Financial Apps Research Articles

Utilization of Mobile Based ICT Tools by the Dairy Farmers of Satara and Pune Districts of Maharashtra

This cross-sectional study was conducted to explore the extent of use of mobile based ICT tools by dairy farmers and constraints faced by them while its use. Respondents were randomly selected from two districts of western Maharashtra namely Satara and Pune and study was undertaken during June – November, 2020. A total of 120 respondents (60 each from Satara and Pune districts) were randomly selected and interviewed with the help of structured schedule. Analysis of data was done and frequency and percentage were calculated accordingly. Almost all the variables studied like age group (68.32%), family size (39.17%), land holding (48.33%), herd size (45.00%), experience (69.17%), social participation (75.84%), extension contacts (70.00%) and knowledge level (72.50%) could be grouped under medium level. Dairy farmers were mostly aware about voice calls (90.83%), whatsapp (82.50%) and financial apps for e-transaction (65%). However, they were totally unaware about use of Twitter, Skype, Instagram, Bluetooth and GIS applications. Similarly, most of the respondents never used video calls (73.34%), SMS facility (70.84%), and mobile for taking photographs (64.16%) related to dairy farming. Whats app found to be used on daily basis, and mobile based ICT tools were used primarily for social purposes with less involvement for its use in order to improve dairy farming activities. Major constraints faced by dairy farmers were unavailability of relevant information in local language, lack of reliable, useful and location specific contents, lack of repairing services and centers in the village. Based on the observations, it is concluded that actual utilization of mobile based ITC tools by dairy farmers is poor in terms of its use for the purpose of dairy related activities. There is need to popularized use of mobile based ICT tools and impart competence and skills in its use among the dairy farmers.

The Rising of Fintech - How the Tech Revolution in Financial Services Represents A Paradigm Shift

Finance is a field that shapes human relations not only from a purely economic point of view, but also has a strong influence on social structure, community development, prosperity, political or international interaction, which is even more relevant in a hyper-globalized world. The transformations began with the rising of the internet some decades ago and accelerated due to recent changes, such as increased computing power, the usage of financial apps etc. The scope of this paper is to present a short literature overview about the disruption brought in the finance sector by the recent technology developments. In addition to understand that technology is synonymous with innovation this paper shows examples of innovation drivers (including products and services). Finally, this paper highlights the long-term impact on social and geopolitical grounds with shifting power equilibriums, like the loosing banking monopoly of finances in favour of tech giants GAFA (Google, Amazon, Facebook, Apple) or the recent announcements of global and official cryptocurrencies, e.g. LIBRA by Facebook or CBDC (Central Banks Digital Currencies) from China government. The main findings of this paper are that FinTech has the chance to revolutionize the financial sector because it is more than just payment, new players (BigTech) could enter into the traditional banking sector and rise a new form of competition and FinTech has social impact on financial inclusion and financial literacy. Keywords: Technology, Management, FinTech, Tech Innovation, Financial Technology

Web-based Design of Financial Apps: Case of Kosan 54

Financial Management is the process of financial planning in budgeting, auditing, management, control, deposit funds that are held for effective and efficient financial decisions.. As the existing financial management processes in boarding house number 54 (Kosan 54) is still manual, it is prone to mistakes during the recording and making their own bills and financial statements, along with the process of bill payment by the boarding members. Therefore, a system that can perform data processing in an integrated and well computerized system using a WEB-based system is urgently needed. The designed system is a WEB-based Financial Management Application. To build the application, a software such as MySQL database is needed, as well as using the PHP programming language. This finance management application then will be of great help in the planning of appropriate financial income and expenses incurred.

PoPL: Proof-of-Presence and Locality, or How to Secure Financial Transactions on Your Smartphone

The security of financial apps on smartphones is threatened by a class of advanced and persistent malware that can bypass all existing security measures. Strong cryptography and trusted on-chip hardware modules are powerless against sophisticated attacks that supplant device owners through device input record/replay functionality, effectively hijacking their credentials, privileges, and actions. In this paper, we introduce Proof-of-Presence and Locality (PoPL), a new security measure that tackles this threat by leveraging sensors to prove the physical presence of device owners and therefore discriminate between malware-initiated transaction requests and legitimate ones. Moreover, PoPL neither imposes the expense of additional hardware nor compromises app usability. In order to demonstrate PoPL’s practicality, we developed PoPLar, a challenge puzzle implementation of the PoPL concept that ensures usability even on limited screen sizes by the use of a dendrogram. We have made it available as an open-source library ready to be integrated with minimal effort with existing apps. We demonstrate PoPLar’s effectiveness and ease of integration through case studies involving apps from the three top cryptocurrency exchanges and an open-source crypto wallet.

An Empirical Investigation of the Antecedents and Consequences of Privacy Uncertainty in the Context of Mobile Apps

When using mobile apps that extensively collect user information, privacy uncertainty, which is consumers’ difficulty in assessing the privacy of the data they entrust to others, is a major concern. Using a simulated app-buying experiment, we find that privacy uncertainty, which is mainly driven by uncertainty about what data are collected and how they are used and protected, is indeed a significant influencer of one’s intentions to use a mobile app and the perceived risk associated with that use, as well as the price a potential consumer is willing to pay for an app. Our results further show that the uncertainty concerning the data collected while using a mobile app drives consumers’ decisions more than the uncertainty regarding data that are collected at the time an app is downloaded. To investigate whether privacy uncertainty continues to be a factor after a consumer has already started using an app, we conducted a survey of users of wellness and personal finance apps. The results indicate that privacy uncertainty is a lingering concern because it continues to influence a user’s intention to continue using an app and the perceived risk associated with that continued use.

User Perceptions of the Security of Mobile Applications

With the exponential increase in the use of mobile devices across the globe, there is a concomitant need to understand how mobile users perceive the security of mobile application, and the potential risks involved in accessing and downloading them. Such an understanding will enable users to ensure the apps they download are secure and create greater awareness in the marketplace of the presence of hackers and malware used to invade the privacy and personal details of smartphones users. Research on the perception of users' mobile security is very limited and needs further investigation. This study aims to identify how mobile users perceive the security of different mobile apps and the extent to which different apps affect such perceptions. This study also investigates mobile user preferences for the places where they can access apps and their perceptions of risk at marketplaces vs. websites. This study is based on a qualitative research in which interviews were conducted with 32 university students. The study found that mobile users do not feel secure when installing mobile apps, and that concerns about hacking personal and private information are pervasive. Users expressed more security concerns regarding entertainment apps such as games and communication rather than financial apps, such as banking. The study also found that users prefer installing apps from app stores. The findings of this research contribute a greater understanding of how mobile users perceive mobile app security and offers insights that will help developers adjust their security policies to ensure users' security. The study also presents theoretical and empirical contributions, along with limitations and suggestions for further work.

Analisis kebutuhan SI dengan pendekatan value chain

SMK (Vocational High School) Negeri 5 Mataram is a school based on arts and culture. This school has some Information System (IS) that applied to the educational system, e.g, electronic report features of learning result (E-Rapor) and website.
 In its implementation, the IS was unable to support schools to provide the newest information due to the large amounts of data management, the data waos changed routinely and repetitive, it often created difficulties to provide information, especially because of the academic data activity is still using a manual processing system.
 Based on those problems above, the needs analysis of IS was conducted using value chain method. This method used to construct and formulates some strategies that possible to apply. The result, there were seven new application portfolios, i.e PSB Online, Financial Apps, Inventory Apps, E-Locker, E-Library, E-Learning, and Academic Information System. And two applications had improved, School Website and E-Report.

A Security Framework for Mobile Application Systems: Case of Android Applications.

Smartphones have become a major part of human’s life. And also it has been seen that new mobile applications are built day by day. Currently mobile applications are playing major role in many areas such as banking, social networking, financial apps, entertainment and many more. With this increasing number of applications, security is an important issue. The growth of android market has increased security risk and thus focus should be given to the security. Security is the biggest issue in the field of mobile technology. Therefore, mobile applications need to be assessed and ensure that secure coding practices have been followed during development. Mobile application security breach can lead to fraudulent transactions through mobile applications, confidentiality and revenue loss through communications services misuse. Data that is shared on an unsecured channel is vulnerable to attacks and to stop unauthorized access to this data, there is need to encrypt the data before it is sent to the server. In this research work, different cryptographic algorithms for encrypting data and secure data sharing in mobile applications across communications channels were examined. Simulation methodology was used to investigate a suitable cryptographic algorithm and to design a security framework for mobile applications to solve mobile application security problems. The proposed framework employs the use of Advanced Encryption Standard (AES) algorithm for encrypting meter readings data being exchanged between a smart phone and the server. The results obtained from the simulation of the security framework, showed that the four fields namely: Account number, image path, meter number and phone number on which AES encryption was applied were in an unreadable format (ciphertext), implying that the fields have been successfully encrypted. This solution allows application users to transfer (upload readings) data between a smart phone and database server in a secure manner without facing the problem of data attack. Data being uploaded to the server is encrypted before it is transferred and decrypted once it reaches the server side. This solution addresses android application security in the application and network communications layers and data transmission. The research paper ensures information security is guaranteed between an organisation and its customers.

The Effect of Human Resource Competency and Implementation of SIMDA on the Quality of Financial Statement at BPKAD Office of Gorontalo City

This empirical study was intended to analyze, measure, and discuss the effect of human resource competency and the implementation of regional financial management information system on the quality of financial statement at BPKAD office of Gorontalo City.. Based on the initial study and research problem, hence the research used a quantitative approach and supported by ex post facto method. The technique of data analysis employed multiple regression. The findings of this study include: first, there has been a significant effect of human resource competency on the quality of financial statement at BPKAD office of Gorontalo City. Second, there has been an important effect of the Implementation of Regional Financial Management Information System on the quality of financial statement at BPKAD office of Gorontalo City. Third, there has been a contribution of the effect of human resource competency and Implementation of Regional Financial Management Information System simultaneously on the quality of financial statement at BPKAD office of Gorontalo City. Based on the previous conclusions, it is recommended: 1) To improve the human resource competency in regard of the use of regional financial management apps through training and advanced technical guidance activities, 2) To make an effective use of regional financial apps in various institutionsin Gorontalo City government, 3) that further research should examine the effect of other factors on the quality of financial statement.

THE EFFECT OF E-SERVICE QUALITY ON E-LOYALTY THROUGH E-SATISFACTION ON STUDENTS OF OVO APPLICATION USERS AT THE FACULTY OF ECONOMICS AND BUSINESS, UNIVERSITY OF NORTH SUMATRA, INDONESIA

E-payment is a payment method that uses internet services as an intermediary. Currently, there are many startups that facilitate the sellers and buyers by guaranteeing the security of transactions through the digitization system. Parties involved in the transaction process can transfer and receive money from other parties anytime and anywhere. One method of e-payment is the OVO application which is a smart financial apps, this application attempts to accommodate various needs related to cashless and mobile payment. The population in this study was students of the Faculty of Economics and Business, University of North Sumatra who were still active, who used an unknown number of OVO applications. The questionnaire was distributed to 97 respondents who became the study sample. This study uses path analysis with the help of the SPSS program. The results of this study are that e-service quality has a positive and significant effect on e-loyalty, e-service quality has a positive and significant effect on e-satisfaction, e-satisfaction has a positive and significant effect on e-loyalty, and e-service quality has a positive and indirectly effect towards e-loyalty through e-satisfaction. Article visualizations:

Can gamification improve financial behavior? The moderating role of app expertise

PurposeThe purpose of this paper is to explore potential benefits of gamification (application of game-playing elements) for financial well-being and motivation to save.Design/methodology/approachA preliminary survey of college students explored how gamification principles incorporated into money-savings/personal finance smartphone apps could improve financial well-being. The main study utilized Mechanical Turk participants, exposing them to financial game app descriptions that emphasized social features (e.g. leaderboards and ability to share achievements) or economic features (e.g. ability to earn real money or a higher interest rate). Objective and subjective financial measures including expertise with financial apps, perceived benefits of financial apps and behavioral intentions were examined.FindingsFinancial worry, financial literacy, subjective knowledge and expertise with money-savings/financial applications predicted financial well-being. Additionally, consumers varied in their preferences for certain financial game app features based on past financial app experience. Those who already used a financial app tend to exhibit higher subjective (though not objective) knowledge, and want both “social” and “economic” features of financial applications, whereas those with no experience are more motivated by economic features.Practical implicationsThese results could be used to guide game designers regarding which features may be more attractive to consumers depending on their prior expertise with financial smartphone applications. Financial services marketing would benefit from further research into whether smartphone financial applications that emphasize social features have benefits for consumers’ motivation and financial well-being.Originality/valueExamining college students about to enter the real world and the general population, this project contributes to research to improve understanding of financial well-being by examining how already having a financial gamification application impacts perceptions of knowledge and expertise, as well as intentions to save given a more socially focused vs economically focused savings app. Additional research needs to further explore gamification as an experimental intervention to ultimately improve both subjective financial well-being and objective financial behaviors, especially for consumers with lower expertise and high risk of financial vulnerability.

App service: How do consumers perceive the quality of financial service apps on smart devices?

Apps on smart devices such as phones and tablets have enabled financial services firms not only to provide greater convenience and flexibility to customers, but also to get them to do a lot of the work entailed in these services. This has changed the character of service in many ways, including the nature of service quality where service is no longer delivered by people, but by means of technology. The study reported here used an amended version of the SERVQUAL instrument to assess consumers’ perception of the quality of the service delivered by the apps of their financial services providers. Three dimensions of app service quality emerge: reliability, personal and visibles. Generally, consumers are reasonable satisfied with the quality of service provided by their financial apps and prefer them to visits to service providers physical locations and rate them as highly as online service provision on PCs or laptops. Limitations are acknowledged, managerial implications drawn and avenues for future research are identified.

Influence of Demonetisation on Unorganised Retailers

Demonetization has impacted the retail industry due to a liquidity crunch. As the Indian retail industry generates a lot of cash transactions, a reduction in sales will continue in the short-term, i.e. one-two quarters. This impact is being felt largely by small traders and the unorganised retailing segment prevalent on many high streets across the country, as compared to the organised retailing and malls. India has amongst the highest level of currencies in circulation at 12.1% of GDP. Cash on hand is an estimated at around 3.2% of household assets, higher than investment in equities, or roughly around $220 billion. Of this cash, 87% is in the form of Rs 500 and Rs 1,000 notes or roughly Rs 14 lakh crore ($190 billion). A significant portion of the household cash on hand is generated by economic transactions that are not reported to tax authorities or generated through corruption. Scrapping the higher denomination money would either result in these being brought into the system or the money just disappearing. The current study is on the influence of demonetisation on unorganised retailers in pathanamthitta district of Kerala.20 traders and 100 customers were chosen for the study. Data was collected with the help of interview schedule. Data was collected during the month of December 2016. Data was analysed with the help of statistical package. Results of the study reveal that small unorganised retailers were severely hit by the demonetisation. Most of the customers are not using the financial apps because they don’t know how to use it.

모바일 앱 개인정보 침해현황 및 대응방안 (금융, 안드로이드 운영체제 중심으로)

모바일 앱 개인정보 침해현황 및 대응방안 (금융, 안드로이드 운영체제 중심으로)

Information flows and smart disclosure of financial data: A framework for identifying challenges of cross boundary information sharing

The governance of financial markets in the U.S. is structured around financial products which in some cases results in overlapping regulatory responsibility, intricate and complicated relationships among the various parties and role confusion. These intricate relationships are often complicated by informal and ad-hoc information sharing practices across the regulators. This situation has been recognized as contributing to financial market risks and limiting the potential of smart disclosure policies to benefit financial market stakeholders. This paper adapts an existing framework for information sharing and integration to the complex environment of financial market regulation (FMR) to present an argument for the criticality of effective cross-boundary information sharing to financial regulators seeking to establish robust governance of financial markets. The framework is then used to outline the challenges to information sharing and integration in FMR and to help model the related information flows. Current literature and a recent study of information sharing in FMR are used to identify key actors in FMR information sharing relationships to outline the challenges faced in this unique context and the resulting risk if these challenges go unaddressed. In addition, this paper showcases an example of smart financial apps to illustrate the potential impact of information sharing and integration challenges on smart disclosure policies.