Financial Risk Management

Endah Suci Damayanti; Adler Haymans Manurung; Nera Marinda Machdar

doi:10.55927/fjsr.v2i7.5025

Authors

Endah Suci Damayanti Universitas Bhayangkara Jakarta Raya, Jakarta
Adler Haymans Manurung Universitas Bhayangkara Jakarta Raya, Jakarta, Indonesia
Nera Marinda Machdar Universitas Bhayangkara Jakarta Raya, Jakarta, Indonesia

DOI:

https://doi.org/10.55927/fjsr.v2i7.5025

Keywords:

Digitalization Risks, Data Security, Financial Transactions, Digitalization Services

Abstract

The purpose of this article is to describe the existing variables by providing a corroboration from the literature articles from the findings. The research method used is qualitative by graphically depicting sources from existing journals related to this article. The findings derived from these scientific articles then the findings or results are reinforcement for this scientific article with regard to the variables used. Financial risk management in the context of digitalization has an important role in increasing company value and meeting customer expectations. Through the implementation of an effective digital strategy, financial institutions can optimize financial services, improve customer data security, and provide a better experience for customers. The importance of service quality in the digitalization context was also revealed, where good service quality contributes to customer satisfaction and their loyalty to the company. However, it is important to remember that digitization also carries its own risks, such as data security and financial transactions

Downloads

Download data is not yet available.

References

Bahn, R. A., Yehya, A. A. K., & Zurayk, R. (2021). Digitalization for Sustainable Agri-Food Systems: Potential, Status, and Risks for the MENA Region. Sustainability 2021, 13, 3223. Agricultural Innovation and Sustainable …, 1–24. https://www.mdpi.com/2071-1050/13/6/3223/pdf?version=1615881707

Bodie, Z., Kane, A., & Marcus, A. (2013). Ebook: Essentials of investments: Global edition. McGraw Hill.

Brigham, E. F., & Ehrhardt, M. C. (2013). Financial Management: Theory & Practice (Book Only). Cengage Learning.

Bughin, J., Catlin, T., Hirt, M., & Willmott, P. (2018). Why digital strategies fail. McKinsey Quarterly, 1, 61–75.

Chiu, C., Chang, C., Cheng, H., & Fang, Y. (2009). Determinants of customer repurchase intention in online shopping. Online Information Review, 33(4), 761–784.

Eling, M., & Lehmann, M. (2018). The Impact of Digitalization on the Insurance Value Chain and the Insurability of Risks. Geneva Papers on Risk and Insurance: Issues and Practice, 43(3), 359–396. https://doi.org/10.1057/s41288-017-0073-0

Et. al., D. K. (2021). Efficient Encryption mechanism for financial transactions: Avoiding data loss and tackling collisions. Turkish Journal of Computer and Mathematics Education (TURCOMAT), 12(11), 1861–1872. https://doi.org/10.17762/turcomat.v12i11.6138

Gobble, M. A. M. (2018). Digitalization, Digitization, and Innovation. Research Technology Management, 61(4), 56–59. https://doi.org/10.1080/08956308.2018.1471280

Huang, Y., Xie, E., Li, Y., & Reddy, K. S. (2017). Does state ownership facilitate outward FDI of Chinese SOEs? Institutional development, market competition, and the logic of interdependence between governments and SOEs. International Business Review, 26(1), 176–188. https://doi.org/10.1016/j.ibusrev.2016.06.005

Ilkevich, S. V., Listopad, E. Y., Malinovskaya, N. V., Rostovtseva, P. P., Drobysheva, N. N., & Borisov, A. V. (2022). Financial Risk and Profitability Management in Russian Insurance Companies in the Context of Digitalization. Risks, 10(11). https://doi.org/10.3390/risks10110214

Jurgilewicz, O., & Poplavska, Z. (2019). JOURNAL OF SECURITY AND SUSTAINABILITY ISSUES ISSN 2029-7017 print / ISSN 2029-7025 online 2019 December Volume 9 Number 2. 9(2), 199–212.

Kim, D. J., Ferrin, D. L., & Rao, H. R. (2008). A trust-based consumer decision-making model in electronic commerce: The role of trust, perceived risk, and their antecedents. Decision Support Systems, 44(2), 544–564.

Kshetri, N. (2014). Big datas impact on privacy, security and consumer welfare. Telecommunications Policy, 38(11), 1134–1145. https://doi.org/10.1016/j.telpol.2014.10.002

Laudon, K. C., & Laudon, J. P. (2004). Management information systems: Managing the digital firm. Pearson Educación.

Los, U. M. D. E. C. D. E. (n.d.). No 主観的健康感を中心とした在宅高齢者における健康関連指標に関する共分散構造分析Title. 1–15.

Marcon, É., Marcon, A., Le Dain, M. A., Ayala, N. F., Frank, A. G., & Matthieu, J. (2019). Barriers for the digitalization of servitization. Procedia CIRP, 83(March), 254–259. https://doi.org/10.1016/j.procir.2019.03.129

Prof, A., Fariborzi, E., Hoda, E. N. G., & Kazemabad, A. (2013). The Security of Information in Financial Transactions via Mobile: Algorithms. International Journal of Computer Networks and Communications Security, 1(2013), 257–263. https://doi.org/10.47277/ijcncs/1(6)7

Remenyi, D., & Sherwood-Smith, M. (2012). IT investment: making a business case. Routledge.

Turban, E., Pollard, C., & Wood, G. (2018). Information technology for management: On-demand strategies for performance, growth and sustainability. John Wiley & Sons.

Unal, I. M., & Aysan, A. F. (2022). Fintech, Digitalization, and Blockchain in Islamic Finance: Retrospective Investigation. FinTech, 1(4), 388–398. https://doi.org/10.3390/fintech1040029

Whitman, M. E., & Mattord, H. J. (2013). Management of information security. Cengage Learning.