Research Article
Analysis of Financial Technology Impact on Financial Stability in order to support the National Strategy for Financial Inclusion of ASEAN Countries
@INPROCEEDINGS{10.4108/eai.4-9-2024.2353814, author={Dian Fajarini and Nurbetty Herlina Sitorus and Emi Maimunah}, title={Analysis of Financial Technology Impact on Financial Stability in order to support the National Strategy for Financial Inclusion of ASEAN Countries}, proceedings={Proceedings of the 7th International Conference of Economics, Business, and Entrepreneurship, ICEBE 2024, 4-5 September 2024, Shah Alam, Selangor, Malaysia}, publisher={EAI}, proceedings_a={ICEBE}, year={2024}, month={12}, keywords={financial stability financial technology gdp per capita inflation}, doi={10.4108/eai.4-9-2024.2353814} }- Dian Fajarini
Nurbetty Herlina Sitorus
Emi Maimunah
Year: 2024
Analysis of Financial Technology Impact on Financial Stability in order to support the National Strategy for Financial Inclusion of ASEAN Countries
ICEBE
EAI
DOI: 10.4108/eai.4-9-2024.2353814
Abstract
FinTech has proven to not only facilitate the financial sector in recording and evaluating the financial data, but also provide easy access for customers. However, on the other hand, the presence of FinTech presents a dilemma related to the risks that may occur due to cybercrime practices. Due to the emergence of this debate, a study on the impact of FinTech on financial stability is important to discuss. This study uses panel data involving eight ASEAN countries for the period 2016 – 2020 using panel regression method. The dependent variable used to indicate financial stability is the banking z-score. The independent variables used include digital loan, digital capital, GDP per capita, and inflation. The results show that the digital loan variable has a negative and significant effect on the financial stability of countries in ASEAN. GDP as a macroeconomic indicator has a positive and significant effect on the financial stability of countries in ASEAN. Inflation and digital capital does not affect the financial stability of countries in ASEAN.
