Financial technology is a type of financial innovation that incorporates technology. Ideally, a composite indices-based measure can be used to track the flow of financial transactions. Indonesia does not have a financial technology index because there is no adequate weighing and the data is time-series data. The purpose of this study is to create a financial technology index in Indonesia and to analyze the contribution of index forming indicators. The research uses Generalized Dynamic Principal Component Analysis (GDPCA) method to provide the weight of each indicator. The highest weighting and contribution is made by the variable lender account accumulation and several fintech actors.
Aini, Nur and Nasrudin
"A Financial Technology Index for Indonesia 2017 - 2020,"
Bulletin of Monetary Economics and Banking: Vol. 26:
3, Article 5.
Available at: https://bulletin.bmeb-bi.org/bmeb/vol26/iss3/5
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Politeknik Statistika STIS