The Role of Digital Finance to Strengthen Financial Inclusion and the Growth of SME in Indonesia

At this era, innovation in technology is one of the key success factor for business to strengthen the maturity life of product life cycle, included financial industry. Nowadays the need for speed in delivery of product or services included in financial services especially Islamic Financial Services is very important. Indonesia which have the unique topography which consist of many islands need the speed of product or service delivery especially for the Small and Medium Enterprise (SME) financing which is the fundamental of economy in Indonesia. This paper have purpose to describes the role of Digital Finance to Strengthen Financial Inclusion and the Growth of SME in Indonesia.This paper uses qualitative method. The result of this research is describe the model of the role of Digital Finance to Strengthen Financial Inclusion and the Growth of SME in Indonesia.     Keywords: Digital Finance, Financial Inclusion, Growth of SME, Indonesia

Regulating for competition with BigTechs: banking-as-a-service and “beyond banking”

This paper analyses “banking-as-a-service” and “beyond banking”, two emerging bank competition strategies. These business models are argued to emulate the transaction-based inroads that BigTechs have made into finance. But they entail new risks that call for adequate regulatory responses along a dual track. First, it is argued that regulation of the disruptive competition model of BigTechs at the confluence of finance and technology requires new tools to coordinate the different regulatory policies involved (banking, payments, competition, data, digital) and a new approach to the treatment of mixed business conglomerates that consolidate multiple business lines and risks. Second, the reliance of “banking-as-a-service” on a quasi-renting-out of the banking licence to non-financial companies as a way of obtaining a transactional base poses moral hazard and model risks that require specific treatments not unlike the originate-to-distribute business model did. The prospects for success of the pure version of the “beyond banking” model, where banks become sponsors of full-fledged platforms, are assessed as dim, but hybrid versions still entail new risks

Regulating for competition with BigTechs: banking-as-a-service and “beyond banking”

En este artículo se analizan dos estrategias novedosas de competencia en el sector bancario: la banca como servicio (banking-as-a-service) y la prestación de servicios más allá de la banca (beyond banking). Se argumenta que estos modelos de negocio emulan la penetración de las BigTech en la prestación de servicios financieros con el trasfondo de su actividad comercial. Pero estos modelos conllevan nuevos riesgos, que requieren respuestas regulatorias adecuadas en una doble vía. En primer lugar, se afirma que la regulación del modelo de competencia disruptivo de las BigTech —en la confluencia de los servicios financieros y la tecnología— precisa de instrumentos de coordinación novedosos entre las distintas áreas de política regulatoria involucradas (banca, pagos, competencia, tecnología digital y datos), así como de una nueva perspectiva sobre el tratamiento de los conglomerados mixtos que consolidan múltiples líneas de negocio y riesgos. En segundo lugar, el hecho de que la «banca como servicio» se base en un pseudo-leasing de la licencia bancaria a empresas no financieras, al objeto de ganar una base transaccional, plantea riesgos morales y de modelo que exigen tratamientos específicos, no muy diferentes de los aplicados al modelo de «originar para distribuir». Las perspectivas de éxito del modelo beyond banking son poco alentadoras en su versión extrema, en la que las entidades de crédito pasan a ser patrocinadoras de plataformas en toda regla, mientras que las versiones híbridas siguen conllevando nuevos riesgos.This paper analyses “banking-as-a-service” and “beyond banking”, two emerging bank competition strategies. These business models are argued to emulate the transaction-based inroads that BigTechs have made into finance. But they entail new risks that call for adequate regulatory responses along a dual track. First, it is argued that regulation of the disruptive competition model of BigTechs at the confluence of finance and technology requires new tools to coordinate the different regulatory policies involved (banking, payments, competition, data, digital) and a new approach to the treatment of mixed business conglomerates that consolidate multiple business lines and risks. Second, the reliance of “banking-as-a-service” on a quasi-renting-out of the banking licence to non-financial companies as a way of obtaining a transactional base poses moral hazard and model risks that require specific treatments not unlike the originate-to-distribute business model did. The prospects for success of the pure version of the “beyond banking” model, where banks become sponsors of full-fledged platforms, are assessed as dim, but hybrid versions still entail new risks

Contribución a la estimulación del uso de soluciones Cloud Computing: Diseño de un intermediador de servicios Cloud para fomentar el uso de ecosistemas distribuidos digitales confiables, interoperables y de acuerdo a la legalidad. Aplicación en entornos multi-cloud.

184 p.El objetivo del trabajo de investigación presentado en esta tesis es facilitar a los desarrolladores y operadores de aplicaciones desplegadas en múltiples Nubes el descubrimiento y la gestión de los diferentes servicios de Computación, soportando su reutilización y combinación, para generar una red de servicios interoperables, que cumplen con las leyes y cuyos acuerdos de nivel de servicio pueden ser evaluados de manera continua. Una de las contribuciones de esta tesis es el diseño y desarrollo de un bróker de servicios de Computación llamado ACSmI (Advanced Cloud Services meta-Intermediator). ACSmI permite evaluar el cumplimiento de los acuerdos de nivel de servicio incluyendo la legislación. ACSmI también proporciona una capa de abstracción intermedia para los servicios de Computación donde los desarrolladores pueden acceder fácilmente a un catálogo de servicios acreditados y compatibles con los requisitos no funcionales establecidos.Además, este trabajo de investigación propone la caracterización de las aplicaciones nativas multiNube y el concepto de "DevOps extendido" especialmente pensado para este tipo de aplicaciones. El concepto "DevOps extendido" pretende resolver algunos de los problemas actuales del diseño, desarrollo, implementación y adaptación de aplicaciones multiNube, proporcionando un enfoque DevOps novedoso y extendido para la adaptación de las prácticas actuales de DevOps al paradigma multiNube

Peer-to –Peer Financing for Development: Regulating the Intermediaries

Private actors channel capital to inhabitants of developing countries through a growing variety of intermediaries. Some of those intermediaries operate much like conventional charities, some operate more like for-profit financial institutions, yet others combine features of these models. The last category is growing fast. It also holds the promise of integrating foreign aid and private development finance to bring diversification opportunities for investors, new funding for development, and creative ways to improve development outcomes. Considering the potential reach of such hybrid finance, determining the appropriate regulatory framework for it is an important challenge, which joins policy debates about regulating financial innovation, consumer financial protection, and revitalizing foreign assistance after the global economic crisis. This paper takes up that challenge by canvassing the regulatory frameworks currently applied to charities, banks and investment intermediaries; identifying the problems with the regulatory discontinuities created by the status quo; and suggesting reforms

Peer-to –Peer Financing for Development: Regulating the Intermediaries

Private actors channel capital to inhabitants of developing countries through a growing variety of intermediaries. Some of those intermediaries operate much like conventional charities, some operate more like for-profit financial institutions, yet others combine features of these models. The last category is growing fast. It also holds the promise of integrating foreign aid and private development finance to bring diversification opportunities for investors, new funding for development, and creative ways to improve development outcomes. Considering the potential reach of such hybrid finance, determining the appropriate regulatory framework for it is an important challenge, which joins policy debates about regulating financial innovation, consumer financial protection, and revitalizing foreign assistance after the global economic crisis. This paper takes up that challenge by canvassing the regulatory frameworks currently applied to charities, banks and investment intermediaries; identifying the problems with the regulatory discontinuities created by the status quo; and suggesting reforms