Financial Technology Optimization in the Development of MSMEs with Spotlight Phenomenology

DOI

10.2991/aebmr.k.200127.027How to use a DOI?

Keywords

fintech, internet networks, informal business

Abstract

Utilization of information technology such as fintech (financial technology) and internet networks can help develop Micro-Small-Medium-sized enterprises (MSMEs) businesses. The purpose of this study to determine the role that is presented by fintech for informal businesses, namely MSMEs. Research data obtained through personal interviews with two informants. The selected informants were the MSME actors, who know the existence of fintech. The results showed that the existence of fintech can greatly facilitate business activities, with technologies such as applications used that can minimize errors in sales calculations and also save time. However, one informant still routinely records his daily sales transaction manually despite using a sophisticated application. Another informant interpreted fintech as something very helpful because he is no longer struggling to record daily transactions because all transactions have been recorded in the application that he uses.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Suhartono
AU  - M. Suwandi
AU  - A.Y.M. Bayan
AU  - A.L.K. Taufiq
PY  - 2020
DA  - 2020/01/31
TI  - Financial Technology Optimization in the Development of MSMEs with Spotlight Phenomenology
BT  - Proceedings of the 17 th International Symposium on Management (INSYMA 2020)
PB  - Atlantis Press
SP  - 134
EP  - 136
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200127.027
DO  - 10.2991/aebmr.k.200127.027
ID  - 2020
ER  -