Islamic Financial Technology (FinTech) applications in Indonesia

Rafiki, Ahmad; Nasution, Atiqoh

doi:10.4324/9781003171638-7

Cited by 3 publications

(3 citation statements)

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“…Issues related to the security of digitalization of finance, as well as fintech as a means of facilitating 'usury transactions' to reach new customers, need to be an important concern going forward. Several Sharia fintech phenomena in Indonesia can be seen further in the studies of Muryanto et al, (2022), Rusydiana (2018), also Rafiki & Nasution (2021).…”

Section: Twitter Sentimentmentioning

confidence: 67%

Twitter Public Sentiment on Fintech by Using Drone Emprit

Muhammad Zulva Zeta Zaidan,

Muhammad Mujtahid,

Aam Slamet Rusydiana

2022

FWM

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Public trust is the main key to the success of a company's product. Businesses can find out how much their products are trusted by the community through reviews as well as various public opinions that are poured on social media. This research aims to map the sentiments of people in the world towards Fintech recorded on social media platforms Twitter. The results of this study are that people show negative sentiment towards fintech. as much as 9,324 mentions negative twitter users and as many as 2,708 mentions positive towards fintech. The fintech industry especially in Indonesia, in this case, needs to respond well to things that are weaknesses so that public trust can be earned.

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Section: Twitter Sentimentmentioning

confidence: 67%

Twitter Public Sentiment on Fintech by Using Drone Emprit

Muhammad Zulva Zeta Zaidan,

Muhammad Mujtahid,

Aam Slamet Rusydiana

2022

FWM

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“…Indonesia, as a Muslim-majority country, has shown positive growth in emerging FinTech innovation. These significant benefits include cost-effectiveness, process-business efficiency, and financial inclusion, according to Rafiki and Nasution (2021). Therefore, the responsibility of a FinTech enterprise is wider than expected.…”

Section: How Enterprises Can Bridge the Gap Between Progressive And T...mentioning

confidence: 99%

Mapping the Sustainable Human-Resource Challenges in Southeast Asia’s FinTech Sector

Kao

2022

JRFM

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The significance of human resources (HRs) has increased with the increasing awareness of sustainability issues and corporate social responsibility. However, the rapidly emerging financial technology (FinTech) sector still presents an HR challenge. Southeast Asia, which accounts for the highest adoption rate of mobile banking, has set new records regarding the number of transactions, as well as funding amount, in recent years. Moreover, borderless financial cooperation, coupled with in-demand tech talents, will rapidly boost the development of the region. Thus, this study explored the new opportunities as well as challenges of a new business model, FinTech, in Southeast Asia’s banking and enterprise sector in the post-COVID-19 era. It also examined how organizations can achieve sustainable development via the interaction of the new operating model with existing ones by developing relevant strategies in the context of the “new normal” working condition. By reviewing the literature on HR management (HRM), we proposed how banking and FinTech companies could supply tech talent with the relevant experience or engage in training projects before recruiting. Additionally, since organizations desire sustainability-minded employees, they offer flexible working arrangements and well-established reward policies that can create remote work performance and retention rates. Being committed to upskilling and reskilling global talent by offering talent mobility opportunities across the organization, as well as by fully embracing the creation of value for cross-cultural talent, companies can support their employees’ long-term career goals and maintain competitive strength. Finally, organizations must focus more on flexible adjustments and cross-domain communication for global talent. Forming strategic alliances with FinTech companies would be an alternative conduit that can ensure that regional laws comply with the local culture and national law, for bias and conflict reduction.

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“…The strategy of classifying Bitcoin as a commodity has also been adopted by the US Commodity Futures Trading Commission (Profit, 2019) . (Rafiki & Nasution, 2021) Many industries, including the financial sector, have been affected by technology and automation. The expansion of the Islamic finance industry has been driven by the use of financial technology (FinTech).…”

Section: Introductionmentioning

confidence: 99%

Cryptocurrency, Tax Imposition and Sharia Finance In Indonesia: A Systematic Literature Review

Ayu¹,

Wati²

2022

devotion

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The purpose of this paper is to review the findings of a review of the academic literature on Islamic financial technology that has been carried out in the field of Islamic financial technology. The aspects studied in Islamic Finance Fintech with cryptocurrency regulations, compliance and tax policy laws and finally identify other influences such as opportunities and Islamic financial technology that Islamic financial institutions can learn from global fintechs around the world. This study collected 150 journals. Based on the inclusion and exclusion criteria, 79 research papers and publications were used in this systematic literature review. This paper offers a thorough analysis of the study. This study classifies Islamic Financial Technology with regulation/compliance in Islamic law and taxation. Throughout our review, we also found barriers to cryptocurrencies in Islamic law and found several countries have tax policies for cryptocurrencies. This study will greatly advance the understanding of Islamic FinTech among academics, companies, regulators, investors, and other FinTech users. The results of this study are expected to be useful in understanding Fintech (cryptocurrency-based technology) from the point of view of sharia and taxation rules in Indonesia

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Islamic Financial Technology (FinTech) applications in Indonesia

Cited by 3 publications

References 0 publications

Twitter Public Sentiment on Fintech by Using Drone Emprit

Twitter Public Sentiment on Fintech by Using Drone Emprit

Mapping the Sustainable Human-Resource Challenges in Southeast Asia’s FinTech Sector

Cryptocurrency, Tax Imposition and Sharia Finance In Indonesia: A Systematic Literature Review

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