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VOL. 9, ISSUE 5 (2023)
Legal study to overcome illegal peer to peer lending in the era of industrial revolution 4.0
Authors
Galang Rizki Putratama, Joko Setiyono
Abstract
In the era of Industrial Revolution 4.0, the
development of digital technology continues to grow rapidly. It has a big
impact on human life in everyday life. In Indonesia, the development of
information technology mainly touches on the economic sector, one of which is
financial technology (Fintech). The rapid growth of technology and digital
development can also be seen from the many start-up companies in the technology
sector, one of which is Fintech P2P Lending, the regulations of which are
regulated in Financial Services Authority Regulation Number 77/POJK.01/2016
concerning Information Technology-Based Lending and Borrowing Services.
However, the rapid development of fintech has also given rise to illegal
fintechs, which do not have permits or are not registered and still operate
freely in Indonesia. On the other hand, regulations and handling in Indonesia
are inadequate in protecting fintech users. Complaints and problems in fintech
activities, especially P2P Lending for users, for example, include the security
of personal data, billing procedures, payment failures, fraud, etc., which are
often concerns by investors and borrowers. Therefore, there should be
supervision and protection regarding regulation and overcoming illegal P2P
Lending fintech actors. The type of research in this Scientific Article was
normative juridical. This study uses approaches including statutory approaches
and conceptual approaches. The selected research was qualitative research, with
secondary data as the source of the research.
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Pages:61-64
How to cite this article:
Galang Rizki Putratama, Joko Setiyono "Legal study to overcome illegal peer to peer lending in the era of industrial revolution 4.0". International Journal of Law, Vol 9, Issue 5, 2023, Pages 61-64
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