Materials on banking technology

E-CHANNEL E-channel banking services use electronic media such as SMS, telephone, internet, business internet, and mobile-ATM. With e-channels, we feel like ATMs are in our hands. In addition, many banks have built a layered security system that is already secure to protect e-channel transactions. To meet the needs of their customers to provide services through electronic media to carry out banking transactions other than those available at branch offices and ATMs, several banks seeking to become modern retail banks offer Electronic Channel services, also known as E-Banking. Since many banking transactions can be done easily and practically anywhere and at any time via electronic networks such as the Internet, customers no longer need to waste time on check-in at banks or ATMs. Banks, such as ATMs and Debit Cards, SMS Banking, Mobile Banking and Internet Banking offer e-channel services such as transfer between accounts, bill payments, balance checks, and pulse purchases. If asked to choose which e-channel I think is the most efficient, I'd choose Mobile Banking because I think more customers use internet quotas than pulses. It's clear that SMS Banking is not superior. Nowadays, mobile banking is used as a banking service outside the bank's offices. It allows customers to make transactions through their smartphones and helps them meet their daily financial needs. For customers who want to make transactions but are afraid to meet other people or get out of the house because of the Covid-19 virus, the presence of mobile banking is very helpful. This is especially true nowadays. Having mobile banking can help reduce the spread of the Covid-19 virus. Besides, mobile banking offers a lot of services. Besides, there are features that I think are very important and should be there at the moment. The feature is QRIS, known as Quick Response Code Indonesia, is a combination of various types of QR used by various payment system service providers. (PJSP). QRIS was developed by the industry in conjunction with Bank Indonesia as a payment system to make the transaction process with QR Code easier, faster, and safer. Currently, QRIS is very helpful as it does not need to carry a lot of cash when travelling. Besides, using QRIS is also more practical, especially during the current pandemic, which requires us to avoid physical contact with objects that are susceptible to the virus. Because it's more parktic and easy to use, I think echannel mobile banking is the best. Besides, mobile banking today has many very useful features, such as transfers, pulse content, digital wallet content, and more. These features allow us to transact without leaving the house because of the threat of exposure to the COVID-19 virus. FINTECH Fintech is a term that refers to the use of information technology to improve financial services. According to Pribadiono, Law, Esa, & West (2016), Fintech can be defined as innovation in the financial sector that uses technology or a combination of technology and financial features. Besides, Fintech can also be defined as innovation in the financial sector that uses technology. Fintech products are usually systems designed to carry out specific financial transactions. Financial services companies that use technology to accelerate and facilitate various aspects of financial services are known as fintech innovations. Along with the development of straups, fintech is becoming very popular. Besides, transactions are getting easier with fintech. Fintech consists of three categories: the first is a third-party payment system, or a third party. Examples include online-to-offline (O2O), mobile payment systems, and payment platforms that offer services such as bank payments and transfers. Real applications include Gopay, OVO, T-Cash, LinkAja, ShoopePay, Flip, and Peer- to-Peer lending. Applications like Cekaja, Cermati, KreditGogo, Modalku, Koinworks, Amartha, and Investree are examples. The third is fundraising. It's a kind of fintech that makes concepts or products like designs, programs, content, and creative works published publicly to attract public attention. In addition, entrepreneurs can use these applications to predict market demand and reduce their financial needs. Examples: Indiegogo, Booklet, Kichstarter. Undoubtedly, fintech has advantages, according to OJK. First, the fintech industry can help Indonesian people who cannot be served by the conventional financial industry because of strict regulations and restrictions on the traditional banking industry to serve the people in some regions. The second is to serve as an alternative financing for the conventional financial industry in a situation where society needs a more transparent and democratic financing alternative. QUICK RESPONSE CODE INDONESIA QRIS (Quick Response Code Indonesia) is a combination of various types of QR used by various organizers of Payment System Services (PJSP) at Bank Indonesia. QRIS was developed by the industry as a payment system to make transactions with QR Codes easier, faster, and safer. Undoubtedly, QRIS has some advantages called superior. The first is universal, which means QRIS can accept payments with any payment application that has a QR code, so the community only needs to have one payment application. The second is easy, which means the public and vendors are expected to be able to use QRIS easily. Merchants don't need to display a lot of QR codes. The third means that the public can use any QR payment account to make payments, and the seller must have at least one account to accept consumer payments. The fourth is direct, which means that QRIS payments can be processed directly, so that the respective users and sellers will be informed directly about their transactions. The first type of QRIS payment is the Presented Merchant Mode (MPM). This model is easy to use and practical. Since this type of QRIS does not require a special device to display the QR code, the QR sticker provided by PJSP to the seller is sufficient. The second is Dynamic Merchant Presented Mode (MPM). This type of QR code is issued through devices such as smartphones or EDC machines. The QR code displayed is not the same for each transaction. QRIS Dynamic MPM is suitable for with large transaction volumes or medium and large scale enterprises. Thirdly, Customer Presented Mode, this QRIS is more suitable for modern that require high transaction speeds, such as parking, transportation, and retail providers.