Published February 20, 2023 | Version https://www.theijbmt.com/archive/0929/1617801791.pdf
Journal article Open

Investment Opportunity of Financial Technology

  • 1. Master of Science in Management, Department of Management, Faculty of Economics and Business, Airlangga University,

Description

FinTech is a new term combining finance and technology. The term did not exist until the end of 2014. Although there is agreement over what finance is, there is no agreed upon definition of technology. It changes with time. American sociologist Read Bain wrote in 1937 that technology includes all tools, machines, utensils, weapons, instruments, housing, clothing, communicating devices, and transporting devices and the skills by which we produce and use them. Scientist Ursula Franklin [1992] gave a different definition in 1989 and referred to technology as a “practice, the way we do things around here.” Rather than referring to the objects that people produce and use, scientists and engineers usually prefer to define technology as applied science. Still, there are other views, such as French philosopher Bernard Stiegler’s (1988) definition of technology as “the pursuit of life by means other than life” and as “organized inorganic matter.

Files

1617801791.pdf

Files (451.2 kB)

Name Size Download all
md5:6749165fdf61e9413436efac14e05de3
451.2 kB Preview Download

Additional details

References

  • Chaparro, F. "Hedge Funds are Cashing in on Bitcoin Mania—There are 50 Dedicated to Cryptocurrencies." http://www.businessinsider.sg/bitcoin-price-surge-leads- to-growth-in-hedge-funds2017-8/?r=US&IR=T
  • Franklin, U. The Real World of Technology. (CBC Massey lectures series.) Concord, ON: House of Anansi Press Lim- ited. 1992.
  • LEE, D.K.C. Handbook of Blockchain, Digital Finance and Inclusion, Volume 1: Cryptocurrency, FinTech, Insurtech, and Regulation. Cambridge, MA: Elsevier, Academic Press, 2017a
  • ——. Handbook of Blockchain, Digital Finance and Inclusion, Volume 2: ChinaTech, Mobile Security, and Distributed Ledger. Cambridge, MA: Elsevier, Academic Press, 2017b.
  • LEE, D.K.C., H. Smorenberg, M. Uitermarkt, and T. Wanders. "The Pursuit of Effective Pension Solutions." Pensions and Investments, 2017. http://www.pionline.com/ article/20170626/ONLINE/170629918/the-pursuit- of-effective-pension-solutions
  • LEE, D.K.C., and E.G.S. Teo. "Emergence of FinTech and the LASIC Principles." Journal of Financial Perspectives, Vol. 3, No. 3 (2015), pp. 24-36.