Research Article
Debt Collection of Financial Technology Lending
@INPROCEEDINGS{10.4108/eai.17-7-2019.2303007, author={Gika Asdina Firanda and Paramita Prananingtyas and Sartika Nanda Lestari}, title={Debt Collection of Financial Technology Lending }, proceedings={Proceedings of the 1st International Conference on Science and Technology in Administration and Management Information, ICSTIAMI 2019, 17-18 July 2019, Jakarta, Indonesia}, publisher={EAI}, proceedings_a={ICSTIAMI}, year={2021}, month={1}, keywords={p2p lending otoritas jasa keuangan supervision debt collection}, doi={10.4108/eai.17-7-2019.2303007} }- Gika Asdina Firanda
Paramita Prananingtyas
Sartika Nanda Lestari
Year: 2021
Debt Collection of Financial Technology Lending
ICSTIAMI
EAI
DOI: 10.4108/eai.17-7-2019.2303007
Abstract
Peer-to-peer (P2P) Lending or known as an Online Loans is an alternative way to borrowing money based on information technology. Unlike credit in banking, P2P Lending does not adhere to the principle of 5C (Character, Capacity, Capital, Collateral, Condition) as a reference for eligibility, and therefore many do not pay it off and this rises the use of debt collectors. Financial services authority (OJK) is a regulatory agency authorized to oversee P2P Lending as a whole. The problem that forms the basis of this research is how financial services authority supervises and follows up towards debt collector’s problems of P2P Lending. The method used in this research is normative juridical approach with descriptive-analytical. The analysis method used is qualitative. This research uses the secondary data obtained from the literature study consisting of primary, secondary, and tertiary legal materials. Based on the research, it concludes the authority and supervision of OJK in P2P Lending based on three ways, namely on-site, off-site, and market conduct. In a market conduct, OJK appoints an association that will assist them in terms of regulation and supervision of P2P Lending. The follow up of the OJK regarding the problem of debt collection is through written sanctions to revocation of the P2P Lending provider’s business license.