PERLINDUNGAN HUKUM DAN ETIKA BAGI PENGGUNA  FINTECH PEER TO PEER LENDING DI INDONESIA

The rapid growth of illegal online loan services is also caused by the potential of the Indonesian people themselves to become a large enough market for online loan services. There are still many Indonesians who are not bankable, so many turn to illegal online loan services that are easier and faster. Currently, there are 105 illegal Fintechs that have been brought under control by the Investment Alert Task Force since 2018-2020. In terms of fintech dispute resolution, there is no dispute resolution agency that effectively resolves disputes. This is because the location of the parties is unclear, besides that the fintech lending administrator in the standard electronic contract clause does not specify a court. This research is a normative juridical research using the Systematic Literature Review Method which refers to Kitchenham (2019) with research stages using planning, implementation and reporting. The first stage begins with formulating the main objectives of this research. This is to identify what problems arise from the Peer to peer Lending industry. On November 13, 2020, OJK issued a draft regulation on P2P, which is planned to replace POJK 77, to provide legal certainty to the P2P business model and protect the public interest. Several provisions in the draft were adopted from OJK regulations that exist in other business sectors that are strictly regulated such as insurance, securities, and finance. The protection of peer to peer fintech lending business ethics has been stated in the AFPI 2020 special Code of Conduct Number 002/SK/COC/INT/V/2020. However, the rules of business ethics that have been made still have weaknesses which will have an impact on consumers' losses.

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PENGATURAN PENYELESAIAN SENGKETA DALAM SISTEM PEER TO PEER LENDING

Kertha Semaya : Journal Ilmu Hukum ◽

10.24843/ks.2020.v09.i01.p05 ◽

2020 ◽

Vol 9 (1) ◽

pp. 52

Author(s):

Luh Sarini ◽

Putu Devi Yustisia Utami

Keyword(s):

Dispute Resolution ◽

Peer To Peer ◽

Legal Issues ◽

Online Dispute Resolution ◽

Resolution Process ◽

Dispute Resolution Process ◽

Peer Lending ◽

Relationship Of ◽

The Relationship

Penelitian ini mempunyai tujuan untuk memahami hubungan setiap pihak pada sistem Peer to Peer Lending secara hukum serta menganalisis pengaturan penyelesaian sengketa pada sistem Peer to Peer Lending. Metode pada penelitian ini yaitu penelitian yuridis normatif dengan mempergunakan pendekatan perundang-undangan dalam menganalisis isu hukum yang sumber hukumnya berasal dari bahan hukum primer, sekunder, serta tersier. Hasil pada penulisan ini menunjukkan bahwa belum terdapat pengaturan secara khusus terkait penyelesaian sengketa dalam sistem Peer to Peer Lending. Sengketa pada sistem tersebut membutuhkan proses penyelesaian sengketa yang cepat, mudah, serta terjangkau sehingga perlu dibentuk Lembaga Alternatif Penyelesaian Sengketa online yang khususnya menangani sengketa bisnis dengan sistem Peer to Peer Lending. This study aims to understand the relationship of each party in the Peer to Peer Lending system legally and to analyze dispute resolution arrangements in the Peer to Peer Lending system. The method in this research is normative juridical research using a statutory approach in analyzing legal issues whose sources of law come from primary, secondary and tertiary legal materials. The results of this paper indicate that there is no specific arrangement regarding dispute resolution in the Peer to Peer Lending system. Disputes in this system require a dispute resolution process that is fast, easy, and affordable, so it is necessary to establish an alternative online Dispute Resolution Institute which specifically handles business disputes with the Peer to Peer Lending system.

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CAUSALITY BETWEEN PEER-TO-PEER LENDING AND BANK LENDING IN CHINA: EVIDENCE FROM A PANEL DATA APPROACH

The Singapore Economic Review ◽

10.1142/s0217590820500332 ◽

2020 ◽

Vol 65 (06) ◽

pp. 1537-1557

Author(s):

TSUNG-PAO WU ◽

HUNG-CHE WU ◽

SHU-BING LIU ◽

HSIN-PEI HSUEH ◽

CHIEN-MING WANG

Keyword(s):

Causal Relationship ◽

Granger Causality Test ◽

Bank Lending ◽

Peer To Peer ◽

Policy Implications ◽

Causality Test ◽

Panel Granger Causality ◽

Peer Lending ◽

Business Sectors ◽

Support Evidence

This study applied a multivariate panel Granger causality test to examine the causal relationship between peer-to-peer lending (P2PL) and bank lending (BL) in China’s eight major regions for the period from 2014M01 to 2019M12. The empirical results of this paper support evidence for the P2PL leading hypothesis in regions such as Jiangsu and Hubei while the BL leading hypothesis relationship supports the evidence for regions such as Zhejiang and Shanghai. In addition, there is an interactive causal relationship between P2PL and BL in a region such as Shandong. However, the result of a neutrality hypothesis supports three of these eight major regions (Guangdong, Beijing and Sichuan). The findings of this paper provide important policy implications for China’s eight major regions as well as business sectors in the banking industry for understanding and predicting market conditions.

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Fungsi Jaminan Sebagai Penentu Credit Scoring Dalam Layanan Pinjam Meminjam Uang Berbasis Teknologi Informasi

Jurist-Diction ◽

10.20473/jd.v4i5.29823 ◽

2021 ◽

Vol 4 (5) ◽

pp. 1871

Author(s):

Nalendra Pradipto

Keyword(s):

Information Technology ◽

Industrial Revolution ◽

Credit Scoring ◽

Peer To Peer ◽

The Public ◽

P2p Lending ◽

Risk Grade ◽

Peer Lending ◽

Financial Technology

AbstractThe growth of information technology or commonly referred to as Industrial Revolution 4.0 has given birth to a new idea namely Money Lending and Borrowing Services based on Information Technology. Peer to Peer Lending (P2P) Lending is a service that is much in demand by the public. The majority of P2P Lending financial technology providers do not require collateral. With this condition, OJK has issued a special regulation, namely POJK No. 77 / POJK.01 / 2016 concerning Money Lending and Borrowing Services based on Information Technology. Article 21 POJK No.77 / POJK.01/2016 states that the Operator is required to manage credit risk and operational risk. One risk management undertaken by the Provider is to use Credit Scoring to classify Debtors into certain risk grades. However, because the majority of P2P Lending does not require a material guarantee, the Credit Scoring factor other than collateral becomes very important. In practice, the Operator is often less selective about the classification of Debtors in Credit Scoring, resulting in many defaults.Keywords: Peer to Peer Lending; Financial Technology; Credit Scoring; Risk Grade.AbstrakPerkembangan teknologi informasi informasi atau yang biasa disebut dengan Revolusi Industri 4.0 telah melahirkan gagasan baru yaitu Layanan Meminjam Uang Berbasis Teknologi Informasi. Peer to Peer Lending (P2P) Lending menjadi layanan yang banyak diminati oleh masyarakat. Dari beragam Penyelenggara teknologi finansial P2P Lending mayoritas tidak mensyaratkan adanya jaminan kebendaan. Dengan adanya kondisi tersebut OJK telah mengeluarkan aturan khusus yaitu POJK No. 77/POJK.01/2016 tentang Layanan Pinjam Meminjam Uang Berbasis Teknologi Informasi. Pasal 21 POJK No.77/POJK.01/2016 menyatakan Penyelenggara wajib melakukan manajemen risiko kredit dan risiko operasional. Salah satu manajemen risiko yang dilakukan Penyelenggara adalah menggunakan Credit Scoring untuk mengklasifikasi Debitor ke dalam risk grade tertentu. Meskipun demikian karena mayoritas P2P Lending tidak mensyaratkan adanya jaminan kebendaan, maka faktor Credit Scoring selain jaminan menjadi sangat penting. Pada prakteknya Penyelenggara seringkali kurang selektif terhadap klasifikasi Debitor dalam Credit Scoring sehingga banyak terjadi wanprestasi. Kata Kunci: Peer to Peer Lending; Teknologi Finansial; Credit Scoring; Risk Grade.

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LEGISLASI PERLINDUNGAN HUKUM TERHADAP FENOMENA FINANCIAL TECHNOLOGY PEER TO PEER LENDING DI INDONESIA

Jurnal Hukum dan Pembangunan Ekonomi ◽

10.20961/hpe.v9i1.52609 ◽

2021 ◽

Vol 9 (1) ◽

pp. 80

Author(s):

Nur Afifah Aminuddin

Keyword(s):

Financial Institutions ◽

Financial Services ◽

Legal Protection ◽

Peer To Peer ◽

Legal Issues ◽

Conceptual Approach ◽

The Public ◽

Use Of Technology ◽

Peer Lending ◽

Financial Technology

Financial technology is the implementation of the use of technology to improve banking and financial services. The emergence of Fintech-based companies, especially those offering lending and borrowing services or Peer To Peer Lending (P2PL) is currently getting the attention of the public and regulators. P2PL-based fintech services are one of the solutions for limited access to financial services in the country and realizing financial inclusion through synergies with financial institutions and technology companies. With the development of fintech peer to peer lending, illegal fintech problems arise which are detrimental to society, so it is necessary to study the legal protection of the regulations that govern it, and how to resolve disputes against it This research is normative by examining legal issues regarding legal protection for consumers and fintech peer to peer lending services and dispute resolution in the fintech business. The research method used includes a statue approach and a conceptual approach.Keywords : Legal Protection, Financial Technology Peer to Peer Lending. Financial technology merupakan implementasi dari pemanfaatan teknologi untuk peningkatan layanan jasa perbankan dan keuangan. Kemunculan perusahaan-perusahaan berbasis Fintech terutama yang menawarkan layanan pinjam meminjam uang atau Peer To Peer Lending (P2PL) saat ini semakin mendapatkan perhatian publik dan regulator. Layanan fintech berbasis P2PL menjadi salah satu solusi terbatasnya akses layanan keuangan di tanah air dan mewujudkan iklusi keuangan melalui sinerginya dengan istitusi-institusi keuangan dan perusahaan-perusahaan teknologi. Semakin berkembangnya fintech peer to peer lending timbul permasalahan fintech illegal yang banyak merugikan masyarakat, maka itu perlu dilakukan kajian perlindungan hukum terhadap regulasi yang mengaturnya, serta bagaimana penyelesaian sengketa terhadapnya. Penelitian ini bersifat normatif dengan mengkaji isu hukum tentang perlindungan hukum terhadap konsumen dan layanan fintech peer to peer lending dan penyelesaian sengketa pada bisnis fintech. Metode penelitian yang digunakan meliputi pendekatan undang-undang (statue approach) dan pendekatan konseptual (conceptual approach). Kata Kunci : Perlindungan hukum, financial technology peer to peer lending.

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Analisis Karakteristik Penggunaan Aplikasi Peer To Peer Lending Fintech dengan Model PCI

JURNAL MEDIA INFORMATIKA BUDIDARMA ◽

10.30865/mib.v4i2.2059 ◽

2020 ◽

Vol 4 (2) ◽

pp. 421

Author(s):

Syarifah Syarifah ◽

Wing Wahyu Winarno ◽

Hanson Prihantoro Putro

Keyword(s):

Public Interest ◽

Peer To Peer ◽

The Other ◽

Relative Advantage ◽

Intention To Use ◽

The Public ◽

Perceived Characteristics Of Innovation ◽

Peer Lending

This study aims to determine the characteristics that influence the intention to use Peer to peer lending fintech applications with the Perceived Characteristics of Innovation (PCI) model. This study was conducted on 203 respondents who used the peer to peer lending fintech application and 114 respondents who did not use the Peer to peer lending fintech application in Indonesia. The results of this study indicate that the characteristics of innovation relative advantage, complexity, and observability can be determinants of people's intentions in using the Peer to peer lending application Fintech. Other characteristics of compatibility and trialability cannot be predictors of public interest in using peer to peer lending fintech services. There are other factors in people who do not use peer to peer lending fintech applications that most people are not interested in using applications. Some feel the application of peer to peer lending is against religion. Most of the other reasons are that they have never heard of the application and the public feels the complexity of using the peer to peer lending fintech application

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