A Shift in The Principle of Bank Secrecy due to Advancement in Information Technology
Bank secrecy is a conditional legal agreement used by a bank to guarantee the confidentiality of customers' dealing and financial affairs. However, the advancement in information technology, especially in the implementation of electronic systems and transactions across banks, has introduced tre...
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| Format: | Article |
| Language: | English |
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Universitas Muhammadiyah Magelang
2020-04-01
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| Series: | Varia Justicia |
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| Online Access: | http://journal.ummgl.ac.id/index.php/variajusticia/article/view/3336 |
| _version_ | 1818932498008113152 |
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| author | Budi Agus Riswandi |
| author_facet | Budi Agus Riswandi |
| author_sort | Budi Agus Riswandi |
| collection | DOAJ |
| description | Bank secrecy is a conditional legal agreement used by a bank to guarantee the confidentiality of customers' dealing and financial affairs. However, the advancement in information technology, especially in the implementation of electronic systems and transactions across banks, has introduced tremendous changes in the ability of financial institutions to efficiently secure customers’ data. This study provides a detailed explanation of the transformation process using the normative method. The result showed a shift in the principle of bank secrecy to data security in the event of a violation. |
| first_indexed | 2024-12-20T04:33:26Z |
| format | Article |
| id | doaj.art-4dca00888b4140b28bdfad0f147a2570 |
| institution | Directory Open Access Journal |
| issn | 1907-3216 2579-5198 |
| language | English |
| last_indexed | 2024-12-20T04:33:26Z |
| publishDate | 2020-04-01 |
| publisher | Universitas Muhammadiyah Magelang |
| record_format | Article |
| series | Varia Justicia |
| spelling | doaj.art-4dca00888b4140b28bdfad0f147a25702022-12-21T19:53:19ZengUniversitas Muhammadiyah MagelangVaria Justicia1907-32162579-51982020-04-01161394710.31603/variajusticia.v16i1.33363336A Shift in The Principle of Bank Secrecy due to Advancement in Information TechnologyBudi Agus Riswandi0Universitas Islam IndonesiaBank secrecy is a conditional legal agreement used by a bank to guarantee the confidentiality of customers' dealing and financial affairs. However, the advancement in information technology, especially in the implementation of electronic systems and transactions across banks, has introduced tremendous changes in the ability of financial institutions to efficiently secure customers’ data. This study provides a detailed explanation of the transformation process using the normative method. The result showed a shift in the principle of bank secrecy to data security in the event of a violation.http://journal.ummgl.ac.id/index.php/variajusticia/article/view/3336bank secrecyadvancement in technologybank principle |
| spellingShingle | Budi Agus Riswandi A Shift in The Principle of Bank Secrecy due to Advancement in Information Technology Varia Justicia bank secrecy advancement in technology bank principle |
| title | A Shift in The Principle of Bank Secrecy due to Advancement in Information Technology |
| title_full | A Shift in The Principle of Bank Secrecy due to Advancement in Information Technology |
| title_fullStr | A Shift in The Principle of Bank Secrecy due to Advancement in Information Technology |
| title_full_unstemmed | A Shift in The Principle of Bank Secrecy due to Advancement in Information Technology |
| title_short | A Shift in The Principle of Bank Secrecy due to Advancement in Information Technology |
| title_sort | shift in the principle of bank secrecy due to advancement in information technology |
| topic | bank secrecy advancement in technology bank principle |
| url | http://journal.ummgl.ac.id/index.php/variajusticia/article/view/3336 |
| work_keys_str_mv | AT budiagusriswandi ashiftintheprincipleofbanksecrecyduetoadvancementininformationtechnology AT budiagusriswandi shiftintheprincipleofbanksecrecyduetoadvancementininformationtechnology |