J
Journal of Economics, Management, Entrepreneurship, and Business Abnus Publisher

Overview of Financial Technology (Fintech) in Logistics: Literature Study

2023-11-29
Published
90-99
Pages
OPEN
Access
MH
Muhammad Arif Hernawan
Institut Transportasi dan Logistik Trisakti, Jakarta, Indonesia
CP
Cecep Pahrudin
Institut Transportasi dan Logistik Trisakti, Jakarta, Indonesia
MA
Muhammad Rifa Affiat
Institut Transportasi dan Logistik Trisakti, Jakarta, Indonesia
SN
Siti Nurhayati
Institut Transportasi dan Logistik Trisakti, Jakarta, Indonesia
Abstract

Purpose: This research aims to explore the role of financial technology (FinTech) in the logistics sector, focusing on its integration, effectiveness, and the challenges faced in improving business transactions and operational efficiency.

Research Methodology: The study employs a qualitative approach through a literature review, synthesizing data from various sources to highlight key variables such as data protection, government policies, and the application of financial technology in logistics.

Results: The results indicate that while FinTech offers significant benefits in streamlining transactions and enhancing customer satisfaction, challenges remain, particularly in maintaining customer confidentiality and regulatory oversight. Additionally, the lack of widespread adoption of financial technology in logistics firms and insufficient governmental support for its implementation were identified as key barriers.

Conclusions: The research concludes that FinTech holds great potential in improving operational efficiency in the logistics sector, but attention must be given to data security, refining regulatory frameworks, and fostering greater collaboration between logistics companies and financial technology providers.

Limitations: The study is limited by its reliance on existing literature and the absence of primary empirical data, which could provide deeper insights into real-world challenges and solutions.

Contributions: This research contributes to the development of knowledge in digital finance and logistics by identifying critical areas for future research, such as improving data security measures, refining regulatory frameworks, and fostering greater collaboration between logistics companies and FinTech providers.

Confidentiality and Regulation Financial Technology (Fintech) Logistics
How to Cite
Hernawan, M. A. ., Pahrudin, C. ., Affiat, M. R., & Nurhayati, S. . (2023). Overview of Financial Technology (Fintech) in Logistics: Literature Study. Journal of Economics, Management, Entrepreneurship, and Business, 3(2), 90-99. https://doi.org/10.52909/jemeb.v1i1.20
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How to Cite

Hernawan, M. A. ., Pahrudin, C. ., Affiat, M. R., & Nurhayati, S. . (2023). Overview of Financial Technology (Fintech) in Logistics: Literature Study. Journal of Economics, Management, Entrepreneurship, and Business, 3(2), 90-99. https://doi.org/10.52909/jemeb.v1i1.20
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