Model Mekanisme FinTech untuk Inovasi Teknologi pada Industri Keuangan dan Perbankan Indonesia


  • Mercurius Broto Legowo Perbanas Institute
  • Steph Subanidja Perbanas Institute
  • Fangky Antoneus Sorongan Perbanas Institute


FinTech, a word derived from a combination of "Financial" and "Technology”. Nowadays, this term refers to a new business in the Indonesian financial and banking industry, a technological innovation that is attracting public attention. The purpose of this study is to develop a FinTech mechanism model for technological innovation in the Indonesian Financial and Banking Industry. Problems arise in how to develop the FinTech mechanism model that influenced by business drivers factors, which in turn has an impact on technology innovations that developed. In this case study, the research used is mixed-method, which is a method that combines qualitative and quantitative methods. Qualitative research data were collected using the literature study, in-depth interviews, and Focus Group Discussions with related parties. Data survey using a questionnaire conducted for quantitative research, where the data was processed using smartPLS software. The results of this study produce a theoretical framework, which is the basis of the conceptual framework and empirical model of this research. The results of empirical tests on this model show that the FinTech mechanism has a role in mediating business drivers factors towards technology innovations developed in the Indonesian Financial and Banking Industry. The contribution of this research can provide insight and understanding for researchers and practitioners who want to develop business models related to FinTech in more depth.


P. Gomber, J.-A. Koch, and M. Siering, “Digital Finance And FinTech?: Current Research And Future Research Directions,” J. Bus. Econ., vol. 87, no. 5, pp. 537–580, 2017.

V. R. Wulan, “Financial Technology ( FinTech ) A New Transsaction In Future,” J. Electr. Eng. Comput. Sci., vol. 2, no. 1, pp. 177–182, 2017.

D. Varga, “FinTech, The New Era Of Financial Services,” Budapest Manag. Rev., vol. 11, no. 3, pp. 22–32, 2017.

A. Teja, “Indonesian Fintech Business?: New Innovations or Foster and Collaborate in Business Ecosystems?? Literature Study and Hypothesis Development,” Asian J. Technol. Manag., vol. 10, no. 1, pp. 10–18, 2017.

L. Zavolokina, M. Dolata, and G. Schwabe, “FinTech – What ’ s in a Name??,” Thirty Seventh Int. Conf. Inf. Syst. Proceeding, no. May 2018, pp. 1–19, 2016.

Y. Kim, Y. Ju Park, J. Choi, and J. Yeon, “The Adoption of Mobile Payment Services for ‘ Fintech ,’” Int. J. Appl. Eng. Res., vol. 11, no. 2, pp. 1058–1061, 2016.

R. Alt, R. Beck, and M. Smiths, “FinTech and the transformation of the financial industry FinTech and the transformation of the financial industry,” . Electron. Mark., no. August, pp. 2–10, 2018.

V. E. Erosa, “Online Money Flows?: Exploring the Nature of the Relation of Technology ’ s New Creature to Money Supply — A Suggested Conceptual Framework and Research Propositions,” Am. J. Ind. Bus. Manag., vol. 8, pp. 250–305, 2018.

O. Oshodin and S. Karanasios, “Is FinTech a Disruption or a New Eco-system?? An Exploratory Investigation of Banks ’ Response to FinTech in Australia,” Australas. Conf. Inf. Syst. Proceeding, pp. 1–11, 2017.

C. Lin and C. Jung, “Factors affecting the innovation in logistics information systems for logistics service providers in Taiwan,” J. Inf. Inf. Sci., vol. 27, no. 3, pp. 629–648, 2006.

S. Khazanchi et al, “Innovation-supportive culture?: The impact of organizational values on process innovation,” J. Oper. Manag., vol. 25, no. 4, pp. 871–884, 2007.

S. Saksonova and I. Kuzmina-Merlino, “Fintech as Financial Innovation – The Possibilities and Problems of Implementation,” Eur. Res. Stud. J., vol. XX, no. 3, pp. 961–973, 2017.

M. . Nur Fadilah, S. Abdul Wahab, A. Al-Mamun, A. S. Yacoob, N. K. Al Sami, and S. A. Fazal, “Defining the Concept of Innovation and Firm Innovativeness?: A Critical Analysis from Resorce-Based View Perspective Defining the Concept of Innovation and Firm Innovativeness?: A Critical Analysis from Resorce-Based View Perspective,” Int. J. Bus. Manag., vol. 11, no. 6, pp. 87–94, 2016.

L.Radu, “Investments in Technological Innovations?: A Literature Review of Organization Determinants,” Eur. Sci. J., no. February 2015, pp. 52–59., 2015.

I. Pollari, “The rise of fintech,” Finsia J. Appl. Financ., no. 3, pp. 15–21, 2016.

J. Creswell, Research Design John Creswell 2015, vol. 1. 2015.

S. Hussain, Z. Fangwei, A. F. Siddiqi, Z. Ali, and M. S. Shabbir, “Structural Equation Model for Evaluating Factors Affecting Quality of Social Infrastructure Projects,” Sustainability, vol. 10, pp. 1–25, 2018.

D. Adom, E. K. Hussein, and A.--agyem Joe, “Theoritical and Conceptual Framework: Mandatory Ingrredients Engineering,” Int. J. Sci. Res., vol. 7, no. 1, pp. 438–441, 2018.

R. Griffith and S. F. Austin, “Electronic Money and Monetary Policy,” Southwest. Econ. Proc., pp. 47–56, 2004.

B. Wernerfelt, “A Resource-Based View of the Firm?: Ten Years After,” Strateg. Manag. Journal, vol. 16, no. 3, pp. 171–174, 1995.

N. Melville and K. Kraemer, “Information Technology And Organizational Performance: An Integrative Model Of IT Business Value,” MIS Q, vol. 28, no. 2, pp. 283–322, 2004.

J. B. Barney, “The Resource-Based View of the,” J. Manage., vol. 27, no. January 2016, pp. 625–641, 2001.

E. . Rogers, “Diffusion of Innovation , 5 th ed ., Everett M . How does new innovation spread out??,” Free Press, no. 1995, pp. 0–2, 1995.

W. Pease and M. Rowe, “Diffusion of Innovation - the adoption of e- commerce by small to medium enterprises (SME ’s) - a comparative analysis,” Australas. J. Inf. Syst., vol. 13, no. 2005, pp. 287–294, 2011.

M. . Porter and V. . Millar, “How Information Gives You Competitive Advantage,” Harv. Bus. Rev., vol. July-Augus, no. 85415, pp. 1–6, 1985.

C. Fernandes, J. Ferreira, and M. Raposo, “Drivers to Firm innovation and Their Effects on Performance: An International Comparison,” Electron. Mark., vol. August 201, no. 46776, pp. 1–23, 2013.

F. A. Rabhi, “Building the Business Case for SOA?: A Study of the Business Drivers for Technology Infrastructure Supporting Financial Service Institutions,” in International Workshop on Enterprise Applications and Services in the Finance Industry, 2016, no. September.

P. Gomber and C. Parker, “On the Fintech Revolution?: Interpreting the Forces of Innovation , Disruption , and Transformation in Financial Services On the Fintech Revolution?: Interpreting the Forces of Innovation , Disruption and Transformation in Financial Services,” J. Manag. Inf. Syst., vol. 1, no. January, pp. 1–14, 2018.

N. Baporikar, “Drivers of Innovation,” in Chapter 14, no. January 2014, 2018, pp. 250–268.

P. Ralph, “Introducing an empirical model of design,” 6th Mediterr. Conf. Inf. Syst., no. December 2010, 2011.

S. Akter, J. D’Ambra, and P. Ray, “An evaluation of PLS based complex models?: the roles of power analysis , predictive relevance and GoF index,” in Proceedings of the 17th Americas Conference on Information Systems (AMCIS2011), 2011, pp. 1–7.

R. B. Johnson and A. J. Onwuegbuzie, “Toward a Definition of Mixed Methods Research,” J. Mix. Methods Res., vol. 1, no. 2, pp. 112–133, 2007.




How to Cite

Mercurius Broto Legowo, Steph Subanidja, & Fangky Antoneus Sorongan. (2020). Model Mekanisme FinTech untuk Inovasi Teknologi pada Industri Keuangan dan Perbankan Indonesia. Prosiding SISFOTEK, 4(1), 322 - 330. Retrieved from



2. Rekayasa Sistem Informasi