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The Model of Business Intelligence Development by Applying Cooperative Society Based Financial Technology

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Proceedings of Sixth International Congress on Information and Communication Technology

Part of the book series: Lecture Notes in Networks and Systems ((LNNS,volume 235))

Abstract

Technological advances seem to have no limit so that its power can penetrate many sectors, one of them is business. On the one hand, the development of financial technology has proven to be of benefit to consumers, business actors and the world economy, but on the other hand it has potential risks that if it does not adequately follow technological developments it could disrupt the financial system. Cooperatives are understood as legal entities that are established based on the principle of kinship and also adheres to the principles of social economy with the aim to improve their members in carrying out dominant transactions using cash, then modelled for the future will rely on cashless and FinTech virtual accounts. So that a new model is formed in the movement of business intelligence that is FinTech-based cooperative society that is able to increase the movement of cooperative society, reduce the operational costs of cooperative society and prosper the community with one mobile device.

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Author information

Authors and Affiliations

  1. Universitas Muhammadiyah Sumatera Utara, Medan, Indonesia

    A. Al-Khowarizmi

  2. Informatics Department, Universitas Medan Area, Medan, Indonesia

    Rahmad Syah

  3. Data Science & Computational Intelligence Research Group, Universitas Sumatera Utara, Medan, Indonesia

    Marischa Elveny

Authors
  1. A. Al-Khowarizmi
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  2. Rahmad Syah
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  3. Marischa Elveny
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Corresponding author

Correspondence to Marischa Elveny .

Editor information

Editors and Affiliations

  1. Middlesex University, London, UK

    Xin-She Yang

  2. University of Reading, Reading, UK

    Simon Sherratt

  3. JIS University, Kolkata, India

    Nilanjan Dey

  4. Global Knowledge Research Foundation, Ahmedabad, India

    Amit Joshi

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Al-Khowarizmi, A., Syah, R., Elveny, M. (2022). The Model of Business Intelligence Development by Applying Cooperative Society Based Financial Technology. In: Yang, XS., Sherratt, S., Dey, N., Joshi, A. (eds) Proceedings of Sixth International Congress on Information and Communication Technology. Lecture Notes in Networks and Systems, vol 235. Springer, Singapore. https://doi.org/10.1007/978-981-16-2377-6_13

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