BD307 – Financial Technology Ganjil 25/26

Assignment Week 1

Silahkan ikuti intruksi di bawah ini:

1. Mengikuti perkuliahan BD307 di Zoom maupun Offline pada Alphabet Incubator

2. Wajib mengikuti Zoom Sharing SantAll #212 bysl.pw/SharingSantAll-212

3. Membaca Materi BD307 – Business Financial Technology yang telah diberikan pada email masing-masing dan mengerjakan Modul bagian 1 (Modul 1)

Bukti:

1. Sudah

2. Sudah

3. Sudah

Module 1: Introduction to Fintech

This module provides a foundational understanding of what fintech is, its historical roots, and the primary drivers of its recent growth. It introduces the learner to the key sectors within fintech and frames the overall scope of the course, setting the stage for a deeper dive into specific technologies and applications.

Suggested Materials:

“The Fintech Book” by Susanne Chishti and Janos Barberis (Chapters 1-3).

YouTube: “What is Fintech?” – a video from a reputable financial news source like Bloomberg or CNBC.

Online article: “A Brief History of Fintech” from a financial publication like Forbes.

Checklist of Questions:

What is the core definition of fintech, and how does it differ from traditional finance?

Identify and describe at least three key drivers of the recent fintech boom.

What are the main categories of fintech companies, and how do they differentiate th

emselves?

The question:

A. traditional: cash, either paper or coins, checks, or money orders

B.modern digital: e-wallet balances, debit/credit cards, Qris, online transfers, to crypto currency.

-media and infrastructure

A.traditional: there must be a physical, face-to-face meeting between the seller and the buyer, or a manual process at the bank.

-digital: can be online

B.traditional: slower used the latest calculations manual verification process.

E-Wallet Account Security Risk

-Account Credential Theft

Credentials such as passwords, PINs, or one-time codes (OTPs) can be stolen through phishing attacks, malware infections, or social engineering manipulation by cybercriminals

-Hacking

Brute-force attacks, man-in-the-middle interception, or attackers inserting themselves between two communicating parties and intercepting or manipulating data, or exploiting application software vulnerabilities can potentially gain access to user accounts.

-Physical Device/Mobile Phone Theft

If a mobile device is lost and not protected by a screen lock or biometric authentication, the e-wallet account is at risk of being accessed by unauthorized parties.

-Unauthorized Transactions or Fraud. This type of fraud can occur through fake links, forged QR codes, or fake apps that mimic official platforms

-Personal Data Leaks

Sensitive information, such as National Identification Numbers (NIK), telephone numbers, email addresses, and even account balances, is vulnerable to leaks due to negligence by service providers or users themselves.

-SIM Swap Fraud

Criminals can replace the victim’s SIM card with their own number, thereby controlling the OTP sent via SMS.

Mitigation and Prevention Methods

-Account and Device Protection

Implement a strong and unique password or PIN, and avoid reusing passwords from other platforms. Enable two-factor authentication (2FA) if available, and use biometric authentication such as fingerprint or facial recognition. Protect your mobile device screen with a PIN or password lock.

-Beware of Phishing and Fake Apps

Avoid clicking on suspicious links. Download apps only from official stores such as the Google Play Store or App Store. Verify the authenticity of the QR code before making a payment transaction.

-OTP and SIM Card Management

Never share your OTP or PIN with anyone. Immediately contact your mobile service provider if your SIM card suddenly becomes inactive, as this could indicate a SIM swap attack.

Access Monitoring and Restrictions

Enable notifications for every transaction. Set a balance limit or daily transaction limit to minimize potential losses in the event of a security breach

-Technical Updates and Security

Always update your digital wallet app to the latest version. Install antivirus or anti-malware software on your device. Use a secure internet network and avoid public Wi-Fi for sensitive transactions.

-Data Backup and Recovery

Save your e-wallet’s official customer service contact information for a quick response. Enable the “Find My Device” feature to enable remote data wiping if your device is lost.

1. Value Proposition

-Dana provides easy transactions to people who use the e-wallet (payments, transfers, top-ups, bills) that are fast and secure.

-Focus on a cashless society and financial inclusion in Indonesia.

2. Customer Segments

-Individuals: App users for daily transactions such as (paying for online shopping, phone credit, electricity bills)

-MSMEs: Easily accept digital or cashless payments

3. Distribution Channels

-Mobile applications (Android and iOS)

-Integration with e-commerce platforms such as Tokopedia, TIK ID, etc.

4. Revenue Sources

-Certain transaction fees, such as transfer fees exceeding the free quota.

-Fees from each merchant for each transaction.