Masno Marjohan, Hadi Supratikta, Endang Rusdiana, Abidin Candra Nurdin, Andreas Budi Cahyanto, Istiqomah Istiqomah, Vita Airlanggia
- Masno Marjohan: Universitas Pamulang
- Hadi Supratikta: Universitas Pamulang
- Endang Rusdiana: Universitas Pamulang
- Abidin Candra Nurdin: Universitas Pamulang
- Andreas Budi Cahyanto: Universitas Pamulang
- Istiqomah Istiqomah: Universitas Pamulang
- Vita Airlanggia: Universitas Pamulang
Abstract
This research analyzes the development of technology and innovation in the financial sector with a focus on digital transformation of the fintech industry in Indonesia. Using a qualitative approach with descriptive-explorative methods through documentary studies, this research examines scientific literature and regulatory documents from 2021-2025. The results show that fintech evolution has created three main categories: third-party payment systems, peer-to-peer lending, and crowdfunding that have successfully increased financial inclusion significantly. Implementation of supporting technologies such as blockchain, big data analytics, and artificial intelligence has optimized operational efficiency by reducing transaction costs and accelerating financial service processes. The regulatory framework through regulatory sandbox and OJK Regulation on Digital Financial Innovation has created a balance between encouraging innovation and protecting consumers. This transformation faces complex challenges including cybersecurity, digital divide, and market concentration risks. Positive impacts on consumer behavior show a structural shift from cash to digital payments accelerated by the COVID-19 pandemic. The research concludes that digital transformation of the financial sector represents a fundamental change that creates a more democratic, efficient, and inclusive financial ecosystem with promising prospects for future technology development.
Keywords
Financial Technology ; Digital Transformation ; Financial Inclusion ; Regulatory Sandbox ; Financial Innovation
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Article Information
This article has been peer-reviewed and published in the Jurnal EMT KITA. The content is available under the terms of the Creative Commons Attribution 4.0 International License.
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Issue: Vol. 9 No. 4 (2025)
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Section: Articles
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Published: October 1, 2025
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License: CC BY 4.0
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Copyright: © 2025 Authors
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DOI: 10.35870/emt.v9i4.4710
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Masno Marjohan
Universitas Pamulang, Kota Tangerang Selatan, Provinsi Banten, Indonesia.
Hadi Supratikta
Universitas Pamulang, Kota Tangerang Selatan, Provinsi Banten, Indonesia.
Endang Rusdiana
Universitas Pamulang, Kota Tangerang Selatan, Provinsi Banten, Indonesia.
Abidin Candra Nurdin
Universitas Pamulang, Kota Tangerang Selatan, Provinsi Banten, Indonesia.
Andreas Budi Cahyanto
Universitas Pamulang, Kota Tangerang Selatan, Provinsi Banten, Indonesia.
Istiqomah Istiqomah
Universitas Pamulang, Kota Tangerang Selatan, Provinsi Banten, Indonesia.
Vita Airlanggia
Universitas Pamulang, Kota Tangerang Selatan, Provinsi Banten, Indonesia.
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