Evaluation Of Risk Management Maturity Of A Fintech Firm In Indonesia

Authors

  • Franciskus Antonius Alijoyo Parahyangan Catholic University, Indonesia
  • Ivonne Bonita Parahyangan Catholic University, Indonesia
  • Kevin Bastian Sirait Parahyangan Catholic University, Indonesia

DOI:

https://doi.org/10.59188/eduvest.v1i12.307

Keywords:

Fintech Firm, Issues in Risk Management, Risk Management Maturity Status, Risk Maturity Model

Abstract

This study identified the risk management maturity status, revealed the major sources of the firm risk management maturity, issues in running quality risk management of a financial technology firm in Indonesia, and recommended enhancements. It used the Risk and Insurance Management Society – Risk Maturity Model to evaluate the risk management maturity status. To get detailed information about the risk management implementation, the researchers also did observations and interviews. This study confirmed that the firm was in ad-hoc status. The firm was overconfident of their previous success in implementing risk management and careless in transforming the risk management concepts into real practices. Thus, they lost their ability to decide appropriate decisions in handling the risks that they faced. As a result, they could not run effective and efficient management. Detail findings and recommendations on the risk management maturity of the firm are provided in this article.

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Published

2021-12-20