scholarly journals ANALYSIS OF THE READINESS OF INDONESIAN PEOPLE AND REGULATIONS IN HANDLING FRAUD ON TECHNOLOGY EXPLOITATION

2020 ◽  
Vol 5 (1) ◽  
pp. 33
Author(s):  
Mustika Prabaningrum Kusumawati ◽  
Ari Nur Rahman ◽  
Panzi Aulia Rahman ◽  
Henry Adrian Sumule ◽  
Endrojoyo Sigit Triyono
Keyword(s):  
Economic Growth ◽  
Financial Services ◽  
Industrial Revolution ◽  
Technological Development ◽  
Modern Society ◽  
Financial Service ◽  
State Institutions ◽  
Positive Side ◽  
Use Of Technology ◽  
Economic Growth Factors

The development of information technology has a big influence in supporting business continuity among producers, consumers, distributors, and financial service institutions. The development of Financial Technology (Fintech) has now become a trend in modern society that follows the current developments. The positive side of technological development, especially in supporting fast and smooth financial services, can actually create a large gap in the readiness of the use of technology in the industrial revolution 4.0. Without strong preparation, this will increasingly create a big gap in the formation of the Fintech technology-based fraud chain. This paper discusses how a qualitative research using the grounded research model can find out the use of recht vacuum loopholes to commit fraud in the exploitation of technology. In addition, it also encourages the establishment of a regulation that supports the creation of a healthy Fintech ecosystem which is the main key in increasing Indonesia's economic growth. Factors influencing the occurrence of fraud include the lack of public knowledge about how to transact using Fintech, the looseness of applicable regulations, the arrogance of Fintech consumer in utilizing bug software Fintech to get profit as much as possible without thinking about legal consequences, the arrogance of the Fintech company in minimizing the large risks that will occur, and not maximum formation of the Fintech ecosystem with other traditional financial service institutions. The situation is exacerbated by the unavailability of the Whistleblowing System (WBS) through a complaint channel specifically for Fintech. The establishment of the Fintech ecosystem, with the adoption of an anti-fraud system as one of the factors that drive Indonesia's economic growth, can be done by creating a technology-savvy community, especially Fintech; making an integrity pact to support anti-fraud and anti-money laundering among regulators, the Fintech association, and the Fintech companies at the time of making official registration with the regulator; Regulators need to get rid of egotism between institutions by synchronizing verbally or nonverbally through technology channels that are automatically integrated between state institutions and preparing special channels for whistleblower systems or consumer complaints channel specifically for Fintech.

scholarly journals SCIENTIFIC AND TECHNOLOGICAL DEVELOPMENT AS A FACTOR OF ACCELERATING ECONOMIC GROWTH IN RUSSIA

2021 ◽  
Vol 230 (4) ◽  
pp. 237-244
Author(s):  
E.B. LENCHUK ◽  
Keyword(s):  
Economic Growth ◽  
World Economy ◽  
Large Scale ◽  
Industrial Revolution ◽  
Technological Development ◽  
Technological Basis ◽  
Fourth Industrial Revolution ◽  
The World ◽  
Sustainable Economic Growth ◽  
Scientific And Technological Development

The article deals with the modern processes of changing the technological basis of the world economy on the basis of large-scale transition to the use of technologies of the fourth industrial revolution, shaping new markets and opens up prospects for sustainable economic growth. It is in the scientific and technological sphere that the competition between countries is shifting. Russia remains nearly invisible player in this field. The author tried to consider the main reasons for such a lag and identify a set of measures of state scientific and technological policy that can give the necessary impetus to the scientific and technological development of Russia.

Financing for Innovation in China

2021 ◽  
pp. 167-186
Author(s):  
Jin Chen ◽  
Liying Wang
Keyword(s):  
Economic Growth ◽  
Capital Market ◽  
Financial Services ◽  
Business Models ◽  
Industrial Revolution ◽  
Science And Technology ◽  
Financial Innovation ◽  
Financing System ◽  
Important Player ◽  
New Challenges

Technology and capital are two fundamental factors in economic growth; each and every technological and industrial revolution has gone hand in hand with new financial patterns since the First Industrial Revolution in Britain. As a latecomer, China is firmly committed to science and technology (S&T) innovation through innovative financial services. First, by combining fiscal and taxation policies with market capital, China has put in place its own financing system for S&T innovation. Second, fiscal and taxation policies play a fundamental and guiding role. Third, myriad innovative business models, such as “investment-lending-guarantee,” provide examples of diverse ways to support S&T activities through financial innovation. Fourth, corporate internal finance has become an important player in S&T innovation. Fifth, digital financial platforms have been playing an increasingly important role and created some new challenges. Sixth, much room is left for the capital market to play an even bigger role in S&T innovation.

Breakthrough Technologies: New Directions in Economic and Social Development

2021 ◽  
Vol 26 (11) ◽  
pp. 1227-1235
Author(s):  
V. D. Ardzinov ◽  
N. V. Chepachenko ◽  
A. A. Leont’ev
Keyword(s):  
Economic Growth ◽  
National Economy ◽  
Growth And Development ◽  
Industrial Revolution ◽  
New Technologies ◽  
Technological Development ◽  
Managerial Decision ◽  
Russian Economy ◽  
The Impact

The presented study examines the comparative characteristics of industrial revolution targets, national goals, and strategic objectives for the development of the Russian economy; proposes methods for measuring and evaluating technological development; describes its impact on economic growth and shows the performance of enterprises.Aim. The study aims to determine the specific features of formation of economic and social development targets and the potential of new technologies, including breakthrough technologies, for shaping the technological development of the Russian economy; to propose methods for measuring and evaluating technological development and its impact on the growth and development of the national economy that would improve the quality of economic and managerial decision-making.Tasks. The authors clarify the interpretation of the concept of breakthrough technologies; identify distinctive features in the formation of industrial revolution targets and priority targets for the development of the Russian economy; substantiate methodological approaches to identifying parameters and indicators, methods for measuring and evaluating the level of technological development, its impact on the results of changes in economic growth and development of the national economy and its economic entities.Methods. The authors use the methods of scientific research, theoretical and comparative analysis, synthesis, generalization, general theory of economic growth, and elements of the economic efficiency theory.Results. The interpretation of breakthrough technologies as dominant new technologies that can ensure accelerated progressive development of the economy and minimize damage to the natural environment is clarified. The distinctive features of formation of industrial revolution targets and their relationship with the targets for the development of the Russian economy are identified. Evaluative features are substantiated; indicators for measuring and evaluating the transformation of the technological development of enterprises engaged in different activities and indicators for measuring and evaluating the impact of new technologies, including breakthrough technologies, on economic growth and development are proposed. The influence of the recommended measurement and evaluation methods on improving the quality of management decisions is shown.Conclusions. The study substantiates the need to improve methods for assessing the actual achieved (projected, planned) level of technological development as a necessary prerequisite for its qualitative analysis, evaluation, control, and monitoring required to make sound economic and managerial decisions. The proposed methods for measuring and evaluating technological development, measuring and evaluating the impact of new technologies, including breakthrough technologies, on the quality of economic growth, efficiency and competitiveness of the national economy (region, industry, activity, enterprises) improve the quality of managerial decision-making in achieving national goals for the development of the national economy.

scholarly journals ПРОБЛЕМИ ТА ПЕРСПЕКТИВИ РОЗВИТКУ РИНКУ ФІНАНСОВИХ ПОСЛУГ В УКРАЇНІ

2014 ◽  
pp. 137-139
Author(s):  
З. П. Урусова ◽  
В. В. Ярмош ◽  
А. А. Урусов
Keyword(s):  
Economic Growth ◽  
Financial Market ◽  
Financial Services ◽  
Direct Investment ◽  
Regional Scale ◽  
Financial Service ◽  
Financial Resources ◽  
Service Market ◽  
Objective Basis

Ринок фінансових послуг є ринком, на якому відбу-вається обмін фінансовими ресурсами, надання кре-диту й мобілізація капіталу. Об'єктивною підставоюфункціонування фінансового ринку є неспівпадінняпотреби в фінансових ресурсах із наявністю джерелзадоволення цієї потреби. Ринок фінансових послуг –один із механізмів забезпечення конкурентоспромо-жності економіки країни, поскільки розподіл фінан-сових ресурсів на ньому відбувається на конкурент-ній основі, що дає можливість спрямувати інвести-ційні потоки у найбільш привабливі сеґменти еконо-міки й тим самим сприяти економічному зростанню.Саме тому у статті розглянуті й визначені факто-ри, що є визначальними для підвищення конкуренто-спроможності України на ринку фінансових послуг углобальному та регіональному масштабі. Financial service market is a market in which to exchange financial resources, the provision of credit and capital mobilization. The objective basis for the functioning of the financial market is different needs in financial resources, availability of sources of meeting this need. Market of financial services is one of the mechanisms for ensuring competitiveness of the economy, as the allocation of financial resources in this market takes place on a competitive basis, which allows direct investment flows in the most attractive segments of the economy and thus contribute to economic growth. That is why there are considered and identified factors that are crucial for increasing Ukraine's competitiveness in the market of financial services on a global and regional scale.

scholarly journals Pertumbuhan Ekonomi seiring dengan Perkembangan Teknologi di Jawa Tengah

2020 ◽  
Author(s):  
addina syifa
Keyword(s):  
Economic Growth ◽  
Industrial Revolution ◽  
Economic Activities ◽  
Literature Study ◽  
Private Companies ◽  
Central Java ◽  
Use Of Technology ◽  
Qualitative Descriptive ◽  
Sophisticated Technology

In the era of the industrial revolution 4.0, technology is developing very rapidly, which results in not being separated from the use of technology in all aspects of life, especially in the economic aspect, because the role of technology is needed in all economic activities, it then has an impact on the economic growth of a region. This article aims to explain how much influence the development of increasingly sophisticated technology on economic growth in Central Java Province. The method used in this article is through a qualitative descriptive method with a literature study that pays attention to how the use of technology in various economic activities both from the Usaha Mikro Kecil dan Menengah (UMKM) sector to private companies in Central Java. The results of this study are the development of increasingly sophisticated technology that is very influential on all economic activities which then lead to economic growth in an area. The development of technology has greatly helped economic activities to become more effective and profitable from both the Usaha Mikro Kecil dan Menengah (UMKM) sector to private companies, which has resulted in increased economic prosperity of a region.

SISTEM KOORDINASI ANTARA OTORITAS JASA KEUANGAN (OJK) DENGAN LEMBAGA PENJAMIN SIMPANAN (LPS) DALAM PENANGANAN BANK GAGAL

2017 ◽  
Vol 6 (1) ◽  
pp. 1
Author(s):  
WIWIN WINTARSIH WINDIANTINA
Keyword(s):  
Economic Growth ◽  
Financial Services ◽  
Deposit Insurance ◽  
Banking Sector ◽  
Banking Industry ◽  
Financial Service ◽  
Financial Service Authority ◽  
Insurance Agency ◽  
Financial Transactions ◽  
The Impact

ABSTRACTThe banking industry is a dynamic sector along with economic growth, an increasing of complex financial transactions, and the impact from global trade, therefore the presence of an independent institutions is really needed. The Deposit Insurance Agency (LPS) is an institution that is independent, transparent and accountable in implementing its duties and authorities. As an independent agency, accountability is very important to be applied, so that stakeholders aware of what and how LPS implement the functions and duties as mandated by Law No. 24 of 2004 concerning the Deposit Insurance Agency (LPS). Procedurally, if the Financial Services Authority (OJK) indicate a bank that is experiencing liquidity problems, Financial Services Authority (OJK) immediately inform the Bank of Indonesia (BI) to take steps in accordance with BI's authority. In practise, Financial Service Authority (OJK) coordinate withBank of Indonesia (BI) to make regulatory supervision in banking sector. Coordination in handling between failed banks between the Deposit Insurance Agency (LPS) and Financial Services Authority (OJK) is shown by a confirmation from Financial Services Authority (OJK) to the Deposit Insurance Agency (LPS) about troubled banks that are in the restructuring efforts by Financial Services Authority (OJK), then the Deposit Insurance Agency (LPS) investigate the banks in accordance with its functions, duties and responsibilities. The Deposit Insurance Agency (LPS) as an institution that checks condition of banks surely will review and determine whether the troubled banks will be saved or not saved.

scholarly journals Energy Efficiency as a Factor of Modernization in Era of the Industrial Revolution in 18th—19th Centuries in Europe (Sweden and England)

2020 ◽  
pp. 358-372
Author(s):  
O. V. Kim
Keyword(s):  
Economic Growth ◽  
Energy Efficiency ◽  
English Language ◽  
Industrial Revolution ◽  
Technological Development ◽  
International System ◽  
Modern Times ◽  
Logical Connection ◽  
New Energy ◽  
Capitalist World

The question of the relationship between the processes of modernization and the development of energy in Sweden and England in modern times is considered. The author investigates the problem of regional features of early industrialization in these countries. A review of modern English-language historiography on this topic is carried out. The author’s development of a model of the synergetic relationship of energy consumption, energy efficiency and economic growth in the 18th—19th centuries is presented. The question is raised about the typological similarity of the processes of economic and technological development of Sweden and England in modern times in the context of the capitalist world-system. At the same time, it is shown how the specific natural and socio-economic conditions in these countries influenced the historically determined differences in the use of firewood, coal, steam engines. Particular attention is paid to such factors of Sweden’s development as the early nature of proto-industrialization processes and the country’s semi-peripheral position in the capitalist world-economy. The author reveals the logical connection between the key positions of England in the international system of production and exchange and the dynamic introduction of new energy sources in modern times. It was concluded that factors related to the position of a particular country in the system of center-peripheral relations were of decisive importance for economic growth and energy.

Financial services experience and consumption in Nigeria

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Taiwo O. Soetan ◽  
Emmanuel Mogaji ◽  
Nguyen Phong Nguyen
Keyword(s):  
Financial Services ◽  
Well Being ◽  
Financial Service ◽  
Financial Inclusion ◽  
Structured Interviews ◽  
Content Type ◽  
Use Of Technology ◽  
Maintenance Service ◽  
Customer Services ◽  
Bank Executives

Purpose To understand the financial services experience and consumption in Nigeria from the perspectives of both the customers and managers. This study aims to explore this under-researched area and contribute towards a transformative financial service in the country. Design/methodology/approach Semi-structured interviews with 26 bank customers and seven top bank executives. Findings A conceptual framework, which has emerged from the analysis of the results, revealed three overarching factors that shape these experiences from the perspective of both consumers and managers – service maintenance, service technology and service dynamics. Practical implications For sustainable service maintenance, bank executives need to increase the overall level of transparency in their operations, particularly regarding bank charges, to ensure that customers are not subjected to hidden and unnecessary charges. The use of technology in service provision and delivery should play a prominent role. Managers should also provide innovative and user-friendly technology, communicating with customers and raising awareness of the benefits. Customers who are reluctant to adopt the technology should be educated and reassured. Recognising the service dynamics, managers should improve customer services and relationships, effectively manage the mobile money agent relationship and market new and relevant products to their target audience. Social implications The understanding of the financial services experience and consumption of citizens and residents in the demonstrate how the appropriate programmes and policies that enhance financial inclusion could be introduced and implemented in the country. It enables financial service managers to improve their services to their customers and policymakers to develop timely, relevant and appropriate policies to address and/or bridge the identified gaps in financial inclusion. The understanding of the financial services experience and consumption of citizens and residents in the demonstrate how the appropriate programmes and policies that enhance financial inclusion could be introduced and implemented in the country. Originality/value Through the sampling, this paper reiterates the need for consumer engagement and collaborative customer-provider relationships in redesigning financial services. This aligns with the transformative research agenda, which aims to increase access to financial services, decrease disparity and ensure consumers’ financial well-being.

Computers and Artificial Intelligence in Future Education

2021 ◽  
pp. 654-680
Author(s):  
Michael Voskoglou
Keyword(s):  
Artificial Intelligence ◽  
Formal Education ◽  
Industrial Revolution ◽  
Technological Development ◽  
Modern Society ◽  
The Internet ◽  
Human Society ◽  
Future Education ◽  
The Internet Of Things

This chapter focuses on the role computers and artificial intelligence could play for future education in our modern society of knowledge and globalization. The rapid industrial and technological development of the last 150 years has caused radical changes to the traditional human society. As a result, formal education at all levels, from elementary to tertiary, faces the great challenge of preparing students for the forthcoming era of a new but not yet well-known industrial revolution, characterized by the internet of things and energy and the cyber-physical systems controlled through it. It is concluded that it is unlikely for computers and other “clever” AI machines to replace teachers in the future, because all these devices were created and programmed by humans. It is therefore logical to accept that they will never be able to achieve the quality and independence of human thought. However, it is certain that the role of the teacher will dramatically change in future classrooms.

scholarly journals Effectivenes of Using E-Module and E-Assessment

2019 ◽  
Vol 13 (09) ◽  
pp. 21 ◽  
Author(s):  
Astalini Astalini ◽  
Darmaji Darmaji ◽  
Wawan Kurniawan ◽  
Khairul Anwar ◽  
Dwi Agus Kurniawan
Keyword(s):  
Mobile Learning ◽  
Physics Education ◽  
Industrial Revolution ◽  
Technological Development ◽  
Control Group ◽  
Learning Technology ◽  
Control Group Design ◽  
Use Of Technology ◽  
Post Test ◽  
Basic Physics

4.0 industrial revolution gives opportunity for education through learning technology. Mobile learning is the use of technology in the learning process using tablets, PCs or smartphones. Technological development in education is the use of Android which is a medium for mobile learning that is more flexible. Online based mobile learning provides opportunities for students to study anytime and anywhere. This study aims to determine the effectiveness of the use of electronic guide books and electronic-based assessment in a basic physics practicum with reflectance material on a flat mirror. The study involved 65 physics education students with 35 students in the experimental class and 30 students in the control class. This research is true experimental research with the post-test end-experimental control group design. Based on the evaluation, in very good category at the communication’s indicator and classification’s indicator for experimental class, and in very good category at the compiles the data table’s indicator, for control class.

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