Abstract
The existence of technological development has an impact on aspects of people's economic life. The emergence of financial technology in the form of online loans makes it easy to get the desired funds in a short and easy process. This study aims to discuss the practice of illegal online lending from the perspective of business ethics. The research method used is Normative Juridical with descriptive analytical research specifications. In the practice of Financial Technology (fintech), namely online loans, several problems have been discovered, such as the emergence of illegal online loans, recorded from January 2018 to April 2019, the Financial Services Authority has blocked 947 types of fintech entities in the form of loans between unlicensed online parties. The existence of illegal financial technology can lead to criminal acts such as fraud, money laundering or misuse of consumer's data. This condition was triggered by many people who did not yet know about the technology financial business. Even for legal online loan services that already have risks, the illegal ones will certainly be more risky, and the last many reports from the public as victims of unethical debt collection by online loan service companies. This happens because of the lack of public knowledge about the legality of online loan service companies
Highlights
Along with technological advancements in the national economy is improved to achieve people's welfare in order to realize a better economic life (Wahyuni, 2019)
One of the advances in the financial sector today is the adaptation of Fintech (Financial Technology)
According to The National Digital Research Center (NDRC), Fintech is an innovation in the financial sector
Summary
Along with technological advancements in the national economy is improved to achieve people's welfare in order to realize a better economic life (Wahyuni, 2019). Along with the development of the current era of globalization, all kinds of community activities are inseparable from technological assistance. Along with the development in this era of globalization, any community activities will not be separated from technological assistance. Financial institutions are beginning to shift to technology-based financial institutions. One of the advances in the financial sector today is the adaptation of Fintech (Financial Technology). According to The National Digital Research Center (NDRC), Fintech is an innovation in the financial sector. This financial innovation gets a touch of modern technology. The existence of Fintech can bring a more practical and secure financial transaction process (Crismantianto, 2017)
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