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Talent mapping: a strategic approach toward digitalization initiatives in the banking and financial technology (FinTech) industry in Indonesia

Wimboh Santoso (Financial Services Authority of Indonesia, Central Jakarta, Indonesia)
Palti Marulitua Sitorus (School of Economics and Business, Telkom University, Bandung, Indonesia)
Sukarela Batunanggar (Financial Services Authority of Indonesia, Central Jakarta, Indonesia)
Farida Titik Krisanti (School of Economics and Business, Telkom University, Bandung, Indonesia)
Grisna Anggadwita (School of Economics and Business, Telkom University, Bandung, Indonesia)
Andry Alamsyah (School of Economics and Business, Telkom University, Bandung, Indonesia)

Journal of Science and Technology Policy Management

ISSN: 2053-4620

Article publication date: 26 February 2021

Issue publication date: 20 July 2021

3552

Abstract

Purpose

The development of information technology is highly influential to all sectors, including the financial industry. Various transformations are made in overcoming the dynamics of technological advancements, including the mapping of human resources. This study is conducted in the banking industry and companies operating using financial technology (FinTech) in Indonesia. This study aims to identify talent competencies needed in the future, based on current conditions and future needs, through mapping talent in the banking and FinTech industries.

Design/methodology/approach

This study provides empirical evidence about the mapping of talent management with eight basic competencies. It uses a mixed-method, explanatory sequential with survey approach in the first phase and focus group discussions (FGD) in the second phase. The questionnaire is distributed to 309 respondents who are the specific decision-makers in this industry. Meanwhile, the FGD is conducted twice at different times with academics and practitioners, human resources and talent managers. This research used analytic hierarchy process as a tool for data processing.

Findings

This study provides current competency positions and future needs in the banking and FinTech industries in Indonesia where it found a lot of competence segregation. It also discovered three priority competencies for dealing with Industry 4.0, which included relating and networking, adapting and responding to change and entrepreneurship and commercial thinking.

Practical implications

This study is valuable for decision-makers and regulators; these results can be used to find new competencies and talents to develop existing human resources. Also, these results can be used as a basis for policy-making related to the Industrial Revolution 4.0.

Originality/value

This study provides new insights on talent mapping in the banking and FinTech industries as a strategic approach in the digitalization era. In addition, this research also adds knowledge related to Industry 4.0 as a result of industry developments in the digitalization era.

Keywords

Acknowledgements

The authors would like to thank the Indonesian Financial Services Authority (OJK Institute) for providing research grants for this study.

Citation

Santoso, W., Sitorus, P.M., Batunanggar, S., Krisanti, F.T., Anggadwita, G. and Alamsyah, A. (2021), "Talent mapping: a strategic approach toward digitalization initiatives in the banking and financial technology (FinTech) industry in Indonesia", Journal of Science and Technology Policy Management, Vol. 12 No. 3, pp. 399-420. https://doi.org/10.1108/JSTPM-04-2020-0075

Publisher

:

Emerald Publishing Limited

Copyright © 2020, Emerald Publishing Limited

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