Mercurius Broto Legowo, Steph Subanidja, Fangky Antoneus Sorongan


Financial Technology has long been applied to the financial and banking sectors until the emergence of financial technology innovation called FinTech. Referring to the evolution of FinTech until now, FinTech influences the Bank's activities from the past, present, and future. Based on these facts, this research aims to present a descriptive analysis of FinTech and Bank in the past, present, and future, especially in Indonesia as a case study.  This study uses a descriptive analysis research method and using qualitative method approaches. This descriptive analysis is carried out by critically reviewing various relevant scientific journals, the facts of the FinTech phenomenon in Indonesia, and documentation papers from banking institutions. The results of this analysis reveal what happened to FinTech and the Bank in the past, present, and future. The contributions from this study can provide insight and understanding related to FinTech and banks in the past, present, and future more in-depth.



Banks, FinTech, Past-Present-Future

Full Text:



Bank Indonesia. (2019). Indonesia Payment Systems Blueprint 2025 Bank Indonesia : Navigating the National Payment Systems in the Digital Era. Retrieved from Presentation.pdf

Baporikar, N. (2018). Drivers of Innovation. In Chapter 14 (pp. 250–268).

CNBC Indonesia. (2017). FinTech Business in Indonesia. In CNBC Indonesia Surveys. Retrieved from

Dermine, J. (2017). Digital Disruption and Bank Lending. European Economy – Banks, Regulation, and the Real Sector, 3(2), 63–76. Retrieved from

Frame, W. S., Wall, L., & White, L. J. (2018). Technological Change and Financial Innovation in Banking: Some Implications for FinTech. ( and J. O. S. W. Allen Berger, Phillip Molyneux, Ed.) (3 rd Editi). New York, USA.

Gomber, P., Koch, J.-A., & Siering, M. (2017). Digital Finance And FinTech : Current Research And Future Research Directions. Journal of Business Economics, 87(5), 537–580.

Gomber, P., Parker, C., Kauffman, R. ., & Weber, B. (2018). 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. Journal of Management Information System, 1(January), 1–14.

Hamzaee, R. G., & Hughs, B. (2011). Modern Banking And Strategic Portfolio Management. Journal of Business & Economics Research (JBER), 4(11), 85–95.

IOSCO. (2017). IOSCO Research Report on Financial Technologies (Fintech). International Organization of Securities Commissions. Retrieved from

Jakšič, M., & Marinč, M. (2019). The Future of Banking: The Role of Information Technology. International Journal of Scientific and Technology Research, 8(6), 305–308.

Kim, Y., Ju Park, Y., Choi, J., & Yeon, J. (2016). The Adoption of Mobile Payment Services for “ Fintech .” International Journal of Applied Engineering Research., 11(2), 1058–1061.

Legowo, M. B., Subanija, S., & Sorongan, F. A. (2020). Role of FinTech Mechanism to Technological Innovation : A Conceptual Framework. International Journal of Innovative Science and Research Technology, 5(5), 1–6.

Leong, K. (2018). FinTech (Financial Technology): What is It and How to Use Technologies to Create Business Value in Fintech Way? International Journal of Innovation, Management and Technology, 9(2), 74–78.

Loeb, S., Dynarski, S., McFarland, D., Morris, P., Reardon, S., & Reber, S. (2017). Descriptive Analysis in Education: A Guide for Researchers. U.S. Department of Education, Institute of Education Sciences. National Center for Education Evaluation and Regional Assistance. Institute of Education Science.

Mention, A. L. (2019). The Future of Fintech. Research Technology Management, 62(4), 59–63.

Minerva, R. (2016). The Potential Of The FinTech Industry To Support The Growth Of SMEs In Indonesia. MBA Degree Thesis.

Mishra, D. S. K. (2012). Virtual Banking: From Conventional to Competitive Approach. SSRN Electronic Journal, (August 2009).

Mutiara, U., Candanni, L. R., & Hasibuan, R. R. (2019). Construction of Financial Technology in Banking Systems in Indonesia. Jurnal Hukum NOVELTY, 10(02), 150–163.

OJK. (2017). Financial Technology ( FinTech ) in Indonesia. Paper FinTech-IBS.

Prabhavathi, K., & Dinesh, G. P. (2018). Banking: Definition and Evolution. International Journal of Scientific & Engineering Research, 9(8), 745–753.

Prawirasasra, K. P. (2018). Financial Technology in Indonesia : Disruptive or Collaborative ? Reports on Economics and Finance, 4(2), 83–90.

Rabhi, F. A. (2016). 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. Springer, Berlin, Heidelberg.

Startupranking. (2019). Startup Ranking Countries. Retrieved from

Stulz, R. M. (2019). FinTech, BigTech, and the Future of Banks. Journal of Applied Corporate Finance, 31(4), 86–97.

Teja, A. (2017). Indonesian Fintech Business : New Innovations or Foster and Collaborate in Business Ecosystems ? Literature Study and Hypothesis Development. The Asian Journal of Technology Management, 10(1), 10–18.

Thakor, A. V. (2019). Fintech and Banking: What do we know ? Journal of Financial Intermediation, 1(January), 1–13.

Trębacz, T. (2019). FinTech as an innovative banking sector, 122(February), 83–95.

WEF. (2015). World Economic Forum-The Future of Financial Services. World Economic Forum.

Wulan, V. R. (2017). Financial Technology ( FinTech ) A New Transsaction In Future. Journal of Electrical Engineering and Computer Sciences, 2(1), 177–182.

Zavolokina, L., Dolata, M., & Schwabe, G. (2016). FinTech – What’s in a Name ? Thirty Seventh International Conference on Information Systems Proceeding, 1–19.


 dipublikasikan oleh LPPM Universitas Bina Sarana Informatika Jakarta

Jl. Kramat Raya No.98, Kwitang, Kec. Senen, Kota Jakarta Pusat, DKI Jakarta 10450
Creative Commons License
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License