Revolutionizing Indonesia's financial landscape: The impact of information technology on the growth of financial technology start-ups

Abstract

The revolutionary development of information technology has affected all aspects of human life, including finance, and has played a pivotal role in transforming financial transactions and creating new opportunities. This study aims to identify the revolutionary impact of information technology on the financial sector, especially in encouraging the birth of financial technology start-ups. The study was conducted qualitatively by collecting data from various relevant sources. The results of the study show that information technology has changed the way financial transactions are conducted, enabled the adoption of new financial innovations, and created new opportunities for financial technology start-ups in Indonesia. The increased accessibility, efficiency, and security provided by information technology have accelerated the growth of financial technology start-ups in Indonesia. The implication of this study is the need for support from the government and other stakeholders in creating a conducive environment for the growth of the financial technology sector in Indonesia.