Fintech Lending Research Articles

Pengalihan Tanggung Jawab Pembayaran Utang Debitur Pinjaman Online kepada Ahli Waris

Fintech Lending or Online Loans is an electronic media-based financial loan service that facilitates lenders and loan recipients through an application or website. All financial transactions are carried out under Electronic Contracts. Often the Online Loan Contract does not include a clause regarding the risks that may occur if the loan recipient (debtor) dies before the loan (receivable) is paid off. The problems in this study is the validity of the online loan agreement and the transfer of responsibility for paying debts from online loan debtors to their heirs. This study applies a normative method with a statutory and conceptual approach. The conclusion of this study is that the recipient of the loan/debtor is obliged to repay the money borrowed to the lender/creditor according to the amount and the agreed time period. The heirs can be held responsible for paying off debts when the heirs have stated that they have received the inheritance as referred to in Article 1045 of the Civil Code.

Efficiency of Implementation of Alternative Dispute Settlement for Fintech Lending Users

This article aims to analyze the dispute resolution mechanism at PT Satustop Finansial Solusi and the effective and efficient application of APS for fintech lending users. This article includes a type of normative legal research that is prescriptive and applied with a legal approach, a case approach, and a conceptual approach. Source materials obtained through primary legal materials and secondary legal materials. The technique used is the syllogism method through a deductive mindset. The dispute resolution mechanism applied by PT Satustop Finansial Solusi is through litigation (judicial institutions). The results show that dispute resolution through litigation is deemed less effective and efficient, so the authors use the provisions in Law Number 30 of 1999 concerning Arbitration and Alternative Dispute Resolution, POJK Number 1/POJK.07/2014 concerning Alternative Dispute Resolution Institutions in the Financial Services Sector, and the Theory of Economic Analysis of Law proposed by Richard A. Posner. In this theory, states that the application of economic principles as rational choices to analyze legal issues.

Optimalisasi Peranan Financial Technology (Fintech Sharia) Menuju Era Digitalisasi Koperasi

This study aims to find out how to optimize the role (Fintech Sharia) towards the era of cooperative digitalization. Design this research is a descriptive qualitative research. The type of data in this study uses secondary data. Sources of data were obtained through the OJK website, Bank Indonesia, books, internet, social media, laws and regulations as well as information from the Ministry of Cooperatives and SMEs RI. The research method used is library research. Cooperatives are expected to be able to compete with financial institutions such as banks. Cooperatives must also have mobile application services that offer a variety of products, both in terms of raising funds, providing financing, payment features, and purchases that can be utilized by members so that members can be loyal and able to contribute to the cooperative. Based on the definition of Fintech Lending according to OJK Legal entities or cooperatives can act as Fintech Lending providers that have a systematic application of loan transaction mechanisms online, through web websites or applications. Cooperatives should take advantage of this momentum to create financial technology applications that can be used by members and obtain permits and be registered with OJK. This financial technology momentum can make the Cooperative's strategy to increase or recruit members with the advantages of financial technology (fintech) that is trusted and does not harm members, but instead members can benefit from the distribution of the remaining operating results from the cooperative.

OPPORTUNITIES, RISKS AND STRATEGIES TO MINIMIZE THE RISK FINTECH LENDING: STUDY META SYNTHESIS

This study aims to configure by identifying opportunities, risks and strategies to minimize the risk ofthe existence of fintech lending as a financial intermediary institution using a meta-synthesis methodological approach. The number of articles sampled as much as 29 articles. The results show that business and investment opportunities in this sector are indicated by a large market share, the number of repeat borrowers, an element of trust between borrowers and lenders, a technology-based and uncomplicated loan system and without business guarantees. While the risk indicated by weaknesses in credit management or credit management is a risk that really needs to be considered, including in determining interest rates, and determining borrowers to be funded without credit analysis considerations. The strategy needed is to use a low interest rate strategy, a better management management strategy, a strategy to capture opportunities as well as a collaboration and growth strategy, as well as the need for the Government to make clear and centralized regulations and P2P platforms.
 
 Keywords: Opportunity, Risk, Fintech Lending Strategy, Meta Synthesis.

Legal Protection for Borrowers and Business Dispute Resolution in Fintech Lending Services

Legal Protection for Borrowers and Business Dispute Resolution in Fintech Lending Services

The Role Sharia Fintech Support Sustanaible Development Goals Program (SDGs)

Abstract
 Islamic finance products are increasingly varied, including the presence of shariah fintech. The development of sharia fintech has a role in supporting the Sustainable Development Goals (SDGs. This study aims to determine the development of sharia fintech, and to determine the role sharia fintech in supporting the SDGs program. This type of research is literature study with the nature of the research is qualitative. This study uses descriptive qualitative data analysis techniques. The results of this study indicate the development sharia fintech assets in December 2020 amounting to 74,677,072,107, growing to reach 47.53 percent, with the number of sharia fintech lending actors 10. Types of sharia fintech are peer to peer landing (P2P), payment instruments, and crowdfunding. Sharia fintech has a role in supporting the SGDS program on several objectives, especially related to the economy, such as decent work and economic growth, poverty reduction, hunger reduction, and the realization of prosperity.

FinTech Lending, Social Networks, and the Transmission of Monetary Policy

FinTech Lending, Social Networks, and the Transmission of Monetary Policy

FinTech Lending and Bank Credit Access for Consumers

Using a unique setting of an online peer-to-peer lender, I show that banks expand credit access for consumers who obtain FinTech loans. Consistent with FinTech relieving information frictions, this effect is stronger for more credit-constrained consumers. Many borrowers, especially higher-quality ones, use peer-to-peer loans to repay expensive revolving debt. Yet, debt financing and credit score changes cannot fully explain higher bank credit. The increase in bank credit access is stronger when information sets between banks and peer-to-peer lenders diverge more. These results highlight information spillovers as a novel mechanism through which FinTech lending can relieve financial constraints for consumers. This paper was accepted by Tomasz Piskorski, finance. Supplemental Material: The data files and online appendix are available at https://doi.org/10.1287/mnsc.2022.4319 .

MODEL PERLINDUNGAN HUKUM BAGI KREDITUR LAYANAN PINJAM MEMINJAM UANG BERBASIS TEKNOLOGI INFORMASI DI MASA PANDEMI COVID-19

The purposes of this study are 1) to find out and analyze the forms of violations committed by fintech lending debtors online during the Covid-19 pandemic; 2) to find out and analyze the legal protection model for creditors in these services during the Covid-19 pandemic. The research method used is normative juridical analysis with a descriptive analysis approach. The results of this study are: 1). There are 3 types of violations encountered during the loan service research, namely default in the form of default by the debtor at the time of repaying the loan for several reasons, including not having a fixed income while the debtor needs funds for his daily needs. Another problem is the existence of bad faith from third parties (sales), committing fraud violations with fictitious debtor data and deliberately failing to pay 2). Legal protection models that can be applied include: Financial protection in the form of insurance for creditors; Guarantee Protection in the form of intangible assets in the form of a National Identity Number; Agreement protection, namely strengthening the position of creditors in the contents of the agreement: and protection of strict sanctions contained in the legislation.

The use ISO 31000:2018 in Indonesian Fintech Lending Companies: What Can We Learn?

Enterprise risk management (ERM) is significant in running a company. ISO 31000 is one of the ERM types that are familiar. However, there are still pros and cons of ISO 31000. Thus, this study aimed to find out the responses of the Indonesian fintech lending companies managements in implementing ISO 31000. Specifically, this study tried to identify the problems in implementing ISO 31000:2018 to be implemented as ERM. Besides, it also discussed the benefits of the ISO 31000:2018 implementation from the companies' management's perspectives. The data were collected through questionnaires and interviews. The questionnaire results were quantified and interpreted in percentage, while the interview results were analyzed qualitatively using the interactive data analysis method. The study results showed that most of the companies' management believed that they had no significant problems implementing ISO 31000:2018. In addition, they felt that implementing ISO 31000:2018 as ERM gave many benefits in running the companies. The study's findings were discussed by connecting them with the current theories and empirical reviews. However, since the study was done qualitatively, a further study that involves quantitative study to measure the effectiveness of ISO 31000 empirically is needed to support the results of this study.

New Technology, Old Patterns: Fintech Lending, Metropolitan Segregation, and Subprime Credit

New Technology, Old Patterns: Fintech Lending, Metropolitan Segregation, and Subprime Credit

The Real Effects of FinTech Lending on SMEs: Evidence from Loan Applications

We show that FinTech lending affects credit markets and real economic activity using a unique data set of a Peer-to-Business platform for which we have the universe of loan applications and loans granted. We find that FinTech serves the same segment of high quality and creditworthy small businesses as banks. Firms use FinTech loans to reduce bank dependence, especially from less liquid banks. We find that firms that access FinTech lending increase assets, employment, and sales relative to firms that get their loan application rejected. In addition, we find that firms increase leverage as they substitute long-term bank debt with long-term FinTech debt and short-term bank debt. Our findings suggest that FinTech lending reduces financing constraints and spurs investment and firm growth.

Invisible Primes: Fintech Lending with Alternative Data

Invisible Primes: Fintech Lending with Alternative Data

Fintech Lending Under Austerity

Fintech Lending Under Austerity

Does Fintech Lending Lower Financing Costs? Evidence From An Emerging Market

Does Fintech Lending Lower Financing Costs? Evidence From An Emerging Market

When Fintech Lending Meets Privacy Protection: The Role of Privacy-Insensitive Device Attributes in Identifying Loan Default

When Fintech Lending Meets Privacy Protection: The Role of Privacy-Insensitive Device Attributes in Identifying Loan Default

Digital Disruptors at the Gate. Does FinTech Lending Affect Bank Market Power and Stability?

Digital Disruptors at the Gate. Does FinTech Lending Affect Bank Market Power and Stability?

The Real Effects of Fintech Lending on SMEs: Evidence from Loan Applications

The Real Effects of Fintech Lending on SMEs: Evidence from Loan Applications

Analyzing The Intention Of Borrower To Use Fintech Lending

This study aims to determine the direct effect of social influence, consumptive culture, and perceived usefulness on intention to use financial technology lending. This study also to find out the awareness people on using sharia fintech lending. Then, this study also to find out the indirect effect of social influence, consumptive culture, and perceived usefulness on intention to use financial technology lending moderated by motivation variable using Partial Least Square – Structural Equation Modeling (PLS-SEM) method. This research has found social influence and consumptive culture have a significant influence on intention to use fintech lending. Perceived usefulness and sharia fintech lending knowledge does not influence on intention to use fintech lending. This study found that social influence, consumptive culture, and perceived usefulness had no effect on the intention to use fintech lending through motivation as a moderating variable.

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.