The Role of KSPPS BMT Istiqlal Information Technology in Minimizing the Risk of Financing Fraud

Abstract

This research aims to deepen the role of information technology in reducing the risk of fraud in financing carried out by the Baitul Maal wat Tamwil (BMT) Istiqlal Sharia Savings and Loans Cooperative (KSPPS). As part of the industrial era 4.0, information technology has become an important element in financial and communication activities throughout the world. The research method used is a qualitative method by conducting in-depth interviews and document analysis as a means of collecting data from respondents who are employees and managers of KSPPS BMT Istiqlal. The research results show that the use of information technology has a strong role in reducing the risk of fraud in financing. Increasing the effectiveness of the use of information technology in sharia financing at KSPPS BMT Istiqlal not only has a positive effect on their operations, but also stimulates investment growth. Increased investment will open up wider employment opportunities for the community and ultimately contribute to sustainable economic growth. Thus, this research has important significance in deepening understanding of the role of information technology in reducing the risk of fraud in sharia financing, which in turn can contribute to prosperity and welfare for the people in Pekalongan.