FinTech as The Emerging Technologies in Banking Industry: Past, Present, and Future

Fangky Antoneus Sorongan, Mercurius Broto Legowo, Steph Subanidja

Abstract


In the last decade, it stated that the discourse and the role of Financial Technology (FinTech) as the emerging technology in the financial and banking industry attracted the attention of researchers, practitioners, regulators, and policymakers. Referring to the evolution of FinTech to date, FinTech influences business activities in the banking industry from the past, present, and future. In Indonesia, the opportunities and challenges for the emergence of financial technology in the banking industry are enormous. Therefore, analytical studies related to fintech in the banking industry in the past, present, and future are necessary. Based on these facts, this study aims to present a descriptive analysis of the emergence of FinTech which has had an impact on the banking industry in the past, present, and future, particularly in Indonesia, as a case study. This study uses a descriptive analysis research method and using qualitative method approaches. This descriptive analysis is carried out by critically analyzing various relevant scientific journals, the facts of the FinTech phenomenon in Indonesia, and documentation papers from banking institutions. This results analysis reveals what happened to FinTech as the emerging technology in the past, present, and future in the Banking Industry. The expected contribution of this study provides answers to opportunities and challenges related to FinTech and the banking industry in the past, present, and future in more depth.

Keywords


Banking Industry, FinTech, Future, Pas, Present

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References


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DOI: http://dx.doi.org/10.52155/ijpsat.v28.2.3550

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