INDONESIAN FINANCIAL AUTHORITY’S IMPACT ON FINTECH FIRMS (CASE STUDY ON AKULAKU COMPANY 2023-2024)
Keywords:
Financial Technology, Financial Performance, Company Performance, Financial SupervisionAbstract
This study examines how business activity restrictions imposed by the Indonesian Financial Services Authority affect the financial performance of fintech companies. These restrictions are intended to maintain the stability and health of the financial sector but may impact the operations and profitability of fintech companies. This study provides insights into how fintech companies can adapt to stricter regulations and how the Indonesian Financial Services Authority’s regulations can influence the dynamics of the fintech market. A quantitative method is used in this research by analyzing Akulaku’s financial ratios before and after the implementation of the Indonesian Financial Services Authority’s regulations. The results of the study indicate that the Financial Services Authority’s regulations affect Akulaku’s financial performance. Net income and operating profit are some of the financial performance indicators that declined after the business activity restrictions were implemented. However, the company also improved operational efficiency and risk control, demonstrating how the company responded to the regulations and enhanced long-term financial health. In conclusion, this study finds that the business activity restrictions imposed by the Indonesian Financial Services Authority significantly impact the financial performance of fintech companies, particularly Akulaku. The research results show that, although these regulations aim to maintain the stability and health of the financial sector, Akulaku’s net income and operating profit have declined since their implementation. Conversely, the business has improved operational efficiency and risk control, indicating good adaptation to the regulations and the potential for long-term financial health improvement. This study provides important insights into how fintech businesses can adapt to stricter regulations and how the Indonesian Financial Services Authority’s regulations affect the dynamics of the fintech market.
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