Proceedings of the 3rd International Conference on Business and Engineering Management (ICONBEM 2022)

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Strategies to Choose Financial Technology for Households

Authors
Ana Mufidah1, *, Nely Supeni2, Wildan Khsbullah1
1Department of Management, Faculty of Economics and Business, Universitas Jember, Jember, Indonesia
2Department of Management, Sekolah Tinggi Ilmu Ekonomi (STIE) Mandala, Jember, Indonesia
*Corresponding author. Email: mufidah.fe@unej.ac.id
Corresponding Author
Ana Mufidah
Available Online 31 July 2023.
DOI
10.2991/978-94-6463-216-3_6How to use a DOI?
Keywords
FinTech; peer-to-peer lending; illegal FinTech
Abstract

Financial Technology, commonly known as FinTech is one kind of financial innovations services that are gaining popularity in the digital era. FinTech is an innovation in the financial service industry that utilizes the use of technology, which can facilitate the public to process financial transactions and provide convenience in accessing the financial services offered. FinTech has significantly impacted the economy, especially during the COVID-19 pandemic. For instance, the increasing number of borrowers who receive loans from FinTech. Loan distribution through FinTech is quite broad to reach people who have not been exposed by conventional banks. Unfortunately, the benefits offered by FinTech are also accompanied by the rapid emergence of problems experienced by the community that using FinTech services, especially FinTech funding, i.e. peer-to-peer landing. The problems were caused by a large number of illegal FinTech that appears in public, which is a FinTech that is not registered under the financial services authority (Otoritas Jasa Keuangan/OJK). Thus, the public needs to know what strategies must be taken in choosing the funding FinTech to be used, so that it does not cause losses in the future. This study uses a qualitative descriptive analysis research method. The data collection technique used in this study is the literature review, which includes textbooks, mass media articles, and online literature sources related to this study.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 3rd International Conference on Business and Engineering Management (ICONBEM 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
31 July 2023
ISBN
10.2991/978-94-6463-216-3_6
ISSN
2352-5428
DOI
10.2991/978-94-6463-216-3_6How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Ana Mufidah
AU  - Nely Supeni
AU  - Wildan Khsbullah
PY  - 2023
DA  - 2023/07/31
TI  - Strategies to Choose Financial Technology for Households
BT  - Proceedings of the 3rd International Conference on Business and Engineering Management (ICONBEM 2022)
PB  - Atlantis Press
SP  - 64
EP  - 77
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-216-3_6
DO  - 10.2991/978-94-6463-216-3_6
ID  - Mufidah2023
ER  -