scholarly journals The Impact of Covid-19 Pandemic: Challenges and Opportunities of Syariah Financial Technology

2020 ◽  
Vol 8 (1) ◽  
pp. 119-128
Author(s):  
Ramadhani Irma Tripalupi ◽  
Prameshwara Anggahegari
Keyword(s):  
Financial Services ◽  
Economic Activity ◽  
Online Shopping ◽  
Qualitative Approach ◽  
Related Data ◽  
Challenges And Opportunities ◽  
The Impact ◽  
Descriptive Method ◽  
Financial Technology

This paper aims to describe the challenges and opportunities of syariah financial technology (fintech) in Indonesia, due to the impact of covid-19 pandemic. Three things that become the focus of writing, include: syariah fintech; the impact of covid-19 pandemic on fintech; syariah fintech opportunities and challenges. This study uses a qualitative approach and descriptive method with documentation/text studies in the form of related data and literature studies. The conclusion of this research is: the growth of Syariah fintech assets at the end of 2019 increased by 2074.81% from the previous year. Although affected by the pandemic, the growth of fintech during this covid-19 pandemic remained relatively stable. Prominent opportunities and challenges for the Syariah fintech resulting from the impact of covid-19 pandemic, including increased use of fintech through online shopping platforms, payments and loans; accelerated digitalization of financial services; slowed economic activity; arose various risks; and decreased debtor/UMKM performance due to the impact of the pandemic.

scholarly journals Explaining and Predicting Helpfulness & Funniness of Online Reviews on the Steam Platform

2021 ◽  
Vol 29 (6) ◽  
pp. 0-0
Keyword(s):  
Applied Research ◽  
Online Shopping ◽  
Product Information ◽  
Online Reviews ◽  
Online Review ◽  
Gradient Boosting ◽  
Related Data ◽  
Review Helpfulness ◽  
Display Content ◽  
The Impact

Online review is a crucial display content of many online shopping platforms and an essential source of product information for consumers. Low-quality reviews often cause inconvenience to the platform and review readers. This article aims to help Steam, one of the largest digital distribution platforms, predict the review helpfulness and funniness. Via Python, 480,000 game reviews related data for 20 games were captured for analysis. This article analyzed the impact of three categories of influencing factors on the usefulness and funniness of game reviews, which are characteristics of review, reviewer and game. Additionally, by using the Random Forest-based classifier, the usefulness of reviews could be accurately predicted, while for funniness, Gradient Boosting Decision Tree was the better choice. This article applied research on the usefulness of reviews to game products and proposed research on the funniness of reviews.

scholarly journals Financial Technology as Payment Methods in the Digital Era

2021 ◽  
Vol 1 (1) ◽  
pp. 9-16
Author(s):  
I Budiarti ◽  
F Hibatulloh ◽  
M Salman
Keyword(s):  
Technological Innovation ◽  
Financial Services ◽  
Business Models ◽  
Industrial Revolution ◽  
Payment System ◽  
Advantages And Disadvantages ◽  
Payment Methods ◽  
Digital Era ◽  
The Impact ◽  
Financial Technology

FinTech is defined as technological innovation in financial services that can produce business models, applications, processes, or products with material effects related to financial services provision. This study aims to analyze the impact of developing a digital payment system and prevent inflation due to a large amount of cash in circulation. The method used in this study is qualitative. Fintech technology is very beneficial for the community, especially in industrial revolution 4.0, where this digital payment system has advantages and disadvantages. The advantages are efficiency and safety, while the disadvantages are higher interest costs. This digital payment system can minimize inflation due to the large amount of money circulating in society.

Vascular Access Teams: A Global Outlook on Challenges, Benefits, Opportunities, and Future Perspectives

2021 ◽  
Vol 27 (1) ◽  
Author(s):  
Shonda Morrow ◽  
Erica DeBoer ◽  
Christopher Potter ◽  
Smeet Gala ◽  
Kimberly Alsbrooks
Keyword(s):  
Vascular Access ◽  
Data Dissemination ◽  
Cost Savings ◽  
Quantitative Information ◽  
Global Scale ◽  
Advanced Technology ◽  
Related Data ◽  
Challenges And Opportunities ◽  
The Impact ◽  
And Training

Highlights Abstract Background: Specialized vascular access training for medical professionals organized into vascular access teams (VATs) was shown to improve patient outcomes, clinical efficiency, and cost savings. Professional perspectives on VAT benefits, organization, challenges, and opportunities on a global scale remain inadequately explored. Using detailed perspectives, in this study, we explored the global VAT landscape, including challenges faced, clinical and clinico-economic impacts of VATs, with emphasis on underresearched facets of VAT initiation, data dissemination, and metrics or benchmarks for VAT success. Methods: Semistructured in-depth interviews of 14 VAT professionals from 9 countries and 5 continents were used to elicit qualitative and quantitative information. Results: Catheter insertions (100%) and training (86%) were the most performed VAT functions. Based on a 1–7 scale evaluating observed impacts of VATs, patient satisfaction (6.5) and institutional costs (6.2) were ranked the highest. VAT co-initiatives, advanced technology utilization (6.6), and ongoing member training (6.3) distinctly impacted VAT endeavors. Most institutions (64%) did not have routine mechanisms for recording VAT-related data; however, all participants (100%) stated the importance of sharing data to demonstrate VAT impacts. Time constraints (57%) emerged as one of the major deterrents to data collection or dissemination. The majority (64%) experienced an increased demand or workload for VAT services during the COVID-19 pandemic. Conclusions: Despite the global variances in VATs and gaps in VAT-related data, all participants unanimously endorsed the benefits of VAT programs. Evaluating the impact of VATs, disseminating VAT-related data, and forging specialized institutional partnerships for data sharing and training are potential strategies to tackle the hurdles surrounding VAT formation and sustenance.

scholarly journals Follow the Trail: Machine Learning for Fraud Detection in Fintech Applications

Sensors ◽  
2021 ◽  
Vol 21 (5) ◽  
pp. 1594
Author(s):  
Branka Stojanović ◽  
Josip Božić ◽  
Katharina Hofer-Schmitz ◽  
Kai Nahrgang ◽  
Andreas Weber ◽  
...  
Keyword(s):  
Machine Learning ◽  
Financial Services ◽  
Fraud Detection ◽  
Critical Issue ◽  
Global Market ◽  
Detection Methods ◽  
Severe Damage ◽  
The Individual ◽  
The Impact ◽  
Financial Technology

Financial technology, or Fintech, represents an emerging industry on the global market. With online transactions on the rise, the use of IT for automation of financial services is of increasing importance. Fintech enables institutions to deliver services to customers worldwide on a 24/7 basis. Its services are often easy to access and enable customers to perform transactions in real-time. In fact, advantages such as these make Fintech increasingly popular among clients. However, since Fintech transactions are made up of information, ensuring security becomes a critical issue. Vulnerabilities in such systems leave them exposed to fraudulent acts, which cause severe damage to clients and providers alike. For this reason, techniques from the area of Machine Learning (ML) are applied to identify anomalies in Fintech applications. They target suspicious activity in financial datasets and generate models in order to anticipate future frauds. We contribute to this important issue and provide an evaluation on anomaly detection methods for this matter. Experiments were conducted on several fraudulent datasets from real-world and synthetic databases, respectively. The obtained results confirm that ML methods contribute to fraud detection with varying success. Therefore, we discuss the effectiveness of the individual methods with regard to the detection rate. In addition, we provide an analysis on the influence of selected features on their performance. Finally, we discuss the impact of the observed results for the security of Fintech applications in the future.

scholarly journals The Impact of Digital Finance on Economic Development

2021 ◽  
pp. 512-516
Author(s):  
Angrish Kumar Agarwal ◽  
Amit Taneja
Keyword(s):  
Economic Development ◽  
Financial Services ◽  
Mobile Banking ◽  
Financial Decisions ◽  
General Insurance ◽  
High Level ◽  
Zero Sum ◽  
Consultation Services ◽  
The Impact ◽  
Financial Technology

Economic development may be stated as the process of providing disadvantaged groups, such as women and low-earning people, with inexpensive retrieval of financial services and credit when they need it. Retrieval of financial product and services such as bank-accounts, general insurance, remittance and payment services, and financial consultation services etc. are examples of economic development. It allows individuals to prepare for future steadiness; a high-level of bank deposit would provide steady deposit base, as well as chances to save, invest, and obtain credit. Nowadays, there is a focus on economic development in inclusive growth. These are all accomplished using innovative financial technology. Most of the banks have introduced new banking technology in response to the emergence of a new banking client situation known as "Digital finance." As a result, digital finance has given the banking industry a new structure. Digital finance is a special type of financial service that using smart phones, laptops or desktops, and the Internet. It may use online banking / Net Banking or Mobile Banking with the help of digital cards linked to account for secure digital payment. It has the capability to make banking more accessible, convenient, and safe. Customers can easily access their funds, take quick financial decisions, and to send and receive payments. Economic development is a non-zero-sum game that may be accomplished with the help of digital finance.

scholarly journals KEBIJAKAN APLIKASI QLUE DALAM PEMBANGUNAN DAERAH DI PROPINSI DAERAH KHUSUS IBUKOTA JAKARTA (STUDI DESKRIPTIF DI KELURAHAN TENGAH, KECAMATAN KRAMAT JATI, JAKARTA TIMUR)

2018 ◽  
Vol 18 (1) ◽  
pp. 1-20
Author(s):  
Reza Rafiansa ◽  
Tjipto Sumadi ◽  
Mohammad Maiwan
Keyword(s):  
Government Policy ◽  
Research Method ◽  
Qualitative Approach ◽  
Neighborhood Association ◽  
Development Section ◽  
The Government ◽  
The Impact ◽  
The City ◽  
Descriptive Method ◽  
Research Show

This research is encouraged by the rejection of Jakarta Government Policy which requires the Head of Neighborhood Association (RT) and Community Association (RW) to use Qlue Application in helping the government to overcome the City problem. Research method used is descriptive method within qualitative approach. The informants in this research are Heads of RT and RW. Key Informants are Head of Administrative Village, Governmental Peace of Order Section, and Economic Development Section at Kelurahan Tengah. The results of the research show that Application of Qlue Application Policy has been running well. This is seen from the fulfillment of Evaluation Indicators of the effectiveness, efficiency, adequacy and responsiveness. While the Impact of Development is caused by the Report of City Problems that encourages the creation of Regional Development which is seen from the improvement of service, the development, empowerment, and the participation of citizens in following up the Qlue report.

scholarly journals Post-Brexit Britain and the pay culture: challenges and opportunities

2018 ◽  
Vol 69 (2) ◽  
pp. 107-125
Author(s):  
Demetra Arsalidou ◽  
Alison Lui
Keyword(s):  
Executive Compensation ◽  
Digital Technology ◽  
Financial Services ◽  
Public Sentiment ◽  
Financial Services Regulation ◽  
Executive Remuneration ◽  
Challenges And Opportunities ◽  
The Status ◽  
Legal Restrictions ◽  
The Impact

This paper examines the impact of Brexit on financial services regulation in relation to three areas linked to executive remuneration. They are: the bonus cap; the clawback of pay; and the level of disclosure required by shareholders with regard to details of directors’ remuneration. It will be argued that legally Brexit will have little impact on any of the three areas. UK legislation has already incorporated a great deal of EU legislation. The status quo of retaining such legal restrictions seems sensible in light of public sentiment towards unfairness in executive compensation and uncertainty towards the Brexit negotiations. Nevertheless, London faces stiff competition from other major international financial centres in a post-Brexit era. The loss of single passporting rights is also encouraging major banks to invest in other European financial centres. Brexit creates opportunities too. With the integration of digital technology, it is possible to create convenient platforms where investors can access reports on executive remuneration.

scholarly journals PERANAN PROGRAM KOPERASI JASA KEUANGAN SYARIAH BAITUL MAAL WAT TAMWIL ( KJKS BMT) DALAM PEMBERDAYAAN PELAKU USAHA MIKRO KECIL MENENGAH DI KOTA PADANG

2019 ◽  
Author(s):  
Rizki Afri Mulia
Keyword(s):  
Program Implementation ◽  
Financial Services ◽  
Economic Condition ◽  
Cooperative Program ◽  
Savings And Loan ◽  
Small Medium Enterprises ◽  
Medium Enterprises ◽  
The Impact ◽  
Descriptive Method

This research background was found in the implementation of the program Baitul Maal Wat Tamwil (BMT) in Empowerment’s actors UMKM in Padang. The aims of this research was to describe the implementation of Sharia Baitul Maal Wat Tamwil (KJKS BMT) Cooperative Program and to know the impact of KJKS Program implementation through savings and loan program in approaching the access of business capital to SMEs in Padang City. The method used in this research was qualitative research using descriptive method. The research found that the Role of Sharia Financial Services Cooperative Program Baitul Maal Wat Tamwil (KJKS BMT) for the Empowerment of Micro Small Medium Enterprises has been effective by providing financing in the addition of venture capital to UMKM for the development of their business. Although the implementation of KJKS program has been in accordance with existing procedures but has not fully able to improve the welfare of its members. This can be seen from its still found some obstacles in the implementation, constraints faced can be categorized into two forms. Internal obstacles such as: lack of KJKS capital, poor people's mindset about KJKS program, lack of supervision on KJKS program implementation, external constraints such as: the utilization of aid funds that have not maximized, Fructuative Community Economic Condition (unstable), Competitor with product Just like the existence of loan sharks, obstacles that come from the participants of the program carried out efforts such as guidance, the system pick up the ball against members who are stuck in the payment.

scholarly journals PERANAN PROGRAM KOPERASI JASA KEUANGAN SYARIAH BAITUL MAAL WAT TAMWIL ( KJKS BMT) DALAM PEMBERDAYAAN PELAKU USAHA MIKRO KECIL MENENGAH DI KOTA PADANG

2019 ◽  
Author(s):  
Rizki Afri Mulia
Keyword(s):  
Program Implementation ◽  
Financial Services ◽  
Economic Condition ◽  
Cooperative Program ◽  
Savings And Loan ◽  
Small Medium Enterprises ◽  
Medium Enterprises ◽  
The Impact ◽  
Descriptive Method

This research background was found in the implementation of the program Baitul Maal Wat Tamwil (BMT) in Empowerment’s actors UMKM in Padang. The aims of this research was to describe the implementation of Sharia Baitul Maal Wat Tamwil (KJKS BMT) Cooperative Program and to know the impact of KJKS Program implementation through savings and loan program in approaching the access of business capital to SMEs in Padang City. The method used in this research was qualitative research using descriptive method. The research found that the Role of Sharia Financial Services Cooperative Program Baitul Maal Wat Tamwil (KJKS BMT) for the Empowerment of Micro Small Medium Enterprises has been effective by providing financing in the addition of venture capital to UMKM for the development of their business. Although the implementation of KJKS program has been in accordance with existing procedures but has not fully able to improve the welfare of its members. This can be seen from its still found some obstacles in the implementation, constraints faced can be categorized into two forms. Internal obstacles such as: lack of KJKS capital, poor people's mindset about KJKS program, lack of supervision on KJKS program implementation, external constraints such as: the utilization of aid funds that have not maximized, Fructuative Community Economic Condition (unstable), Competitor with product Just like the existence of loan sharks, obstacles that come from the participants of the program carried out efforts such as guidance, the system pick up the ball against members who are stuck in the payment.

Part V New Financial Technology in Financial Markets and Infrastructure, 15 Impact on Regulation of Financial Markets

2021 ◽  
Author(s):  
Treleaven Philip ◽  
Sfeir-Tait Sally
Keyword(s):  
Financial Markets ◽  
Financial Services ◽  
Stock Markets ◽  
Financial Stability ◽  
New Economy ◽  
Financial Services Regulation ◽  
Regulation Of Financial Markets ◽  
The Impact ◽  
Financial Technology

This chapter considers the impact of fintech and regtech from a macro perspective. It demonstrates the depth of the changes and importance to consider in all the elements that are converging to create a new reality and a new economy. It also adopts the meaning of the term “fintech” as published by the Bank of International Settlements and the Financial Stability Board, which means “technology—enabled innovation in financial services”. This chapter describes the impact of fintech on financial services regulation. It provides a macro analysis on fintech solutions that are tested or implemented in financial services as they are directly applicable to stock markets and exchanges.

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