The Role of Financial Technology (Fintech) in Increasing Investment Participation among Millennials

Abstract

The advancement of digital technology has led to various innovations in the financial sector, one of which is financial technology (fintech). This innovation has significantly transformed how society, especially the millennial generation, accesses financial services and participates in investment activities. This study aims to examine in depth how fintech contributes to increasing investment participation among Indonesian millennials. A descriptive qualitative approach is employed through literature review methods, supported by secondary data from authoritative institutions such as the Financial Services Authority (OJK), Bank Indonesia, as well as various industry reports and academic publications. Findings indicate that fintech successfully reduces many conventional barriers that have long hindered young people from investing. These barriers include limited access to initial capital, a lack of credible investment information, and complex traditional investment procedures. Fintech platforms offer more inclusive access through user-friendly mobile applications, educational features, and more affordable and flexible investment options. These features play a significant role in increasing millennials' interest and confidence in investing. Nevertheless, challenges remain in the form of uneven financial literacy and data security risks, which must be managed seriously. This study concludes that fintech acts as a strategic driver of financial inclusion, with great potential to foster a more financially literate and empowered young generation of investors.