Start Date
10-12-2017 12:00 AM
Description
The proliferation of Fintech Ecosystems in underbanked societies is rapidly and profoundly disrupting conventional financial service systems. And yet, there remains a dearth of research on how these ecosystems may be developed, as well as the economic and social benefits that they can generate. Toward addressing this gap, this research-in-progress paper documents our ongoing work on a case study of the Fintech Ecosystem in Indonesia that is radically transforming the lives of the underbanked in the country. We will present a preliminary process model based on the data we have currently collected to reveal the key drivers, inhibitors, nature and outcomes of ecosystem development across three distinct phases. In doing so, we hope that our study will serve as a foundation for developing a holistic and empirically supported theoretical framework for Fintech Ecosystem Development, and provide academia and practice with insights into unlocking the revolutionary potential of the technology.
Recommended Citation
Muthukannan, Priyadharshini; Tan, Barney; Tan, Felix Ter Chian; and Leong, Carmen, "The Concentric Development of the Financial Technology (Fintech) Ecosystem in Indonesia" (2017). ICIS 2017 Proceedings. 5.
https://aisel.aisnet.org/icis2017/TransformingSociety/Presentations/5
The Concentric Development of the Financial Technology (Fintech) Ecosystem in Indonesia
The proliferation of Fintech Ecosystems in underbanked societies is rapidly and profoundly disrupting conventional financial service systems. And yet, there remains a dearth of research on how these ecosystems may be developed, as well as the economic and social benefits that they can generate. Toward addressing this gap, this research-in-progress paper documents our ongoing work on a case study of the Fintech Ecosystem in Indonesia that is radically transforming the lives of the underbanked in the country. We will present a preliminary process model based on the data we have currently collected to reveal the key drivers, inhibitors, nature and outcomes of ecosystem development across three distinct phases. In doing so, we hope that our study will serve as a foundation for developing a holistic and empirically supported theoretical framework for Fintech Ecosystem Development, and provide academia and practice with insights into unlocking the revolutionary potential of the technology.