Information Technology and Financial Services

1995 ◽  
pp. 151-167
Author(s):  
Robin Fincham ◽  
James Fleck ◽  
Rob Procter ◽  
Harry Scarbrough ◽  
Margaret Tierney ◽  
...  
Keyword(s):  
Information Technology ◽  
Financial Services

Protection of Customers for Management of Digital Banking Services (Study at PT. BRI Unit Boyolali)

2020 ◽  
Vol 3 (2) ◽  
pp. 170
Author(s):  
Herdian Ayu Andreana Beru Tarigan ◽  
Darminto Hartono Paulus
Keyword(s):  
Information Technology ◽  
Financial Services ◽  
Banking Industry ◽  
Service Innovation ◽  
Quality Of Services ◽  
Legal Research ◽  
Banking Services ◽  
Services Sector ◽  
Financial Services Sector

<p>Increasing competition in the Indonesian banking industry has encouraged many banks to improve the quality of services to customers by utilizing information technology developments. Service innovation in the use of information technology encourages banks to enter the era of digital banking services. However, the development of digital banking services also increases the risks faced by banks. The purpose of this study is to provide an overview of the implementation of digital banking services and customer protection for risks from digital banking services. The method used in this study is an empirical legal research method. The results of this study indicate that the implementation of digital banking services is regulated by OJK Regulation No.12/POJK.03/2018. The existence of this OJK Regulation is expected by banks as providers of digital banking services to always prioritize risk management in the use of information technology. In addition, this study also shows the existence of 2 types of customer protection for the use of digital banking services, namely preventive protection in the form of legislation related to customer protection in the financial services sector and repressive protection in the form of bank accountability for complaints from customers using digital banking services.</p>

Cultivating a Community of Practice Between Business and IT

2011 ◽  
pp. 24-35 ◽  
Author(s):  
Valerie A. Martin ◽  
Tally Hatzakis ◽  
Mark Lycett
Keyword(s):  
Information Technology ◽  
Community Of Practice ◽  
Organizational Effectiveness ◽  
Financial Services ◽  
Relationship Management ◽  
Boundary Object ◽  
Working Relationships ◽  
Maturity Model ◽  
Business Function

There is a perceived gap between the Information Technology (IT) and the Business function in many organizations, which can lead to poor working relationships and a loss of organizational effectiveness. In this chapter, we discuss an effort to bridge this gap through a program of Relationship Management (RM). The approach is based on the concept of cultivating a Community of Practice (CoP) and relies on facilitating relationships between people in order to share and leverage knowledge. This chapter describes a case study of a large financial services company and shows how the boundaries between Business and IT were spanned through a Relationship Management Community of Practice (RM CoP). The outcomes of the work are embodied in a maturity model that provides a framework for practice and acts as a ‘boundary object’ enabling the gap to be bridged. The chapter illustrates how cultivating a CoP between Business and IT can be a holistic way to manage the dynamics of knowledge sharing in organizations.

AMG, Inc. & Forsythe Solutions: Lease vs. Buy Decisions

2017 ◽  
pp. 1-8
Author(s):  
Mark Jeffery ◽  
H. Nevin Ekici ◽  
Cassidy Shield ◽  
Mike Conley
Keyword(s):  
Information Technology ◽  
Financial Services ◽  
Investment Decision ◽  
Balance Sheet ◽  
Fortune 500 ◽  
Business Units ◽  
Useful Life ◽  
Correct Application ◽  
Time Frames ◽  
A Company

Examines the lease vs. buy decision for investments in technology. Addresses pivotal investment decision issues such as varying the length of the lease, the useful life of the equipment, and alignment with the company's overall financial strategy. The scenario is for a real financial services firm that has been disguised for confidentiality reasons. Presents an investment decision: should a company buy or lease technology with a relatively short useful life? The new controller at AMG, a Fortune 500 financial services firm, has been tasked with determining how to finance the acquisition of 7,542 new PCs to be rolled out over the next 12 months. This is a $6.7 million investment decision and the rollout schedule adds significant complexity to the solution. The controller must choose between buying or leasing the computers over 24- or 36-month time frames. Provides a framework for analyzing similar investment decisions. The key learning point is that leasing information technology can be cheaper than buying. This is contradictory to a car lease, which may be familiar from everyday experience. A new car has a potentially long useful life and can retain significant value after several years, hence, intuition is that buying should always be cheaper than leasing. Shows that this is not the case for information technology. Teaches the correct application of the mid-quarter convention within MACRS depreciation for technology, and the implications of operating vs. capital leases and off-balance-sheet financing. In the process, introduces the four tests for a capital lease. Finally, shows how creative analysis techniques can be used to simplify complex decisions. These techniques aid in arriving at a conclusion faster and with less effort.To illustrate the fundamentals of lease vs. buy decisions in technology and how they differ from the typical capital equipment lease vs. buy decision. Topics covered include MACRS depreciation and off-balance-sheet financing for a complex leasing scenario staggered in time across multiple business units.

Mobile Computing - An Enabler in International Financial Services

2011 ◽  
pp. 828-838
Author(s):  
N. Raghavendra Rao
Keyword(s):  
Information Technology ◽  
Wireless Communication ◽  
Mobile Computing ◽  
Financial Services ◽  
International Market ◽  
Services Sector ◽  
Financial Services Sector ◽  
Knowledge Based ◽  
Communication Environment ◽  
Information And Communication

Information and telecommunication technologies are the major stimulus for changes in trade and commerce. Recent convergence of the above technologies has become possible due to the rapid advancements made in the respective technology. This convergence is termed as information and communication technology (ICT) and considered as a new discipline. The new discipline has made cross border commerce in the present globalization scenario a reality. This chapter talks about a model for financial services sector in international market under the new discipline. The model explains the creation of knowledge based financial services system incorporating the sophisticated concepts of information technology. Further, it provides an access to the system with devices which can be used under wireless communication environment, across the globe.

scholarly journals Fintech Indonesia User Legal Protection in Balance Borrowing Money Based on Information Technology

2018 ◽  
Vol 54 ◽  
pp. 06003 ◽  
Author(s):  
Sulistyandari
Keyword(s):  
Information Technology ◽  
Law Enforcement ◽  
Service Provider ◽  
Financial Services ◽  
Legal Protection ◽  
Financial Service ◽  
Financial Service Provider ◽  
Settlement Of Disputes ◽  
Settlement Of Dispute

The growth of FinTech companies in Indonesia is very rapid, currently, there are 142 FinTech Companies in Indonesia. The Financial Services Authority (OJK) continues to encourage the development of information technology-based financial service provider company (FinTech). OJK considers that the more number of FinTech companies, the better it would be. It is important to pay attention to legal protection for FinTech Users, because lending and borrowing services-based information technology has the potential to cause harm to FinTech users, besides being done online, the lender and recipient of the loan do not know each other, and there is no collateral in information technology-based lending and borrowing services. This paper discusses the legal protection of FinTech Users in information technology-based lending and borrowing services, and settlement of dispute in the event of a dispute between FinTech Companies and FinTech Indonesia Users. Legal protection for FinTech Users is provided in agreements made between FinTech Indonesia Companies and FinTech Users and law enforcement OJK Regulation No. 77/POJK.01/2016 The settlement of disputes by complaining to the FinTech Company, to the Financial Services Authority (OJK) or claiming through the General Court.

scholarly journals PELUANG DAN CABARAN SISTEM TEKNOLOGI MAKLUMAT ( IT ) KEWANGAN ISLAM DI MALAYSIA (OPPORTUNITIES AND CHALLENGES OF INFORMATION TECHNOLOGY SYSTEM (IT) IN ISLAMIC FINANCE IN MALAYSIA)

2017 ◽  
Vol 4 (1) ◽  
Author(s):  
Nurshuhadak Hehsan ◽  
Hussin Salamon ◽  
Nik Muhamad Firdaus Nik Zainal Abidin
Keyword(s):  
Information Technology ◽  
Financial Services ◽  
Current System ◽  
International Standards ◽  
Islamic Finance ◽  
Market Demand ◽  
Technology System ◽  
Bank System ◽  
Information Technology System ◽  
Technology Systems

Information technology (IT) system or more to the software is a vital key component in Islamic finance. However, it is seen to be left far behind as compared to conventional system. This has been led to constraints as well as differences of opinion the existence of the Islamic financial product. Studies has been conducted to assess the opportunities and challenges that exist in information technology systems for Islamic finance in Malaysia in order to make Malaysia as one of World Islamic Finance real hubs. Hence, the demand for Islamic financial information technology systems increases alongside with the development of Islamic finance products in the market. Moreover the existing vendor of the conventional banking information technology system has modified the existing system to fulfil current market demand. So, a research has been a study is conducted to evaluate existing vendors based on the current system to satisfy Islamic finance market demand. The researcher should assess the disadvantages and the advantages of a system which has been developed by the Islamic finance or conventional vendor. The purpose of the study is to evaluate opportunity and challenge the system which met the demands of Islamic banks in order to make their operating system more efficient to compete with conventional bank system as well. A system is also evaluated based on international standards such as Accounting and Auditing Organization for Islamic Financial Institutions (AAOFI) and Islamic Financial Services Board (IFSB).

scholarly journals Pengawasan Dalam Kerja Sama Bank Umum dan Penyelenggara Layanan Pinjam Meminjam Uang Berbasis Teknologi Informasi

2021 ◽  
Vol 4 (6) ◽  
pp. 2397
Author(s):  
Nabilla Virnanda Lobo
Keyword(s):  
Information Technology ◽  
Financial Services ◽  
Commercial Banks ◽  
Service Providers ◽  
Peer To Peer ◽  
Reciprocal Relationship ◽  
Regulatory Agencies ◽  
Conceptual Approach ◽  
Supervisory Authority ◽  
Peer Lending

AbstractPartnership is a collaboration between one party and another, where each party plays its respective roles in a reciprocal relationship that benefits each party. This research will discuss the characteristics of the forms of cooperation between commercial banks and information technology-based lending and borrowing service providers (fintech peer-to-peer lending) and then discusses the supervision of regulatory agencies on cooperation in the financial sector. This research is a doctrinal research using a statute approach and a conceptual approach to obtain a clearer picture. The result of this research is that credit distribution cooperation is carried out by taking into account the provisions regarding information technology-based lending and borrowing services while retail investment sales cooperation and non-performing loan management cooperation are carried out by taking into account the provisions concerning banks and / or commercial banks as in the cooperation. commercial banks. The supervisory authority lies with the Financial Services Authority. Keywords: Fintech P2PL; Commercial Banks; OJK.AbstrakPartnership adalah kerja sama antara satu pihak dengan pihak lainnya dimana masing-masing pihak menjalankan perannya masing-masing dalam hubungan timbal balik yang memberikan keuntungan kepada masing-masing pihak. Dalam penelitian ini akan dibahas mengenai karakteristik bentuk-bentuk kerja sama antara bank umum dengan penyelenggara layanan pinjam meminjam berbasis teknologi informasi (fintech peer-to-peer lending) kemudian membahas mengenai pengawasan lembaga otoritas terhadap kerja sama dalam sektor keuangan tersebut. Penelitian ini merupakan penelitian doctrinal research dengan menggunakan pendekatan perundang-undangan (statute approach) dan pendekatan konseptual (conceptual approach) untuk memperoleh gambaran yang lebih jelas. Hasil dalam penelitian ini yaitu kerja sama penyaluran kredit dilaksanakan dengan memperhatikan ketentuan mengenai layanan pinjam meminjam uang berbasis teknologi informasi sedangkan kerja sama penjualan investasi ritel dan kerja sama pengelolaan non-performing loan dilaksanakan dengan memperhatikan ketentuan mengenai bank dan/atau bank umum sebagaimana dalam kerja sama bank umum. Adapun kewenangan pengawasan berada di Otoritas Jasa Keuangan.Kata Kunci: Fintech P2PL; Bank Umum; OJK.

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