scholarly journals Juridical Reviews on Branchless Banking Toward the Potential of Fraud Due to the Using of Agent

2018 ◽  
Vol 1 (1) ◽  
pp. 53-68
Author(s):  
Winarsih Winarsih
Keyword(s):  
Rural Communities ◽  
Rural Areas ◽  
Financial Services ◽  
Small Businesses ◽  
Banking System ◽  
Third Party ◽  
Economic Community ◽  
Economic Activities ◽  
Asean Economic Community

Branchless banking is a new system which is implemented by banks in Indonesiawith aims to provide services to rural communities in order to access bankingservices such as lending or deposit money in the bank through an intermediaryagent. At first the rural communities are hard to obtain banking facilities such asmicro-credit whereas economic activities are largely actuated by lower-classsector therefore the Financial Services Authority or Otoritas Jasa Keuangan (OJK)issued the regulation number. 19/POJK.03/2014 about the financial serviceswithout office in the framework of financial inclusion on November 18, 2014 toface it. In this regulation, there are several things that need to be reviewed suchassessment accountability arrangements of agent as a third party who is notclearly regulated whereas according to some research there are some risk in themechanism of implementation like as potential of fraud due to the using of agentin this system. Though basically branchless banking is one of the strategicnational strategies to provide financing to small businesses in rural areas in orderto increase the competitiveness of products to compete in the ASEAN economiccommunity. Therefore, a legal instrument that can ensure and provide legalcertainty in branchless banking system is a very important thing, more overbranchless banking is the strategic of government to develop the quality of therural economy to face the ASEAN economic community.

scholarly journals BumDes Pay sebagai Katalisator Ketahanan Ekonomi Desa

2019 ◽  
Vol 2 ◽  
pp. 865
Author(s):  
Ahmad Ghifary Rizalun Nafis ◽  
M. Millaturrofi’ah
Keyword(s):  
Rural Communities ◽  
Human Resources ◽  
Natural Resource ◽  
National Economy ◽  
Rural Areas ◽  
Financial Services ◽  
Financial Service ◽  
Economic Independence ◽  
Significant Development

Parameters of National Independence may be observed from economic independence and quality of the available resource, both human resource and natural resource. Indonesia has an advantage both in a demographic and natural resource that varies widely in various rural areas.  Therefore, it is fitting for Indonesia to position the rural as a great power that will contribute to the resilience of the national economy. In line with this principle, the development of rural independence is manifested in a legal codification specifically discussing rural which give output in form of rural Funds and Badan Usaha Milik Desa (BUMDes). The implementation of strengthening rural independence through BUMDes which has been going on for 3 years shows a less significant development by various causes. From the quality of the management of human resources to the business fields that are considered to require new innovations. Welcoming the era of Indonesia 4.0 BUMDes Pay that presented as a village-owned business which is engaged in finance or capital in the form of digital financial service and office-free financial services (Laku Pandai). This service is carried out to become a means of assisting the empowerment of rural communities to strengthen productivity in order to sustain the national economy. This research is carried out to become a means of assisting the empowerment of rural communities to strengthen productivity in order to sustain the national economy.

PERUBAHAN MINDSET MENGAJAR DALAM MENYIAPKAN PENDIDIK YANG PROFESIONAL DALAM PERSAINGAN DI ERA MEA

KEBERLANJUTAN ◽  
2018 ◽  
Vol 3 (2) ◽  
pp. 897
Author(s):  
ROMENAH ROMENAH
Keyword(s):  
Economic Community ◽  
National Education ◽  
Professional Educators ◽  
Free Competition ◽  
National Education System ◽  
Asean Countries ◽  
Asean Economic Community ◽  
The Times ◽  
Agent Of Change

AbstractThe National Education System has grown so rapidly over time. A variety of efforts have been made to build every prosperous, dignified Indonesian human being, so that the quality of Indonesian thinking is progressing. The ASEAN Economic Community which has been launched since 2015 has resulted in free competition, both in trade, employment, and there is free competition for educators in ASEAN countries. Besides that, Indonesian education is faced with challenges and developments in the times, where the culture between ASEAN countries has no limits, this is the challenge faced when implementing the Asean Economic Comunity (ASEAN Economic Community) MEA. Indonesia as a country in the ASEAN region must prepare domestic educators to have professionalism and character so that they can compete with the AEC. Educators must be aware of the essence of the existence of their profession, continue to struggle to make changes in order to realize professionalism with noble character. Efforts made in preparing professional educators to face the challenges of the AEC must touch the most fundamental aspects of changing their competencies, namely the mindset. A student must be more advanced and innovative in developing his learning so that he can change the mindset of students to do agent of change. Through this mindset educators will become professional and characterized so that they can compete and compete in the MEA era. Keywords: MEA, Changes in Mindset, Professional Educators

scholarly journals The value of in-person banking: evidence from U.S. small businesses

2021 ◽  
Author(s):  
Song Zhang ◽  
Liang Han ◽  
Konstantinos Kallias ◽  
Antonios Kallias
Keyword(s):  
Interest Rates ◽  
Interpersonal Communication ◽  
Rural Areas ◽  
Financial Services ◽  
Small Businesses ◽  
Business Owners ◽  
Soft Information ◽  
Face To Face ◽  
Treatment Effect Models ◽  
The U.S

AbstractWe produce the first systematic study of the determinants and implications of in-person banking. Using survey data from the U.S., we show that firms which are informationally opaque or operate in rural areas are liable to contact their primary bank in-person. This tendency extends to older, less educated, and female business owners. We find that a relationship based on face-to-face communication, on average, lasts 17.88 months longer, spans a wider range of financial services, and is more likely to be exclusive. The associated loans mature 3.37 months later and bear interest rates which are 11 basis points lower. For good quality firms, in-person communication also relates to less discouraged borrowing. These results are robust to multiple approaches for endogeneity, including recursive bivariate probits, treatment effect models, and instrumental variables regressions. Overall, our findings offer empirical grounding to soft information theory and a note of caution to banks against suppressing channels of interpersonal communication.

scholarly journals Development possibilities of rural tourism activities in the Almaj Valley area, Caras-Severin County

2018 ◽  
Vol 6 (1-2) ◽  
pp. 118-124
Author(s):  
Tabita Cornelia Adamov ◽  
Tiberiu Iancu ◽  
Luminița Pîrvulescu ◽  
Ioan Brad ◽  
Gabriela Popescu ◽  
...  
Keyword(s):  
Rural Communities ◽  
Rural Areas ◽  
Rural Tourism ◽  
The South ◽  
Tourist Infrastructure ◽  
Tourism Potential ◽  
Favorable Conditions ◽  
Cultural Monuments ◽  
Valley Area

Rural tourism and agrotourism have an extremely important contribution in rural area’s development, not only in financial terms but also in terms of increasing and improving the quality of life of residents from these areas. So, the development of these forms of tourism is required in the rural area, both economically and socially. Known as an important ethnographic area of the country, with traditional elements specific, Almaj Valley through natural and cultural potential available, it stands more and more lately by intensifying rural tourist and ecotourist activity. However, tourist infrastructure is very underdeveloped, to rural communities returning the mission to get more involved in this purpose, having in view, the national and international recognition of the high tourism potential of this area Romanian area still retains, quite well, the traditional, cultural, ethnographic and folklore valences specific to rural areas, providing favorable conditions for development of rural tourism and agrotourism. Romanian villages have a rich tourist potential, having diversified tourist resources: traditions, customs and folk values, cultural monuments, historical and art and an unpolluted natural environment with a rich natural tourism potential. Almajului Depression known as well as the Almaj Country, Almajului Valley or Bozovici Depression is situated in the South-East side of Banat Mountains, in the south of Caras-Severin county, near the Parallel 45°, being an intramountainous depression, of ellipsoidal form of NE-SW orientation, belonging to Nera basin.

Growth and Development of Small Business Through Microfinance Activities in Nepal

2020 ◽  
Vol 1 (1) ◽  
pp. 26-34
Author(s):  
Chandra Prasad Dhakal
Keyword(s):  
Small Business ◽  
Financial Services ◽  
Small Businesses ◽  
Growth And Development ◽  
Linear Regression Analysis ◽  
Multiple Linear Regression Analysis ◽  
Business Owners ◽  
Small Business Owners ◽  
Microfinance Institutions ◽  
Economic Activities

Small businesses play important role for economic development and stability. It develops access in financial services through enhancing economic activities. The study analyzes the growth and development of small businesses that enhance through the support of micro finance in Nepal. Descriptive and inferential were used to collected data and collected data were analyzed through using multiple linear regression analysis. Only 124 small business owners were selected for this study. The study helps to find out the growth of microfinance institutions (MFIs) and small businesses in emerging economy in Nepal. It also assists MFIs to assess the effectiveness of their services and help to efficient utilization of available resources in the economy of Nepal.

Part IV Regulatory and Other Developments in the UK 2010‒2016, 14 Financial Services (Banking Reform) Act 2013

2018 ◽  
Author(s):  
Mccormick Roger ◽  
Stears Chris
Keyword(s):  
Financial Services ◽  
Small Businesses ◽  
Banking Sector ◽  
Banking Industry ◽  
Banking System ◽  
Structural Reform ◽  
Professional Standards ◽  
Banking Reform ◽  
The Uk ◽  
Independent Commission

This chapter charts the passage of the Financial Services (Banking Reform) Act 2013. The Banking Reform Act was enacted in December 2013 and comprises of 8 parts and 10 schedules. The Act was intended to deliver on the government’s plan to create a more robust, better regulated and managed banking system, that supports the economy, customers and small businesses. The Banking Reform Act implemented the recommendations of the Independent Commission on Banking (on banking-sector structural reform) and the key recommendations of the Parliamentary Commission on Banking Standards (on behaviour, culture, and professional standards within the banking industry). The Act amended the FSMA, the Insolvency Act 1986, and the Banking Act 2009. It also provided the legislative platform for an enhanced accountability regime within financial services.

scholarly journals Determinants of Residents’ Support for Sustainable Tourism Development: Implications for Rural Communities

2020 ◽  
Vol 12 (22) ◽  
pp. 9438 ◽  
Author(s):  
Dunja Demirović Bajrami ◽  
Adriana Radosavac ◽  
Marija Cimbaljević ◽  
Tatiana N. Tretiakova ◽  
Yulia A. Syromiatnikova
Keyword(s):  
Rural Communities ◽  
Rural Areas ◽  
Local Community ◽  
Sustainable Tourism ◽  
Tourism Development ◽  
Tourism Industry ◽  
Sustainable Tourism Development ◽  
Perceived Quality Of Life ◽  
The Republic

One of the key factors for success of sustainable tourism industry in all areas, including rural, is the support of community members. The paper aims to analyze how rural residents’ perceptions of sustainable tourism development (expressed through economic, social, environmental, and physical benefits) can affect residents’ intentions to support tourism. The second aim was to determine if attachment to the particular community and perceived quality of life can have influence on attitudes towards sustainable development of tourism in rural communities. Using a sample of 881 residents living in rural areas of the Republic of Serbia, the results highlighted that perceived values of tourism were important for evaluating how tourism is developed, if it is sustainable for a community, and how it affects quality of residents’ life. The study provided better understanding of factors that can have impact on residents’ attitudes in relation to tourism and highlighted the importance of paying attention to local community as significant player for tourism development, especially in those regions that want to boost its economy by developing sustainable tourism.

Missed financial target will hurt ASEAN unification

2016 ◽  
Keyword(s):  
Financial Services ◽  
Action Plan ◽  
National Development ◽  
Economic Community ◽  
Content Type ◽  
Demand For Insurance ◽  
Insurance Cover ◽  
Slow Progress ◽  
Asean Economic Community ◽  
Trade Deals

Subject Outlook for the ASEAN Economic Community. Significance Just four months in, ASEAN Economic Community (AEC) integration is proving difficult. Recognising the slow progress, ASEAN ministers meeting in Vientiane earlier this month agreed on a delayed 2025 timetable for integrating financial services. The action plan aims to free more funding for national development by liberalising equity, bond and insurance markets and allowing banks to operate on a regional basis, but it has had only cautious backing. Impacts ASEAN integration will increase regional demand for insurance cover. Resolving ASEAN's development gaps needs investment in infrastructure, education and administration systems. Non-tariff barriers and external preferential trade deals will challenge the AEC's coherence for the foreseeable future.

Essential multiple functions of farms in rural communities and landscapes

2010 ◽  
Vol 26 (2) ◽  
pp. 137-148 ◽  
Author(s):  
Rebecka Milestad ◽  
Johan Ahnström ◽  
Johanna Björklund
Keyword(s):  
Rural Communities ◽  
Community Development ◽  
Rural Community ◽  
Rural Areas ◽  
Human Services ◽  
Economic Benefits ◽  
Local Processing ◽  
Job Opportunities ◽  
Action Groups

AbstractAs farms are consolidated into larger operations and small farms close down for economic reasons, rural areas lose ecological, social and economic functions related to farming. Biodiversity and scenic, open-vista landscapes are lost as fields are left unmanaged. Social and economic benefits such as local job opportunities and meeting places disappear. Four Swedish rural communities were examined to increase our understanding of the functions that a diverse agriculture provides and which of these are lost as farms cease operation and overall rural social capital is depleted. Workshops and interviews with village action groups and with farmers were carried out. Both groups identified key functions from farming that are important to the rural community, such as production of food and fiber, businesses and jobs, human services, local security, ecosystem services such as nutrient cycling and biodiversity, and functions pertaining to quality of life. Several ways in which village action groups can support agriculture were identified that current industrial agriculture and even agri-environmental schemes fail to achieve. These include organizing local meeting places, encouraging local processing and consumption and supporting farmers in their work. We conclude that agriculture and village action groups match well in community development and that policies supporting this match would be useful.

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