– Digitalization and emerging technologies are changing the banking industry.
– API-based open banking, blockchain technology, and fintechs are transforming financial services.
– Digitalization improves financial inclusion, reduces costs, and encourages innovation.
– Adoption of blockchain technology is hindered by uncertainty and regulatory challenges.
– Banks need to adopt emerging technologies to remain competitive and ensure stability.

– “The Impact of Digitalization on the Indonesian Banking Industry”
– “Challenges and Opportunities of API-based Open Banking”
– “Exploring the Role of Blockchain Technology in Financial Stability”
– “The Rise of Fintechs, Bigtechs, and Telcos in the Banking Industry”
– “Benefits and Risks of Adopting Blockchain Technology in Banks”

– Paper reviews existing digital finance research and developments worldwide.
– Digital finance is important in modern finance and has various applications.
– International determinants of digital finance include efficiency, financial inclusion, and payments.
– Fintech and mobile money industries are major beneficiaries of digital finance investments.
– Future of digital finance is personalized financial products on a single platform.
– Areas for future research include regulation, security, bias, and risk management.

– Digitalization and technological change are challenging financial institutions.
– API-based open banking, blockchain technology, and fintechs are transforming the industry.
– Digitalization improves financial inclusion, reduces transaction costs, and promotes innovation.
– Adoption of blockchain technology is hindered by uncertainty and regulatory ambiguity.
– Traditional banks’ reluctance to adopt emerging technologies threatens their stability.

– The article explores the challenges and opportunities of digitalization in the banking industry.
– It discusses the impact of API-based open banking and blockchain technology.
– The adoption of emerging technologies can improve financial service delivery.
– However, there are challenges and uncertainties surrounding the adoption of blockchain technology.
– Traditional banks need to adapt to emerging technologies to stay competitive.
– The article highlights pathways to improve bank performance without compromising financial stability.

– Business model innovations transform products and services.
– Banks outsource low-value aspects of their value chain.
– Collaboration with technology companies in the development of financial products.
– APIs enhance exposure to data for quick development of new applications.
– Changing consumer behavior accelerates digital transformation in products and services.

– Contributes to the literature on the role of internet and digital technology in finance.
– Contributes to the financial innovation literature by showing the reliance on digital technology.
– Contributes to the digital finance literature by providing a futurist review and making predictions.

– Resistance to change from functions and divisions within the organization.
– Potential threats to core business data in open banking relationships.
– Risk of losing core banking services to Fintechs and big tech companies.
– Data security problems and risks associated with cryptocurrency and blockchain.
– Possibility of fraud and illicit activities on blockchain platforms.

– Expanding financial inclusion through branchless banking program in Indonesia.
– QRIS innovation facilitates payments linked to commercial bank accounts.
– Bank Indonesia regulation mandates the use of QRIS for financial payments.

– Conducted a search on Google Scholar search engine
– Reviewed studies in the post-2010 digital finance literature
– Summarized the findings of post-2010 digital finance research

– Digital finance is an important part of modern finance.
– Major applications of digital finance include Fintech, embedded finance, open banking, and decentralized finance.
– Digital finance can increase financial inclusion and expand financial services.
– Digital finance research is growing fast and relevant for policy and practice.
– Fintech and mobile money industries are the largest beneficiaries of investments in digital finance.
– The future of digital finance is to create a customizable and personalized digital platform.
– Areas for future research include regulatory adaptation, user information security, and algorithmic bias.

– Financial technology tools are crucial for efficient and effective financial services.
– Fintechs offer software solutions and IT services for business process improvement.
– Digitization and technology revolution pose strategic, operational, cyber, and compliance risks for banks.
– Banks are implementing account API aggregation platforms to standardize financial data.
– The cost of acquiring and maintaining digitization technology is a challenge for banks.
– Gradual adoption of digitization is recommended to mitigate disruptions and costs.
– Aggregation platforms allow banks to leverage data analytics for new services.
– Blockchain technology offers enhanced cybersecurity and operational efficiency for banks.
– Blockchain enables trackability of transactions and diversification of asset portfolios.

– The paper discusses the tokenization of various types of assets.
– It explores the concept of a tokenized capital markets trading platform.
– The paper emphasizes the benefits of tokenization, such as increased liquidity and fractional ownership.
– It highlights the potential for a more democratized global investment market.

– Digitalization and technology are changing the banking industry.
– New players like Fintechs, Telcos, and Bigtechs are entering the industry.
– Digitalization improves financial inclusion and reduces transaction costs.
– Banks need to adopt new technologies like Blockchain to stay competitive.
– Adoption of Blockchain can improve security and efficiency in financial services.
– Traditional banks risk losing their position if they don’t embrace emerging technologies.

– Digitalization revolutionizes financial services and empowers non-financial institutions.
– Adoption of Blockchain Technology (BCT) is hindered by uncertainty and failures.
– BCT adoption promises improved financial service delivery and operational efficiency.
– Traditional banks’ reluctance to adopt emerging technologies threatens their performance.
– Challenges and pathways to mitigate risks and improve bank performance.


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