Open AccessInfluence of Financial Technology on National Financial Institutions
Author(s) -
Herry Purnomo,
S. Khalda
Publication year - 2019
Publication title -
iop conference series. materials science and engineering
Language(s) - English
Resource type - Journals
eISSN - 1757-899X
pISSN - 1757-8981
DOI - 10.1088/1757-899x/662/2/022037
Subject(s) - fintech , business , finance , financial services , the internet , financial innovation , financial sector , indirect finance , financial system , banking industry , financial market , world wide web , computer science
The purpose of this paper is to analyze whether the role of FinTech (Financial Technology) currently has a good or bad effect on national financial institutions (banking). This Study used descriptive methods and gathering information / data via the internet. FinTech was created to implement technology in the financial sector. The results of his research, namely FinTech, could hamper the development of banking, but could also be an opportunity for the banking sector itself. From these results, it was said that banks could be digitized because of the encouragement of FinTech. This is due to FinTech taking a large part of the banking industry’s market share. Of course, FinTech can be a threat as well as an opportunity for national financial institutions.