Proceedings of the 1st Paris Van Java International Seminar on Health, Economics, Social Science and Humanities (PVJ-ISHESSH 2020)

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The Impact of Financial Technology Peer-to-Peer Lending (P2P Lending) on Growth Credit Rural Bank

Authors
Agustina Eka Harjanti, Hasna Mudiarti, Bonnix Hedy
Corresponding Author
Agustina Eka Harjanti
Available Online 8 March 2021.
DOI
10.2991/assehr.k.210304.162How to use a DOI?
Keywords
Financial, Technology, peer-to-peer Lending, P2P Lending, Bank
Abstract

The competition faced by the Rural Bank (BPR) industry is getting more intensed. A few years ago, the Commercial Bank through the Micro Credit Program (Kredit Usaha Rakyat/KUR) became main competitor in distributing working capital loans or tconsumptive loans. However, new competitor is currently emerging in the financial sector, that is institution based on financial technology (fintech). Fintech can provide financial products and services that are easy, effective, efficient, and fast. The focus of this research is on fintech peer-to-peer lending (p2p lending). The purpose of this study is to describe the impact of financial technology peer-to-peer lending on BPR credit growth. This study used qualitative descriptive approach with literature review method. Data analyzed used reducing data, presenting data, and making conclusions. The result showed that peer-to-peer lending impacting BPR credit growth due to regulations and relevant institutions that supporting fintech’s development. BPRs must be able to develop or innovate the products and services provided to the public or customers. BPRs can also collaborate with Fintech p2p lending to advance improvement and efficiency in term of services provided by the BPRs.

Copyright
© 2021, 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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Volume Title
Proceedings of the 1st Paris Van Java International Seminar on Health, Economics, Social Science and Humanities (PVJ-ISHESSH 2020)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
8 March 2021
ISBN
10.2991/assehr.k.210304.162
ISSN
2352-5398
DOI
10.2991/assehr.k.210304.162How to use a DOI?
Copyright
© 2021, 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/).

Cite this article

risenwbib
TY  - CONF
AU  - Agustina Eka Harjanti
AU  - Hasna Mudiarti
AU  - Bonnix Hedy
PY  - 2021
DA  - 2021/03/08
TI  - The Impact of Financial Technology Peer-to-Peer Lending (P2P Lending) on Growth Credit Rural Bank
BT  - Proceedings of the 1st Paris Van Java International Seminar on Health, Economics, Social Science and Humanities (PVJ-ISHESSH 2020)
PB  - Atlantis Press
SP  - 715
EP  - 719
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.210304.162
DO  - 10.2991/assehr.k.210304.162
ID  - Harjanti2021
ER  -