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 SantAII #212 bysl.pw/SharingSantAII-212
3. Membaca Materi BD307 – Business Financial Technology yang telah diberikan pada email masing-masing dan mengerjakan Modul bagian 1 (Modul 1)
Status: 100%
Keterangan: Saya sudah mengerjakan dengan baik dan benar
Bukti:
1. sudah
2. sudah
3.
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?
- Answer : Fintech or Financial Technology is an innovation in the financial services sector that integrates technology to provide financial services digitally and efficiently.Fintech leverages data analytics, artificial intelligence, and machine learning. Traditional finance, on the other hand, often rely on standardized services due to their larger customer base and legacy systems.
- Identify and describe at least three key drivers of the recent fintech boom.
- Answer : 1. Technological readiness & advancement : Internet connectivity is becoming more widespread and faster, with high smartphone penetration, enabling digital financial services to reach more people, even in remote areas. 2. Consumer demand & behavioral changes : Consumers desire convenience, speed, and a simple user experience. Many people prefer using financial apps, digital wallets, contactless payments, and services that can be accessed online. 3. Supportive regulatory & policy environment : Governments/regulators in many countries see fintech as a tool to increase financial inclusion, financial system efficiency, and encourage economic innovation, and then create regulations that allow fintech to grow, such as open banking regulations, PSD2 in Europe, digital payments regulations, fintech permits, and others.
- What are the main categories of fintech companies, and how do they differentiate themselves?
- Answer : 1. Payments and Money Transfers focuses on providing digital payment services, e-wallets, and local and international money transfers. 2. Lending and Financing focuses on channeling loans directly to consumers, often using a peer-to-peer approach. 3. Investment and Wealth Management focuses on providing easy access to investment products such as mutual funds and gold.