Financial Service System Research Articles

Penerapan Metode Technology Acceptance Model (TAM) Dalam Penggunaan Aplikasi Linkaja

Financial technology is a financial service where the government and the public really expect its usefulness to increase users of the financial service system, for example the LinkAja application. LinkAja is an e-wallet or digital wallet application that allows users to make non-cash transactions, such as offline shopping or other offline transactions. Based on feedback data in several digital service stalls, the LinkAja application is known to have a lot of negative perceptions about its usefulness and there are also many who have difficulty operating the application, including the Telkom Institute of Technology Purwokerto (ITTP). The purpose of this study is to see the acceptance of the LinkAja application at the Telkom Institute of Technology Purwokerto with the Technology Acceptance Model (TAM) method from indicators of perceived usefulness, ease of use, behavioral interest in using, and actual system use. To obtain data when compiling this final project, the data collection instruments used were observation and distributing questionnaires using statistical data processing software (SPSS). In this study, it was found that the direct influence with the highest level of significance value was perceived usefulness on actual system use of 0.582 > 0.05 and the most dominant indirect effect or with the highest total value, namely perceived ease of use on Actual System Use. through behavioral intention to use with a total of 0.39

Dalian Free Trade Zone Financial Services for High Quality Development of Real Economy

Finance is the bloodline of the real economy, serving the real economy is the vocation of finance, is the purpose of finance, is also one of the important tools to improve the quality of the development of the real economy, how to make finance better serve the development of the real economy is the main line of research in this paper. This paper takes the current situation of the development of financial services for the real economy in the Dalian Free Trade Zone as the starting point, analyzes the problems of the financial services system in the Free Trade Zone in depth, and proposes corresponding strategies to improve the financial services system from financial services, financial technology and green finance, so that the financial services in the Free Trade Zone can better serve the high-quality development of the real economy.

A Sensor-Based IoT Data Collection and Marine Economy Collaborative Innovation Method.

Traditional marine pastures have made great contributions to human beings, but traditional marine pastures have also caused major harm to the marine natural environment. Modern technology represented by artificial intelligence has broad application prospects and significant potential and has the ability to innovate and enhance the conventional marine ranching business that is currently in recession. The particularity of China's marine ranching industry determines the combination of technologies such as underwater robots and the Internet of Things with the development of marine ranching to create a sustainable intelligent marine ranching industry in China. The growth of China's national economy is largely influenced by the development of the country's financial services industry. In order to better support the development of the real economy, it is necessary to establish a financial service system with controllable risks and complementary activities. This paper proposes to use the method of Internet of Things data collection combined with sensors to conduct economic analysis. By taking a number of data in recent years for research and analysis, the results show that financial service industry innovation has become an important part of improving the competitiveness of the industry and an important driving force for economic growth. The Internet of Things (IoT) business in China is a fast-growing industry with huge potential. From the perspective of international comparison, our country is currently in the early stage of the development of the Internet of Things, and a certain technology, industry, and application foundation has been established in the early stage of development. In the financial services business, the visual tracking provided by IoT technology has innovative potential. Introducing IoT technology into financial service business and identifying the driving force and process of financial innovation have practical significance for accelerating financial innovation.

Akibat Hukum dari Keterlambatan Pembayaran Spaylater bagi Pengguna E-Commerce Shopee

Spaylater is a feature in Shopee's E-Commerce that is used as a payment method that provides loan funds for its users to make transactions on Shopee's E-Commerce. In using the spaylater feature, terms and conditions must be met. However, users often ignore these terms and conditions, resulting in legal consequences. Based on this phenomenon, this study reviews the legal arrangements regarding spammers in Shopee's E-Commerce and reveals the legal consequences that arise if Shopee's E-Commerce users delay in paying the spamer. The type of research used in this research is normative legal research through statutory and conceptual approaches, the data used are primary and secondary legal materials obtained through library research techniques. Furthermore, the data that has been collected is processed and analyzed descriptively qualitatively. The results of the study indicate that the legal arrangement that regulates the spaylater in Shopee's E-Commerce is the Agreement as regulated in Article 1313 of the Civil Code. The legal consequences that arise if a Shopee E-Commerce user delays the payment, namely the user's Shopee account will be frozen by Shopee, the user will receive consequences in the form of field billing and the user's personal data is then recorded in the financial information service system which can prevent users from getting financing from Banks and other companies.

A Study on the Performance Evaluation System of Microfinance Companies Under Dual Objectives

Microfinance companies are the result of China’s rural financial reform. Since their creation, they have been undertaking the responsibility of effectively allocating financial resources and guiding the flow of funds to rural areas and underdeveloped areas through the introduction of private capital. The emergence of microfinance companies has intensified the competition in rural financial market and built a new pattern of rural financial service systems. As a result driven by multiple objectives, these microfinance companies must face the issue of how to integrate microfinance services for the “three rurals” (rural economy, rural community, and rural residents) as well as small, medium, and micro enterprises with their own finances in a sustainable and effective manner. On the basis of dual objectives and with full consideration of the characteristics of China’s microfinance companies, this study has constructed a performance evaluation system exclusively for commercial microfinance companies in China by drawing on the performance evaluation system of foreign micro-credit institutions through analytic hierarchy process and Delphi method.

The Strategy of How to Deeply Integrate Technology and Finance in the Internet Environment.

To solve some problems existing in the mechanism of the combination of science and technology and finance, this study studies the deep integration of science and technology and finance combined with the Internet. At present, there are many problems in the development of science and technology finance in terms of bank credit, capital market, service system, and risk supervision. To solve these problems, we need to innovate bank credit products and service modes, expand the breadth and depth of capital market services, establish a new science and technology financial service system, improve science and technology financial supervision regulations and means, and comprehensively promote the deep integration of science and technology and finance in the new era. Based on this, this study first expounds on the importance of the deep integration of science and technology and finance, comprehensively analyzes the problems existing in the deep integration of science and technology and finance, and finally puts forward the construction strategy of science and technology and finance integration platform. In the development of market economy, the deep integration of science and technology and finance and the development of platform model effectively improve the innovation ability of science and technology enterprises. The research shows that the high integration of science and technology and finance is the inevitable trend of the future development of the economic market. Therefore, enterprises need to constantly improve their financial operation ability, pay attention to the ways and means of the development of science and technology finance, strengthen the construction of their own platform, improve their operation ability, and improve their development status, so that enterprises can obtain a higher position in the market competition and achieve the purpose of sustainable development.

Modeling the Impacts of Venture Capital Investment on Firm Innovation

Taking firms listed on the Chinese Growth Enterprise Market (GEM) in 2008–2017 as the sample, this study investigates the impact of venture capital (VC) investment on Chinese firm innovation using propensity score matching and a difference-in-differences (PSM-DID) model. The results show that, overall, firms’ innovation inputs and outputs do not show obvious enhancement due to VC entry, but instead show a strong and then weak inhibitory effect. VCs have heterogeneous impacts on firm innovation; that is, compared to other types of firms, firms with technology-dependent characteristics and firms whose actual controllers are experts in the same industry can effectively mitigate the adverse impact of VC on innovation inputs and gradually promote growth in the quantity and quality of the innovation outputs after the second year of VC entry. This study not only reveals the impact of VC on firm innovation activities in the Chinese capital market but also provides empirical evidence to help improve the financial innovation service system and the use of the capital market to promote innovation in China.

Research on the Operation Mode of Financing Warehouse with the Participation of the Fourth Party Logistics

Rongtongcang is a new modern innovative service mode of logistics and finance integration. The logistics service involved in its operation mode can be used to supervise the current assets on behalf of banks. Its core is the financial service system, which can provide financing and related multi logistics supporting services for enterprises. At the present stage of development, the operation mode of enterprise financing warehouse is mostly adapted to the third party logistics. With the development of society, the growth of economy and the progress of the times, the problems and contradictions in the operation mode of enterprise financing warehouse with the participation of the third party logistics are gradually emerging. This paper is mainly based on the fourth party logistics to participate in the financing warehouse operation mode to conduct in-depth research, exploration and analysis.

Can Supply Chain Finance Improve the Innovation Level of Enterprises

Supply chain finance, as a supplement and expansion to the existing business model, can better realize the transformation from emphasizing the established resource capacity to continuously expanding flexibly according to the environment. With the expansion of supply chain finance market, whether and how supply chain finance can exert the expected economic effect and promote the high-quality development of real economy has gradually attracted the attention of the theoretical circle. However, most of the existing researches on supply chain finance are based on financial orientation or supply chain orientation. Most of the existing research focuses on the business model, financing constraints, value creation, financial risk prevention and control, and other topics of supply chain finance. However, to some extent, it ignores the unity of the financial attribute and the supply chain attribute of supply chain finance; at the same time, it lacks attention to the core enterprise as the key participant. As an innovative financial model, the relationship between supply chain finance and core enterprise innovation has not been paid much attention by scholars. Therefore, can the core enterprise realize the unification of “financial attribute” and “supply chain attribute” of supply chain finance in the innovation process and improve the innovation level?In order to explain the above problems, we empirically examine the impact of supply chain finance on core enterprise innovation and the internal mechanism. In addition, we further examine the different influences of core enterprises’ service scope and supply chain finance capability on innovation. Finally, we examine the economic consequences of supply-chain finance in promoting enterprise innovation. We find that supply chain finance can significantly improve the technological innovation level of core enterprises, and the improvement effect is more obvious in the two-way supply chain finance group and the high supply chain finance capability group. The improvement effect of supply chain finance on technological innovation is significant in the high financing constraint group and the low supply chain relationship group, but not significant in the low financing constraint group and the high supply chain relationship group, which supports the financing effect hypothesis and the relation effect hypothesis. The economic consequence test shows that supply chain finance can not only improve the competitiveness of product market and the value of enterprises, but also improve the performance of supply chain.The academic value of this paper is mainly reflected in three aspects: Firstly, it expands the research boundary of the economic consequences of supply chain finance, and enriches the empirical research of supply chain finance. Secondly, we consider the different influences of supply chain finance service scope and supply chain finance capability on innovation, and deepen the understanding of different economic consequences of supply chain finance. Finally, the conclusion provides decision-making reference for enterprises to actively expand supply chain finance business to improve the level of innovation. It provides theoretical guidance for the government to use supply chain finance to optimize the financial service system and serve the real economy.

HOW DOES INTERNET FINANCE INFLUENCE THE MONETARY POLICY? EVIDENCE FROM CHINA

Chinese banks have gradually expanded their financial services into overseas financial services and financial trade transactions. The financial services system is becoming more and more humanized and intelligent with the global economy's rapid development and progress. It improves the quality of banks' financial services and plays a vital role in its financial system construction and financial product innovation. As an internal driving force for the development of the financial industry, financial innovation has a vast and extensive impact on the economy. Because of the importance of monetary policy on national macroeconomic regulation and control, it is of great practical significance to study the impact of financial innovation on monetary policy effectiveness. This paper has conducted an in-depth analysis of the core concepts of internet finance, and suggestions and policy implications are given to improve China's monetary policy's effectiveness.Keywords: financial products, service innovation, monetary policy, effectiveness analysisJEL Classifications: G29, G14DOI: https://doi.org/10.32479/ijefi.11007

Research on Intelligent Financial Customer Service System of Colleges and Universities in the Era of Artificial Intelligence

The informatization of the University Finance Office is developing rapidly, but still faces problems such as difficulty in consulting and inquiry. Teachers and students are often confused by the minor differences in numerous financial documents, so it is advisable to introduce intelligent financial customer service. This article endeavours to design an intelligent financial customer service system with artificial intelligence technology, which can provide college teachers and students with automatic, real-time and all-round intelligent customer service experience.

Research on Rural Financial Problems based on Demand, Dilemma and Guarantee Countermeasures in China

The rural financial service system gives full play to the functions of clearing payment and settlement, providing price information and incentive, accumulating capital and managing risks under the condition of market economy. However, it still faces the problems of financial ecological environment, financial supervision and internal structure of rural financial institutions. From the perspective of security and development, the development of rural finance must improve the diversified rural financial ecological subjects, improve the legal and credit environment of rural finance, perfect and innovate the rural financial system, and promote the development of rural intermediary service agencies. We must constantly update the rural financial supervision concept, innovate the rural financial supervision model, improve the rural financial supervision laws and regulations, and improve the rural financial supervision methods.

Research on the risk assessment of Internet finance loans for small and microenterprises based on the logistic-BP combined model: empirical data from China

Small and microenterprises are an important part of the national economy. Because of their small disposable assets, low degree of regularization, incomplete and discontinuous information management and financial information, low stability of production, and lack of mortgage assets that banks are willing to accept, these enterprises represent a high-risk part of the financial service system. Therefore, the risk assessment of Internet financial loans for small and microenterprises has become an important issue and requires serious study. This paper constructs an index system for the risk assessment of Internet financial loans for small and microenterprises and proposes a logistic-BP combined model, which is applied to 1389 sample Internet financial loans of small and microenterprises. After deleting data observations with default values, the remaining 1326 sets of sample data include 1248 low-risk samples and 78 high-risk samples. The risk assessment and testing are carried out for enterprises in three stages: germination stage, growth stage and mature stage. Comparison of the results of the logistic-BP combined model and single BP neural network model shows that the combined model has high accuracy and provides a reference for the risk assessment of Internet financial loans for small and microenterprises.

Fintech: Research Directions to Explore the Digital Transformation of Financial Service Systems

Purpose – The purpose of this paper is to delineate a research agenda to guide future service research investigating the digital transformation of financial service systems through Fintech – disruptive innovations by new market entrants that challenge the position of mainstream financial institutions. Design/methodology/approach – Rooted in the philosophical foundations of “use-inspired research,” this paper addresses the managerially and societally relevant phenomenon of Fintech by identifying, and responding to, the individual challenges and problems associated with the digital transformation of financial services. This is accomplished through a computational text-mining approach to analyze the corpus of 1,545 published practitioner articles associated with Fintech, identification of managerial challenges therein and subsequent delineation of a novel research agenda. Findings – By connecting managerial challenges relating to Fintech with the service literature, this paper develops a use-inspired research agenda that provides scholarly and managerially relevant research directions (RDs). These pertain to the complexity of digital financial service systems (micro level), orchestration of value co-creation with Fintech (meso level), and the development of elastic infrastructures, models and markets (macro level). Research limitations/implications – Fintech is an emerging phenomenon associated with the digital transformation of financial services. However, actual guidelines on how service research related to Fintech could be advanced from a theoretically as well as managerially relevant angle are unavailable to date. Here, the authors address this challenge and provide the field with 18 tangible RDs to advance service theory and practice. Practical implications – The purpose of this paper is to guide future academic research addressing managerial challenges associated with Fintech and the digital transformation of financial service. Due to the explicit use-inspired nature of the work, the future research stemming from the agenda that the authors put forward here will be of benefit to decision makers and society more broadly. Originality/value – This empirical research contributes to the discourse regarding the role of information and communication technologies in service in general, and the digital transformation on financial services in particular. The in-depth computational text-mining analysis is unbiased, replicable and provides the foundation for a use-inspired research agenda that is subsequently delineated.

Fintech: research directions to explore the digital transformation of financial service systems

PurposeThe purpose of this paper is to delineate a research agenda to guide future service research investigating the digital transformation of financial service systems through Fintech – disruptive innovations by new market entrants that challenge the position of mainstream financial institutions.Design/methodology/approachRooted in the philosophical foundations of “use-inspired research,” this paper addresses the managerially and societally relevant phenomenon of Fintech by identifying, and responding to, the individual challenges and problems associated with the digital transformation of financial services. This is accomplished through a computational text-mining approach to analyze the corpus of 1,545 published practitioner articles associated with Fintech, identification of managerial challenges therein and subsequent delineation of a novel research agenda.FindingsBy connecting managerial challenges relating to Fintech with the service literature, this paper develops a use-inspired research agenda that provides scholarly and managerially relevant research directions (RDs). These pertain to the complexity of digital financial service systems (micro level), orchestration of value co-creation with Fintech (meso level), and the development of elastic infrastructures, models and markets (macro level).Research limitations/implicationsFintech is an emerging phenomenon associated with the digital transformation of financial services. However, actual guidelines on how service research related to Fintech could be advanced from a theoretically as well as managerially relevant angle are unavailable to date. Here, the authors address this challenge and provide the field with 18 tangible RDs to advance service theory and practice.Practical implicationsThe purpose of this paper is to guide future academic research addressing managerial challenges associated with Fintech and the digital transformation of financial service. Due to the explicit use-inspired nature of the work, the future research stemming from the agenda that the authors put forward here will be of benefit to decision makers and society more broadly.Originality/valueThis empirical research contributes to the discourse regarding the role of information and communication technologies in service in general, and the digital transformation on financial services in particular. The in-depth computational text-mining analysis is unbiased, replicable and provides the foundation for a use-inspired research agenda that is subsequently delineated.

Analisis Faktor-Faktor yang Memengaruhi Non Performing Financing di PT TAF dan Pengendaliannya

PT TAF is one of multifinance companies in Indonesia. The increase in low segment sales from 2013-2017 with a high credit amount led to an increase in the quality of PT TAF's receivables categorized as Non Performing Financing (NPF). This increase in NPF was also accompanied by an increase in PT TAF's net loss in 2017 and affected the company's profits. Therefore an analysis is needed to find out factors that influence the amount of credit and NPF, in order to formulate the strategy to manage it. This study uses secondary data of PT TAF debtors which related to the amount of credit, debtor delays and NPF from 2013 to 2017. The approach of this study is a case study in PT TAF about the level of NPF from 2013 -2017. The method used in this study is descriptive analysis and statistical tests. Multiple linear regression is performed to determine the factors that influence the amount of credit, while binary logistic regression is carried out to determine the factors that influence NPF. The results of the analysis will be used to formulate a strategy proposal for controlling NPF at PT TAF. Factors that significantly influence the amount of the credit are vehicle price, age, loan interest, installment amount, income, down payment, type of first installment, type of vehicle, education, gender, credit package, and credit tenor. The factors that influence NPF are the amount of credit, Loan to Value (LTV), the residence area of ​​the debtor and inflation. The proposed strategy formulations are: to consider factors which affecting amount of credit in granting credit, to increase the debtor portfolio with LTV less than or equal to 80 percent, avoid low down payment and long tenor products, strengthen collection organizational structures and increase team collection capabilities, and utilize the Financial Information Service System from OJK to obtain information about the debtors.

Rural Financial Information Service Platform Under Smart Financial Environment

The development and improvement of agricultural financial information service system is of great significance to the development of rural modernization, the improvement of rural comprehensive competitiveness and the construction of new socialist countryside. The construction of rural financial information service platform is directly related to the quality of rural financial information service, and directly affects the construction of new socialist countryside. In order to solve the problems of information collection, processing and integration of rural financial information service platform in China, the diversification, personalization, timeliness and accuracy of information demand are difficult to be met, and the organization and operation mode of the platform are not perfect. In this paper, based on the intelligent sensor, the whole digital transformation is realized through the reference of big data. Based on this, this paper establishes the research model of rural financial information service platform under the smart financial environment. From the current situation of the construction and application of rural financial information service platform in China, it studies the basic situation of the construction of rural financial information service platform in China from three aspects of functional scope, service mode and operation mode, and draws the improvement conclusion. The results show that the efficiency of rural financial information service is increased by 20% after using the improved method in this paper, which has certain use value.

Evaluation of insurance performance, productivity and efficiency-A comparative study

Productivity and efficiency are recognized as cornerstones of a country's financial health and symbol of progress, so there is an abundant focus on the issue by many industries including insurance. Insurance is an integral part of financial services system that needs to sustain by productivity and efficiency for the betterment of system, which is highly emphasized in the present competitive economy. Previously, insurance firms were assessing the productivity and efficiency using ratio analysis that could not make completeness. The present paper discusses on the Ratio Analysis, Index Numbers approach and Frontier Efficiency Methods (FEM) with regard to measuring insurance performance, productivity and efficiency with an upshot of Life Insurance Corporation of India (LICI) and State bank of India Life Insurance (SBILI) as case problem with a comparison.

Usługi finansowe a technologia blockchain – aktualne problemy oraz wyzwania podatkowe

Usługi finansowe wobec możliwości wykorzystania do płatności walut wirtualnych (przede wszystkim bitcoina), opartych na technologii blockchain, nabierają nowego wymiaru. Dokonywanie płatności bezpośrednich z użyciem kryptowalut kreuje zagadnienia istotne podatkowo, zarówno w zakresie samego pozyskiwania, jak i obrotu walutami wirtualnymi, w tym w szczególności wykorzystywania ich do realizacji funkcji płatniczej, ale także traktowania jako inwestycji lub przedmiotu działalności handlowej. Kwestie z tym związane generują liczne wyzwania podatkowe, zarówno w systemie podatków dochodowych, jak i podatków obrotowych oraz majątkowych. Tym wyzwaniom w zakresie podatkowych konsekwencji stosowania w systemie usług finansowych technologii blockchain dla płatności z użyciem kryptowalut poświęcono niniejszy artykuł.

Research on Financial Precision and Poverty Alleviation in Frontier Ethnic Areas

<p>Given multiple superimposed causes of poverty, the frontier ethnic regions have a larger number of poor people. Poverty levels of these regions are serious and poverty alleviation work is also difficult, which is a major difficulty of China's precise poverty alleviation. Targeted financial poverty alleviation is related to poverty alleviation and the rural financial system improvement under the circumstances that the effect of the traditional industry's poverty alleviation is slow, and ex situ poverty alleviation and relocation are not applicable. This article expounds suggestions on improving financial precision poverty alleviation in terms of improving the financial service system, innovating financial products, enhancing the awareness of integrity, strengthening the information construction of poverty alleviation, and promoting linkage mechanisms.</p>