Proceedings of the International Conference on Law Studies (INCOLS 2022)

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The Existence of Financial Services Authority in Protecting Personal Data Users of Peer-to-Peer Lending Financial Technology

Authors
Dwi Aryanti Ramadhani1, *, Muthia Sakti1, Yuliana Yuli Wahyuningsih1, Nabila Amelia Putri1
1Faculty of Law, Universitas Pembangunan Nasional Veteran Jakarta, Depok, Indonesia
*Corresponding author. Email: dwiaryanti@upnvj.ac.id
Corresponding Author
Dwi Aryanti Ramadhani
Available Online 9 December 2022.
DOI
10.2991/978-2-494069-23-7_5How to use a DOI?
Keywords
Peer-to-peer lending; Financial Services Authority; Personal Data
Abstract

Users of peer-to-peer lending services can easily apply for loans without a down payment and with full disclosure of their personal information. These types of conveniences in the technologically oriented financial services sector are growing and support Financial Services Authority regulation. The ease of borrowing and borrowing in the fintech peer-to-peer lending sector is a result of legal issues with personal data. Borrowers’ late payments may force fintech peer-to-peer lending companies to grant access to their data. The issue in this study is OJK’s attempts to stop the release of personal information about users of fintech peer-to-peer lending services and the legal actions that these services may take in the event of a personal information breach. A normative juridical approach was used to qualitatively analyze the research. A statutory and conceptual approach to a literature review was used to gather the research data. The study’s findings suggest that in order to secure the personal information of users of fintech peer-to-peer lending services and improve the OJK’s regulatory authority, rules are required that can close legal gaps in the legislation.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the International Conference on Law Studies (INCOLS 2022)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
9 December 2022
ISBN
10.2991/978-2-494069-23-7_5
ISSN
2352-5398
DOI
10.2991/978-2-494069-23-7_5How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Dwi Aryanti Ramadhani
AU  - Muthia Sakti
AU  - Yuliana Yuli Wahyuningsih
AU  - Nabila Amelia Putri
PY  - 2022
DA  - 2022/12/09
TI  - The Existence of Financial Services Authority in Protecting Personal Data Users of Peer-to-Peer Lending Financial Technology
BT  - Proceedings of the International Conference on Law Studies (INCOLS 2022)
PB  - Atlantis Press
SP  - 40
EP  - 49
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-494069-23-7_5
DO  - 10.2991/978-2-494069-23-7_5
ID  - Ramadhani2022
ER  -