Strategi Financial Technology dalam Mengatasi Lonjakan Transaksi Lender pada Masa Pandemi Covid 19

Abstract

The pandemic of Covid 19 has affected all business activities. This impact was also felt in various financial institutions. Financial institutions are increasingly carrying out their activities based on technology. We call this technology-based financial institution as FinTech. Peer-to-peer Lending (P2PL) is an example of a Fintech product. This product assists MSMEs (Micro, Small, and Medium Enterprises) in becoming more financially integrated. The P2PL existence can increase the MSMEs financing and ultimately will improve the performance of MSMEs business. The Covid 19 pandemic caused P2PL transactions to increase. Lender transactions have increased every month since the pandemic. Therefore, this paper aims to describe what should be done by Fintech in dealing with the surge in lender transactions so that Fintech can survive, while in the same period business productivity has decreased. The research method used is literature study by collecting documentation data from various writings. The finding of this analysis shows that three things must be done to overcome the spike in lender transactions so that bad credit does not occur, namely Regulation and Implementation of Risk Mitigation in the Peer-to-peer Lending Implementation, Obligation of the OJK SLIK Reporting, and the Application of the Prudential Principle.