Proceedings of the 1st Conference on Islamic Finance and Technology, CIFET, 21 September, Sidoarjo, East Java, Indonesia

Research Article

Fintech of Financing at BPRS: a Challenge between a Legal Problem and Business Opportunity

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  • @INPROCEEDINGS{10.4108/eai.21-9-2019.2293974,
        author={Binti Nur Asiyah and Iffatin  Nur},
        title={Fintech of Financing at BPRS: a Challenge between a Legal Problem and Business Opportunity},
        proceedings={Proceedings of the 1st Conference on Islamic Finance and Technology, CIFET, 21 September, Sidoarjo, East Java, Indonesia},
        publisher={EAI},
        proceedings_a={CIFET},
        year={2020},
        month={5},
        keywords={fintech financing bprs legal problem business opportunity},
        doi={10.4108/eai.21-9-2019.2293974}
    }
    
  • Binti Nur Asiyah
    Iffatin Nur
    Year: 2020
    Fintech of Financing at BPRS: a Challenge between a Legal Problem and Business Opportunity
    CIFET
    EAI
    DOI: 10.4108/eai.21-9-2019.2293974
Binti Nur Asiyah1,*, Iffatin Nur2
  • 1: FEBI IAIN Tulungagung
  • 2: Pascasarjana IAIN Tulungagung
*Contact email: binti.advan@gmail.com

Abstract

Financing at Bank Perkreditan Rakyat Syari’ah (BPRS) competes with other financing institutions regarding its speed in accessing customers.The speed of approaching customers is a choice since an element of financial technology (fintech) that is capable for connecting the needs of customers with Islamic banks is present. However, its existence is not without problems. This is because fintech measures the accuracy of the data provided so that there is a match between the displayed data and the customer's character, but such may raise legal problems. This study is conducted with a qualitative approach employing descriptive analysis. Data mining is done through interviews and observations both through websites and literature. The findings of this study indicate that fintech financing may become an option as a medium to bring financial institutions closer to customers and business opportunities. In order to avoid any legal problem that may arise, a direct verification process must still be carried out so as to preclude a possible risk of having unmatched attached customers’ data with their characters.