LEGAL PROTECTION OF THE PARTIES OF THE LENDING BASED FINANCE TECHNOLOGY AS INTERMEDIATE INSTITUTION IN INDONESIA

DOI

10.2991/iclgg-17.2018.37How to use a DOI?

Keywords

Characteristic, Peer to Peer Lending, Financial Technology, Mitigation Risk, Legal Protection.

Abstract

It has been commonly known that it is not easy for micro, small and medium enterprises (hereinafter referred to as MSMEs) and start up business to have access to the bank loans as a means of financing due to strict banking regulations imposed. These business really need financially supports by financier and legal protections from the goverment. In Indonesia, the category and classification of MSMEs is regulated in Act No. 20 of 2008. In digitalisation era, the legislation, and supervision have to adopt to the new innovation platform. In concequence, Financial Services Authority/ Otoritas Jasa Keuangan (hereinafter referred to as OJK) has prescribed about Lending Service Based on Financial Technology No.77/POJK.01/2016 and has established Circular Letter of the Financial Services Authority Number 18 / SEOJK.02 / 2017 on Risk Management and Governance on Lending Service Based on Financial Technology. Based on normative methodoly research, the authors will apply conceptual approach in the light proximity of banking law and commercial jurisprudence perspective, this article will examine the characteristic of peer to peer lending fintech service and the mitigation risk of financial technology service in order to the legal protection for the contracting parties.

Copyright

© 2018, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Trisadini Usanti
AU  - Fiska Roro
PY  - 2017/11
DA  - 2017/11
TI  - LEGAL PROTECTION OF THE PARTIES OF THE LENDING BASED FINANCE TECHNOLOGY AS INTERMEDIATE INSTITUTION IN INDONESIA
BT  - Proceedings of the International Conference on Law, Governance and Globalization 2017 (ICLGG 2017)
PB  - Atlantis Press
SP  - 282
EP  - 295
SN  - 2352-5398
UR  - https://doi.org/10.2991/iclgg-17.2018.37
DO  - 10.2991/iclgg-17.2018.37
ID  - Usanti2017/11
ER  -