Book Review: Fintech and the Transformation of Digital Banking, A Conceptual Review and Its Implications

The development of digital technology has driven fundamental changes in the financial services industry through the emergence of financial technology (fintech). The book Fintech: Digital Banking Financial Technology by Budi Raharjo comprehensively discusses banking transformation due to technological innovation, ranging from digital payment systems, peer-to-peer lending, crowdfunding, to blockchain and cryptocurrencies. This article aims to summarize the main ideas of the book in an academic framework by highlighting the concept of fintech, the dynamics of the relationship between banks and fintech companies, the socio-economic impact in developing countries, and the future direction of the digital finance industry. The results of the study show that fintech is not only a challenge for conventional banking, but also a strategic opportunity through collaboration and continuous innovation.