulhamdi, Zulhamdi