scholarly journals DAYA TAHAN BAITUL MAL WAT TAMWIL DALAM ARUS REVOLUSI INDUSTRI 4.0

2020 ◽  
Vol 14 (2) ◽  
pp. 77-90
Author(s):  
Eja Armaz Hardi
Keyword(s):  
Industrial Revolution ◽  
Financial Institution ◽  
Descriptive Analysis ◽  
Microfinance Institutions ◽  
Financial Industry ◽  
Middle Income ◽  
Transaction Process ◽  
Qualitative Descriptive ◽  
Financial Transactions ◽  
Financial Technology

Abstrak - Artikel ini bertujuan untuk menganalisa ketahanan Baitul Mal wat Tamwil (BMT) di dalam arus revolusi industri 4.0 pada bidang financial technology (fintech). BMT merupakan salah satu Lembaga Keuangan Mikro Syariah (LKMS) di Indonesia yang memiliki segmentasi konsumen spesifik yaitu masyarakat low-middle income dan tidak memiliki akses kepada perbankan (unbankable). BMT terbukti memiliki peran signifikan dalam membantu mengurangi tingkat kemiskinan di Indonesia dengan program pemberdayaan yang dimilikinya. Di saat bersamaan, proses manajemen yang berlaku pada BMT masih relatif berbelit dan panjang, seperti pendampingan pra-pembiayaan, proses pembiayaan dan pasca pembiayaan. Akan tetapi, satu dekade terakhir, perkembangan teknologi finansial (fintech) melakukan inovasi yang signifikan dalam bidang industri keuangan. Salah satu signifikansi dari inovasi fintech adalah mendistrupsi atau memotong jalur panjang administrasi yang berlaku selama di lembaga keuangan. Di samping itu ia juga menawarkan kecepatan, mobilitas dan akurasi proses transaksi keuangan masyarakat. Dengan menggunakan analisis deskriptif kualitatif, artikel ini menemukan bahwa, walaupun fintech menawarkan inovasi yang distrubtif dalam transaksi keuangan saat ini, BMT cenderung akan tetap bertahan dengan distingsi dan segmentasi yang dimilikinya. Akan tetapi, resistensi tersebut menjadi berbeda ketika penduduk Indonesia yang berusia di atas 65 tahun saat ini disubstitusi oleh generasi milenial pada tahun 2035. Oleh karena itu, artikel ini merekomendasikan bahwa untuk menghindari penurunan peran dalam membantu masyarakat menengah ke bawah dalam hal finansial, BMT harus menyesuaikan diri dengan melakukan inovasi, integrasi, interkoneksi dengan perusahaan fintech.    Abstract - This article aims to analyze the resilience of the Baitul Mal wat Tamwil (BMT) in the era of industrial revolution 4.0 in the field of financial technology (fin-tech). BMT is one of the Sharia Microfinance Institutions (LKMS) in Indonesia has specific consumer segmentation, namely low-middle income people and no access to banks (un-bankable). BMT has proven to have a significant role in helping to reduce poverty levels in Indonesia with its empowerment program. At the same time, the management processes that apply to BMTs are still relatively complicated and long, such as pre-financing assistance, financing processes and post-financing. However, in the last decade, the development of fin-tech has made significant innovations in the financial industry. One significance of fin-tech innovation is the distribution or cutting of the long administrative path that applies while at a financial institution. In addition, he also offers the speed, mobility and accuracy of the public financial transaction process. Using a qualitative descriptive analysis, this article finds that, although fin-tech offers constructive innovation in current financial transactions, BMTs will tend to survive with their distinction and segmentation. However, this resistance becomes different when the Indonesian population aged over 65 years would substituted by millennial generation in 2035. Therefore, this article recommends that in order to avoid reducing its role in helping the middle to lower financially, the BMT must adjust to innovation, integration, interconnection with fin-tech companies.  

scholarly journals Financial Technology (Fintech) Dalam Inklusi Keuangan Nasional di Masa Pandemi Covid-19

2021 ◽  
Vol 8 (1) ◽  
pp. 56-64
Author(s):  
Ratnawaty Marginingsih
Keyword(s):  
Positive Impact ◽  
Descriptive Analysis ◽  
Financial Inclusion ◽  
Economic Recovery ◽  
Analysis Technique ◽  
National Economic ◽  
Qualitative Descriptive ◽  
Financial Transactions ◽  
The Impact ◽  
Financial Technology

Abstrak  - Pandemi Covid-19 berdampak pada perlambatan ekonomi nasional, Financial Technology (Fintech) memiliki potensi mengambil peran dalam upaya pemulihan ekonomi. Dampak pandemi covid-19 yang semakin meluas sektor Financial Technology (Fintech) memiliki peran penting untuk meningkatkan inklusi finansial dan kesejahteraan masyarakat.  Metode penelitian yang digunakan untuk penulisan ini adalah teknik analisis deskriptif kualitatif. Hasil penelitian menujukkan keberadaan Financial Technology (Fintech) memiliki dampak positif dimasa pandemi covid-19. Kontribusi Fintech telah banyak membantu masyarakat yang masih belum terlayani lembaga keuangan formal dalam melakukan transaksi keuangan sesuai dengan kebutuhannya. Pemulihan ekonomi nasional dan peningkatan penerimaan negara dimasa pandemi dapat dilakukan dengan dukungan penguatan regulasi terhadap pertumbuhan Fintech yang inklusif dan berkesinambungan yang memiliki potensi sebagai faktor pemicu lompatan yang sangat besar bagi industri pembayaran layanan keuangan digital. Kata Kunci: Financial Technology, Inklusi Keuangan, Ekonomi Nasional  Abstract - The Covid-19 pandemic has an impact on the national economic slowdown, Financial Technology (Fintech) has the potential to play a role in economic recovery efforts. The impact of the Covid-19 pandemic which is increasingly widespread in the Financial Technology (Fintech) sector has an important role to play in increasing financial inclusion and public welfare. The research method used for this writing is a qualitative descriptive analysis technique. The research results show that the existence of Financial Technology (Fintech) has a positive impact during the Covid-19 pandemic. Fintech's contribution has helped many people who are still not served by formal financial institutions in carrying out financial transactions according to their needs. National economic recovery and increased state revenue during the pandemic can be carried out with the support of strengthening regulations for inclusive and sustainable Fintech growth which has the potential to trigger a huge leap for the digital financial service payment industry. Keywords: Financial Technology, Financial Inclusion, National Economy

scholarly journals Implementation of the Concept of Al-'Uqûd Al-Murakkabah on Sharia Financial Institutions

2017 ◽  
Vol 1 (1) ◽  
pp. 31-44
Author(s):  
Atep Setiadi
Keyword(s):  
Qualitative Methods ◽  
Financial Institutions ◽  
Financial Institution ◽  
Financial Industry ◽  
Financial Transactions

This paper is intended to analyze philosophically about the existence of al-'Uqûd al-Murakkabah. This paper focuses its assessment on the opinions of scholars of hadith and fiqh (muamalah), as well as its application in Sharia Financial Institutions. This assessment is important because transactions in the form of a single contract are incapable of responding to the development of contemporary financial transactions that are always in motion and are influenced by the financial industry both nationally, regionally and internationally. Using qualitative methods and literature studies in this study it can be concluded that, first, fiqh muamalah contemporary in hadith traditions related to hybrid contract model there is a ban of two contracts in one transaction (bai'ataini fi bai'atin), ban two agreements in one The agreement (shafqa taini fi shafqatin) and the prohibition of the sale and purchase agreements and the ordering of goods (bay 'and salaf); second, the use of hybrid contracts at the Sharia Financial Institution is directed to the manufacture of al' Uqud al-Mutaqâbilah (Dependent or Conditional Contract).

scholarly journals IMPLEMENTASI PRINSIP-PRINSIP GOOD CORPORATE GOVERNANCE DI KSPPS BMT SALAFIYAH SUKOREJO SUMBEREJO BANYUPUTIH KABUPATEN SITUBONDO

2021 ◽  
Vol 15 (1) ◽  
pp. 161-182
Author(s):  
Imroatus Sholiha
Keyword(s):  
Corporate Governance ◽  
Financial Institution ◽  
Descriptive Analysis ◽  
Boarding School ◽  
Internal Factors ◽  
Good Corporate Governance ◽  
Analysis Technique ◽  
Qualitative Descriptive ◽  
Conducting Research ◽  
To Come

A Cooperative is a financial institution that aims to prosper its members. In addition to conventional cooperatives, there are now sharia cooperatives which in carrying out their operations use sharia principles. KSPPS BMT Salafiyah is one of them, KSPPS BMT Salafiyah is a savings and loan cooperative and sharia financing owned by the Salafiyah Syafi'iyah Islamic Boarding School Sukorejo. BMT is the closest Islamic financial institution to the community. And to maintain public trust in BMT, transparency, accountability, responsibility, professionalism, and fairness are needed in carrying out its operations. This study discusses Good Corporate Governance (GCG) in which there are 5 principles. The focus of the problem in this research are: first, how is the implementation of GCG principles in KSPPS BMT Salafiyah Sukorejo Sumberejo Banyuputih Situbondo?; second, what are the obstacles faced in implementing the principles of GCG in KSPPS BMT Salafiyah Sukorejo Sumberejo Banyuputih Situbondo? The purpose of this research is to describe how the implementation of GCG principles in KSPPS BMT Salafiyah and what are the obstacles in implementing GCG principles in KSPPS BMT Salafiayah Sukorejo Sumberejo Banyuputih Situbondo. This study uses a qualitative descriptive method and uses the instruments of observation, interviews, and documentation. Meanwhile, the data analysis uses descriptive analysis technique, which describes qualitatively when conducting research, with an emphasis on the Implementation of Good Corporate Governance (GCG) Principles at KSPPS Salafiyah Sukorejo Sumberejo Banyuputih Situbondo. The result of this research is that KSPPS BMT Salafiyah implements 5 principles of GCG, namely transparency, accountability, responsibility, professionalism, and fairness. And for the obstacles faced in implementing GCG, KSPPS BMT Salafiyah experienced obstacles in internal factors, namely the ebb and flow of employee discipline in carrying out their duties or obligations, the effort they made was to apply rules to employees to come to the office before 8 o'clock and give rewards to employees with high discipline.

Talent mapping: a strategic approach toward digitalization initiatives in the banking and financial technology (FinTech) industry in Indonesia

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Wimboh Santoso ◽  
Palti Marulitua Sitorus ◽  
Sukarela Batunanggar ◽  
Farida Titik Krisanti ◽  
Grisna Anggadwita ◽  
...  
Keyword(s):  
Human Resources ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
Decision Makers ◽  
Second Phase ◽  
Financial Industry ◽  
Content Type ◽  
Future Needs ◽  
Strategic Approach ◽  
Financial Technology

Purpose The development of information technology is highly influential to all sectors, including the financial industry. Various transformations are made in overcoming the dynamics of technological advancements, including the mapping of human resources. This study is conducted in the banking industry and companies operating using financial technology (FinTech) in Indonesia. This study aims to identify talent competencies needed in the future, based on current conditions and future needs, through mapping talent in the banking and FinTech industries. Design/methodology/approach This study provides empirical evidence about the mapping of talent management with eight basic competencies. It uses a mixed-method, explanatory sequential with survey approach in the first phase and focus group discussions (FGD) in the second phase. The questionnaire is distributed to 309 respondents who are the specific decision-makers in this industry. Meanwhile, the FGD is conducted twice at different times with academics and practitioners, human resources and talent managers. This research used analytic hierarchy process as a tool for data processing. Findings This study provides current competency positions and future needs in the banking and FinTech industries in Indonesia where it found a lot of competence segregation. It also discovered three priority competencies for dealing with Industry 4.0, which included relating and networking, adapting and responding to change and entrepreneurship and commercial thinking. Practical implications This study is valuable for decision-makers and regulators; these results can be used to find new competencies and talents to develop existing human resources. Also, these results can be used as a basis for policy-making related to the Industrial Revolution 4.0. Originality/value This study provides new insights on talent mapping in the banking and FinTech industries as a strategic approach in the digitalization era. In addition, this research also adds knowledge related to Industry 4.0 as a result of industry developments in the digitalization era.

scholarly journals Integrated financing model in Islamic microfinance institutions for agriculture and fisheries sector

2019 ◽  
Vol 16 (4) ◽  
pp. 303-314
Author(s):  
Aan Zainul Anwar ◽  
Edi Susilo ◽  
Fatchur Rohman ◽  
Purbayu Budi Santosa ◽  
Edy Yusuf Agung Gunanto
Keyword(s):  
Small And Medium Enterprises ◽  
Descriptive Analysis ◽  
Microfinance Institutions ◽  
Central Java ◽  
Islamic Financial Institutions ◽  
Qualitative Descriptive ◽  
Islamic Microfinance ◽  
Financing Model ◽  
Medium Enterprises ◽  
Islamic Insurance

The uniqueness of micro, small and medium enterprises (MSMEs) in the agriculture and fisheries sector has led to thoughts of innovation in the microfinance institutions (MFIs) that serve it. Service innovations in the agriculture and fisheries sector have been carried out in various countries to facilitate the development of this sector. This study aims to analyze the financing model of Islamic microfinance institutions (Islamic MFIs) based on the characteristics of the agriculture and fisheries sectors and the reconstruction of Salam contracts of Islamic financial institutions for farmers and fishermen. The research method used is qualitative descriptive analysis. The data were obtained through in-depth interviews with the agriculture and fisheries businesses in Central Java, Indonesia. The result showed that Salam contract constructed according to the characteristics of the fishing community to alleviate it from the shackles of moneylenders and wholesalers, including Islamic MFIs, farmers, and fishers as members of Islamic MFIs, buyers, Islamic banks and Islamic insurance. The output of this research is that farmers and fishermen can form a community to help one another with financial needs and are managed by Islamic MFIs that work in synergy with fisheries and agriculture companies, as well as an integrated Salam contract application system for Islamic MFIs.

scholarly journals Aktualisasi Profil Guru Nahdlatul Ulama Inspiratif dalam Menghadapi Tantangan Revolusi Industri 4.0

2020 ◽  
Vol 11 (1) ◽  
pp. 48-63
Author(s):  
Sholihudin Al Ayubi ◽  
Wildah Nurul Islami
Keyword(s):  
Industrial Revolution ◽  
Descriptive Analysis ◽  
Conceptual Approach ◽  
The Past ◽  
Surrounding Environment ◽  
Information And Communication ◽  
Qualitative Descriptive ◽  
Nahdlatul Ulama ◽  
Collection Methods

Abstract: Inspirational teacher is a teacher who becomes a "mirror" for other teachers and has positive values ​​in themselves for students and the surrounding environment. Among the current problems of NU teachers is how to deal with the development of information and communication technology with an inspiring role. The formulation of the problem in this study is "What is the form of actualizing the profile of inspiring NU teachers in facing the industrial revolution 4.0?" This study aims to analyze the actualization of the profile of inspiring NU teachers in facing the challenges of the industrial revolution 4.0. This research is a qualitative research using a conceptual approach. Data collection methods using documentation and data analysis methods using qualitative descriptive analysis. The steps for actualizing the inspirational NU teacher profile include: 1. Examining the role of teachers and the challenges of the industrial revolution 4.0, 2. The importance of reflecting on the figure of KH. Hasyim Asy'ari was an inspiring figure of NU's ulama and teacher in the past but the results of his thoughts are still relevant to be applied in millennial times. Among the actualization forms of inspiring NU teacher profiles include three criteria namely ASWAJA's character, actively innovating, and actively literating.  

scholarly journals Financial Technology For SMEs Capital Problems With Crowdfunding Method

2020 ◽  
Vol 35 (2) ◽  
pp. 150
Author(s):  
Mappa Panglima Banding ◽  
Ashar Ashar ◽  
Ahmad Juliana ◽  
Muh. Irfandy Azis ◽  
Yohanna Thresia
Keyword(s):  
Qualitative Data ◽  
Small And Medium Enterprises ◽  
Descriptive Analysis ◽  
Business Management ◽  
Primary Data ◽  
Social Interests ◽  
Experiment Subject ◽  
Qualitative Descriptive ◽  
Medium Enterprises ◽  
Financial Technology

<p>This study motivated by Micro, Small, and Medium Enterprises (SMEs) problem. SMEs still have difficulty accessing financial institutions. This problem should overcome when SMEs utilize information technology in business management such as crowdfunding features through Financial technology, where crowdfunding has known as a funding offering facility for social interests. The study is a qualitative descriptive analysis. This study intended to decide how to use crowdfunding-based financial technology by SME's at Tarakan City. The experiment subject is a randomized participant of 15 participants based on a predetermined category faced with stakeholders SME’s at Tarakan City. The data consisted of primary data non-metric or qualitative data. Participants were interviewed and examined to learn about the use of crowdfunding-based financial technology by small and medium-sized companies in Tarakan City, followed by triangulation with three models, i.e. data triangulation, investigator triangulation, and methods triangulation. Then analyzed with an interactive model through data reduction, data display, and conclusion drawing procedures. The result of the research shows that from the 15 informants in this study, there were only two informants who knew about Financial technology, and only a small proportion of SMEs at Tarakan City able to utilize Financial technology based on crowdfunding for their funding needs and use crowdfunding for working capital.</p>

scholarly journals IMPACT OF FINANCIAL TECHNOLOGY IN INDIA ON BANKING SECTOR

2020 ◽  
pp. 44-50
Author(s):  
Mrs.G.Yasmin ◽  
M.A.S. Raja Mohammed
Keyword(s):  
Financial Services ◽  
Business Models ◽  
Banking Sector ◽  
Financial Industry ◽  
Middle Income ◽  
Technology Sector ◽  
New Business ◽  
City Of London ◽  
The Impact ◽  
Financial Technology

Technology has, to some degree, always been part of the financial world. The term fintech refers to the synergy between finance and technology, which is used to enhance business operations and delivery of financial services. Financial technology is the application of new technological advancements to products and services in the financial industry. It includes B2C (Business to Client), Crowdfunding Platforms, Block chain and Cryptocurrency, Mobile Payments, Insurance, Robo-Advising, Stock-Trading Apps, Budgeting Apps, Fintech Stocks. Fintech market in India is likely to expand to $31 billion in 2020," India is a dominant force in the financial technology sector globally with 29 per cent annual returns on investments, a report released by the City of London Corporation. The study is important to analyse the impact of fintech in banking sector through analyzing its performance and growth pattern. Implementation of new business models driven by technologies such as Artificial Intelligence and Machine Learning Wide middle-class expansion by 2030, India will add 140 million middle-income and 21 million high-income households which will drive the demand and growth on the Indian Fin Tech space. KEY WORDS: Fintech, Financial services, banking sector, India, technology

scholarly journals SMEs-Fintech: Support Increase of BMT through financing and recruitment member based of technology

2018 ◽  
Vol 1 (1) ◽  
pp. 43
Author(s):  
Erwanda Nur Yahya
Keyword(s):  
Descriptive Analysis ◽  
Microfinance Institutions ◽  
Analysis Method ◽  
Qualitative Descriptive

This paperto develop online applications to allow users to take advantage of BMT. The method used in this research is qualitative descriptive analysis method in the form of a method to analysis concerned. Writing papers is motivated by fundamental problems that occured in Indonesia, namely poverty. One of the institutions whose role is to alleviate property itself is MFIs (Microfinance Institutions).

scholarly journals Service Excellent For Islamic Micro Financial Institution During Covid-19 Pandemic

2021 ◽  
Vol 10 (1) ◽  
pp. 48-61
Author(s):  
Trimulato Trimulato ◽  
Muhlis Muhlis ◽  
Farid Fajrin ◽  
Supriadi Hamid ◽  
Trisno Wardy Putra
Keyword(s):  
Financial Institutions ◽  
Financial Institution ◽  
Microfinance Institutions ◽  
Service Excellence ◽  
Library Research ◽  
Analysis Technique ◽  
Excellent Service ◽  
Islamic Financial Institutions ◽  
Qualitative Descriptive ◽  
The Impact

The development of Islamic financial institutions in Indonesia continues to increase. But, the development of Islamic finance institutions is hindered due to the impact of the Covid-19 outbreak. In particular, Islamic non-bank financial institutions include Islamic microfinance institutions (IMFI). SMEs that become the market segment of IMFI are affected by the Covid-19. Amid this condition, IMFI still has survived and developed and provides excellent service to customers. This study aims to determine the development of IMFI and to know the pattern of service excellence for IMFI in the condition of the Covid-19 outbreak. This research is qualitative and uses library research. Data sources obtained from several sources are considered relevant themes, especially sources of certain institutions that provide data relating to the development of IMFI. The data analysis technique used is a qualitative descriptive overview of the development of IMFI and service excellent pattern for amid the Covid-19 outbreak. Results showed the growth of IMFI in March 2021, whose assets experienced growth of 6.8 percent and financing growth of 13.66 percent. IMFI can do the excellent service pattern amid the Covid-19 outbreak, continues services as usually by following existing rules, increasing intensity of communication with customers, cooperating with other Islamic financial institutions, and improving service indirectly giving customers access.

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