Financial Technology Adoption In Greater Jakarta Patterns Constraints And Enablers

Author : Astrid Meilasari-Sugiana,Siwage Dharma Negara,Hui Yew-Foong
Publisher : ISEAS-Yusof Ishak Institute
Page : 54 pages
File Size : 51,7 Mb
Release : 2022-06-03
Category : Business & Economics
ISBN : 9789815011555

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Financial Technology Adoption in Greater Jakarta: Patterns, Constraints and Enablers by Astrid Meilasari-Sugiana,Siwage Dharma Negara,Hui Yew-Foong Pdf

This article reports the findings of an online survey conducted in November–December 2021 on Indonesians’ experience and perception of fintech tools, focusing on fintech adoption in the Greater Jakarta region, which besides Jakarta, includes Bogor, Depok, Tangerang and Bekasi. One key finding is that, in the Greater Jakarta region, socio-economic status as measured by income is not a key determinant of fintech adoption. This is likely due to the more developed and mature ICT infrastructure in the Greater Jakarta region, which makes fintech tools readily accessible. However, the kinds of fintech tools that are more likely to be used—M-banking, E-wallet, Online Lending, Investment, Donations, and so on—are influenced by factors such as income, education, gender, age and occupation, suggesting that different fintech tools appeal to different groups in society according to their needs and resources. Psychological factors that are important in the adoption of fintech include having many choices in the needed financial services and feeling in control. While fintech users are concerned about data leaks and fraud, this does not deter them from using fintech. It may be anticipated that with the deepening of ICT infrastructure and public education on the safe use of fintech, fintech usage in Indonesia will continue to spread throughout the country.

Author : Anshari, Muhammad,Almunawar, Mohammad Nabil,Masri, Masairol
Publisher : IGI Global
Page : 331 pages
File Size : 45,9 Mb
Release : 2019-07-05
Category : Business & Economics
ISBN : 9781522591856

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Financial Technology and Disruptive Innovation in ASEAN by Anshari, Muhammad,Almunawar, Mohammad Nabil,Masri, Masairol Pdf

The emergence of financial technology (FinTech)-related products is causing major disruptions in financial services that enable financial solutions and innovative business models resulting in the fusion of finance and smart mobile technology. As ASEAN is undergoing a paradigm shift from government-to-government (G2G) to community-to-community (C2C) relationships with the emphasis on integration and collaboration, the adoption of FinTech and its possible future directions needs to be studied further. Financial Technology and Disruptive Innovation in ASEAN provides an assortment of innovative research that explores the recent FinTech initiative in ASEAN with respect to its process, strategies, challenges, and outcomes and highlights new business models, products, and services that affect financial markets and institutions and the provision of financial services. While highlighting topics including blockchain technology, cloud computing, and mobile banking, this book is ideally designed for business executives, managers, entrepreneurs, financial and banking practitioners, policymakers, academicians, students, professionals, and researchers.

Author : Alex M. Lechner,Michelle Li Ern Ang,Juin Yan Ooi ,Badrul Azhar,J Miguel Kanai,Perrine Hamel,Saut Sagala
Publisher : ISEAS-Yusof Ishak Institute
Page : 42 pages
File Size : 54,9 Mb
Release : 2021-12-15
Category : Social Science
ISBN : 9789815011210

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Urban Biodiversity and Nature-Based Solutions in Southeast Asia by Alex M. Lechner,Michelle Li Ern Ang,Juin Yan Ooi ,Badrul Azhar,J Miguel Kanai,Perrine Hamel,Saut Sagala Pdf

Rapid urbanization and development in Southeast Asia have impacted its high biodiversity and unique ecosystems, directly through the use of forest lands for infrastructure building, and indirectly through increasing ecological footprints. In Greater Bandung, Indonesia and Greater Kuala Lumpur, Malaysia, rapid urbanization over the last thirty years has resulted in an increase inbuilt infrastructure of approximately two and three times respectively. A Nature-Based Solutions approach can potentially underpin urban design and planning strategies in Greater Bandung and Greater Kuala Lumpur, as well as other cities in Southeast Asia, to address biodiversity conservation and also global environmental challenges such as climate change adaption and mitigation while supporting well-being. Mainstreaming Nature-Based Solutions in Southeast Asia will require knowledge gaps to be addressed, greater awareness, increasing the evidence base, metrics for measuring success, support from institutions and stakeholders, and new and innovative financing. The urgency of global socio-ecological challenges, in particular the biodiversity and climate crisis, means transformational change is needed in Southeast Asia, for urban, ecological, technical, economic, and social systems, while still supporting sustainable development.

Author : Khairulanwar Zaini
Publisher : ISEAS-Yusof Ishak Institute
Page : 51 pages
File Size : 51,7 Mb
Release : 2022-02-21
Category : Business & Economics
ISBN : 9789815011425

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“Building a Sailboat in a Storm” by Khairulanwar Zaini Pdf

In the first half of 2021, COVID-19 vaccine doses from the COVAX Facility were in short supply, and the plan to mass produce COVAX vaccines through the Serum Institute of India (SII) faltered as the pandemic surged in India in March 2021. Due to COVAX’s shift in approach towards convincing richer nations to redistribute their excess doses, the second half of 2021 saw increases in the frequency and volume of its shipments. Donors were however able to “earmark” their dose donations and identify their intended recipients. The six Southeast Asian countries which qualified for free COVAX shots—Cambodia, Indonesia, Laos, the Philippines, Timor-Leste and Vietnam (the AMC6)—received 16 million doses in the first half of 2021. In the second half, they received 128 million doses from COVAX, 80.9 per cent of which were earmarked donations. Despite making up 7 per cent of the world population, the AMC6 collectively accounted for 24.3 per cent of all earmarked dose donations (and 25 per cent of the United States’ total dose donations) to COVAX in 2021. The AMC6 greatly benefitted from COVAX’s pivot to dose donations. This demonstrated the region’s strategic salience to Washington and its allies, but came at the expense of vaccine equity, which the region has prudential reasons to care about. The execution of COVAX hammers home the hard truth that multilateral governance is a difficult act to pull off even with the best intentions and is not impervious to the geopolitical interests and agendas of the major powers.

Author : Francis E Hutchinson,Siwage Dharma Negara
Publisher : ISEAS-Yusof Ishak Institute
Page : 466 pages
File Size : 49,7 Mb
Release : 2021-07-22
Category : Business & Economics
ISBN : 9789814951067

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The Riau Islands by Francis E Hutchinson,Siwage Dharma Negara Pdf

To Singapore’s immediate south, Indonesia’s Riau Islands has a population of 2 million and a land area of 8,200 sq kilometers scattered across some 2,000 islands. The better-known islands include Batam, the province’s economic motor; Bintan, the area’s cultural heartland and site of the provincial capital, Tanjungpinang; and Karimun, a ship-building hub strategically located near the Straits of Malacca. Leveraging on its proximity to Singapore, the Riau Islands—and particularly Batam—has been a key part of Indonesia’s strategy to develop its manufacturing sector since the 1990s. In addition to generating a large number of formal sector jobs and earning foreign exchange, this reorientation opened the way for a number of far-reaching political and social developments. Key among them has been: large-scale migration from other parts of the country; the secession of the Riau Islands from the larger Riau Province; and the creation of a new provincial government. Building on earlier work by the ISEAS – Yusof Ishak Institute on the SIJORI Cross-Border Region, spanning Singapore, the Malaysian state of Johor, and the Riau Islands, and a second volume looking specifically at Johor, the third volume in this series explores the key challenges facing this fledgling Indonesian province.

Author : Hal Hill,Siwage Dharma Negara
Publisher : ISEAS-Yusof Ishak Institute
Page : 472 pages
File Size : 40,9 Mb
Release : 2019-03-06
Category : Business & Economics
ISBN : 9789814843065

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The Indonesian Economy in Transition by Hal Hill,Siwage Dharma Negara Pdf

By any indicator, Indonesia, the fourth most populous nation on earth, is a development success story. Yet 20 years after a deep economic and political crisis, it is still in some respects an economy in transition. The country recovered from the 1997–98 crisis and navigated the path from authoritarian to democratic rule surprisingly quickly and smoothly. It survived the 2008–09 global financial crisis and the end of the China-driven commodity super boom in 2014 with little difficulty. It is now embarking on its fifth round of credible national elections in the democratic era. It is in the process of graduating to the upper middle-income ranks. But, as the 25 contributors to this comprehensive and compelling volume document, Indonesia also faces many daunting challenges — how to achieve faster economic growth along with more attention to environment sustainability, how to achieve more equitable development outcomes, how to develop and nurture stronger institutional foundations, and much else. “This is a timely and much-needed book. There are very few recent books on Indonesia with such a comprehensive analysis of not just mainstream economic policies, but also most importantly the key issues of human capital, inequality, social welfare, labour, food security and natural resource management. This book will not only be crucial for policy discourse but for all stakeholders who care about Indonesia making the transition not only to a high-income economy, but an inclusive one.” — Mari Pangestu, Faculty of Economics and Business, University of Indonesia “The Indonesian Economy in Transition: Policy Challenges in the Jokowi Era and Beyond is one of the most important books that discusses the Indonesian economy post–Asian Financial Crisis. A must-read for anyone who wants to understand contemporary Indonesian economy.” — M. Chatib Basri, former Minister of Finance of Indonesia

Author : Shahid Yusuf
Publisher : World Bank Publications
Page : 317 pages
File Size : 41,5 Mb
Release : 1999
Category : Business & Economics
ISBN : 9780195211245

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Entering the 21st Century by Shahid Yusuf Pdf

Known as the standard reference for international economic data, the twenty-second annual edition of the World Development Report provides a set of Selected World Development Indicators as an appendix, presenting social and economic statistics for more than 200 countries.

Author : Asian Development Bank
Publisher : Asian Development Bank
Page : 242 pages
File Size : 53,6 Mb
Release : 2020-03-01
Category : Political Science
ISBN : 9789292620400

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Innovate Indonesia by Asian Development Bank Pdf

New technologies present governments with opportunities and challenges in a range of key policy areas such as employment, competitiveness, equity, and sustainability. A consensus is that the national government can play an important role in stimulating innovation. This report explores policy options to facilitate Indonesia's technological transformation and unlock its economic growth potential.

Author : Siwage Dharma Negara,Leo Suryadinata
Publisher : ISEAS-Yusof Ishak Institute
Page : 41 pages
File Size : 55,7 Mb
Release : 2018-06-18
Category : Business & Economics
ISBN : 9789814818599

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Indonesia and China’s Belt and Road Initiatives by Siwage Dharma Negara,Leo Suryadinata Pdf

For Indonesia, which is keen to accelerate its infrastructure development, Belt and Road Initiative (BRI) is seen as an opportunity to tap into China’s huge financial resources and technological capability. There has however been no concrete BRI project agreed to between China and Indonesia so far. While China considers all projects, including infrastructure projects and economic interactions as part of BRI, Indonesia only considers those infrastructure projects initiated during the Xi Jinping period as BRI projects. Indonesia has offered several broad areas for cooperation under the BRI framework and carefully selected project locations to minimize political risk for the Joko Widodo government. But no agreements have been signed yet as China requires detailed project proposals from Indonesia, which it has apparently not received. What appears to hamper progress are four key issues: the perception of China’s economic domination, the ethnic Chinese issue, the Natuna issue, and the mainland Chinese workers issue.

Author : Hazik Mohamed,Hassnian Ali
Publisher : Walter de Gruyter GmbH & Co KG
Page : 266 pages
File Size : 42,5 Mb
Release : 2022-09-06
Category : Business & Economics
ISBN : 9783110745146

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Blockchain, Fintech, and Islamic Finance by Hazik Mohamed,Hassnian Ali Pdf

Following the success of the first edition that brought attention to the digital revolution in Islamic financial services, comes this revised and updated second edition of Blockchain, Fintech and Islamic Finance. The authors reiterate the potential of digital disruption to shrink the role and relevance of today’s banks, while simultaneously creating better, faster, cheaper services that will be an essential part of everyday life. Digital transformation will also offer the ability to create new ways to better comply to Islamic values in order to rebuild trust and confidence in the current financial system. In this new edition, they explore current concepts of decentralized finance (DeFi), distributed intelligence, stablecoins, and the integration of AI, blockchain, data analytics and IoT devices for a holistic solution to ensure technology adoption in a prudent and sustainable manner. The book discusses crucial innovation, structural and institutional developments for financial technologies including two fast-growing trends that merge and complement each other: tokenization, where all illiquid assets in the world, from private equity to real estate and luxury goods, become liquid and can be traded more efficiently, and second, the rise of a new tokenized economy where inevitably new rules and ways to enforce them will develop to fully unleash their capabilities. These complementary and oft-correlated trends will complete the decentralization of finance and will influence the way future financial services will be implemented. This book provides insights into the shift in processes, as well as the challenges that need to be overcome for practical applications for AI and blockchain and how to approach such innovations. It also covers new technological risks that are the consequence of utilizing frontier technologies such as AI, blockchain and IoT. Industry leaders, Islamic finance professionals, along with students and academics in the fields of Islamic finance and economics will benefit immensely from this book.

Author : Ulla Fionna,Siwage Dharma Negara,Deasy Simandjuntak
Publisher : ISEAS-Yusof Ishak Institute
Page : 272 pages
File Size : 40,8 Mb
Release : 2018-06-29
Category : Political Science
ISBN : 9789814786706

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Aspirations with Limitations by Ulla Fionna,Siwage Dharma Negara,Deasy Simandjuntak Pdf

As the first directly elected Indonesian president, Susilo Bambang Yudhoyono (SBY) served at a crucial juncture in Indonesia’s history. Succeeding the three short presidencies of BJ Habibie, Abdurrahman Wahid and Megawati Sukarnoputri, his presidency had a lot to prove. While critical assessment of SBY’s domestic policies have been undertaken, less attention has been paid to his foreign policy. This volume seeks to fill this gap by examining key foreign policy issues during SBY’s tenure, including bilateral relations, Indonesia’s involvement in international organizations, and pivotal issues such as international labour and terrorism. The book provides an assessment of the direction of his foreign policy and management style, paying particular attention to his concerns over Indonesia’s territorial integrity and sovereignty, the significance of international institutions, and Indonesia’s right to lead.

Author : OECD
Publisher : OECD Publishing
Page : 252 pages
File Size : 53,6 Mb
Release : 2017-04-25
Category : Electronic
ISBN : 9789264270879

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Fostering Innovation in the Public Sector by OECD Pdf

Public sector innovation does not happen by itself: problems need to be identified, and ideas translated into projects that can be tested, implemented and shared. This report looks at how governments can create an environment that fosters innovation.

Author : Asli Demirguc-Kunt,Leora Klapper,Dorothe Singer,Saniya Ansar
Publisher : World Bank Publications
Page : 148 pages
File Size : 47,6 Mb
Release : 2018-04-19
Category : Business & Economics
ISBN : 9781464812682

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The Global Findex Database 2017 by Asli Demirguc-Kunt,Leora Klapper,Dorothe Singer,Saniya Ansar Pdf

In 2011 the World Bank—with funding from the Bill and Melinda Gates Foundation—launched the Global Findex database, the world's most comprehensive data set on how adults save, borrow, make payments, and manage risk. Drawing on survey data collected in collaboration with Gallup, Inc., the Global Findex database covers more than 140 economies around the world. The initial survey round was followed by a second one in 2014 and by a third in 2017. Compiled using nationally representative surveys of more than 150,000 adults age 15 and above in over 140 economies, The Global Findex Database 2017: Measuring Financial Inclusion and the Fintech Revolution includes updated indicators on access to and use of formal and informal financial services. It has additional data on the use of financial technology (or fintech), including the use of mobile phones and the Internet to conduct financial transactions. The data reveal opportunities to expand access to financial services among people who do not have an account—the unbanked—as well as to promote greater use of digital financial services among those who do have an account. The Global Findex database has become a mainstay of global efforts to promote financial inclusion. In addition to being widely cited by scholars and development practitioners, Global Findex data are used to track progress toward the World Bank goal of Universal Financial Access by 2020 and the United Nations Sustainable Development Goals. The database, the full text of the report, and the underlying country-level data for all figures—along with the questionnaire, the survey methodology, and other relevant materials—are available at www.worldbank.org/globalfindex.

Author : World Bank Group
Publisher : World Bank Publications
Page : 376 pages
File Size : 41,6 Mb
Release : 2016-01-14
Category : Business & Economics
ISBN : 9781464806728

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World Development Report 2016 by World Bank Group Pdf

Digital technologies are spreading rapidly, but digital dividends--the broader benefits of faster growth, more jobs, and better services--are not. If more than 40 percent of adults in East Africa pay their utility bills using a mobile phone, why can’t others around the world do the same? If 8 million entrepreneurs in China--one third of them women--can use an e-commerce platform to export goods to 120 countries, why can’t entrepreneurs elsewhere achieve the same global reach? And if India can provide unique digital identification to 1 billion people in five years, and thereby reduce corruption by billions of dollars, why can’t other countries replicate its success? Indeed, what’s holding back countries from realizing the profound and transformational effects that digital technologies are supposed to deliver? Two main reasons. First, nearly 60 percent of the world’s population are still offline and can’t participate in the digital economy in any meaningful way. Second, and more important, the benefits of digital technologies can be offset by growing risks. Startups can disrupt incumbents, but not when vested interests and regulatory uncertainty obstruct competition and the entry of new firms. Employment opportunities may be greater, but not when the labor market is polarized. The internet can be a platform for universal empowerment, but not when it becomes a tool for state control and elite capture. The World Development Report 2016 shows that while the digital revolution has forged ahead, its 'analog complements'--the regulations that promote entry and competition, the skills that enable workers to access and then leverage the new economy, and the institutions that are accountable to citizens--have not kept pace. And when these analog complements to digital investments are absent, the development impact can be disappointing. What, then, should countries do? They should formulate digital development strategies that are much broader than current information and communication technology (ICT) strategies. They should create a policy and institutional environment for technology that fosters the greatest benefits. In short, they need to build a strong analog foundation to deliver digital dividends to everyone, everywhere.

Author : Buckler, Carolee,Creech, Heather
Publisher : UNESCO
Page : 198 pages
File Size : 54,7 Mb
Release : 2014-11-10
Category : Environmental education
ISBN : 9789231000539

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Shaping the future we want by Buckler, Carolee,Creech, Heather Pdf