Challenges in P2P Lending Development: Collaboration with Tourism Commerce

Suryono, Ryan Randy; Marlina, Ekawati; Purwaningsih, Mardiana; Sensuse, Dana Indra; Sutoyo, Mochammad Arief Hermawan

doi:10.1109/icomitee.2019.8921349

Cited by 8 publications

(7 citation statements)

References 11 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…In the field of information systems, research can discuss technology adoption, including combining user acceptance models with other behavioral models [19][20][21][22][23][24][25][26]. Collaboration on the fintech business model with other industries is also possible (particularly for funding) [109]. It is also feasible to measure the maturity of the technology used and provide technical and non-technical recommendations [121], use social media data to analyze public opinion on the development of fintech [122,123], and review policies to create regulations that are acceptable to stakeholders and in accordance with the fintech system [121].…”

Section: Discussionmentioning

confidence: 99%

See 1 more Smart Citation

Challenges and Trends of Financial Technology (Fintech): A Systematic Literature Review

2020

Self Cite

View full text Add to dashboard Cite

Digital transformation creates challenges in all industries and business sectors. The development of digital transformation has also clearly triggered the emergence of fintech (financial technology) initiatives, which are recognized as some of the most important innovations in the financial industry. These initiatives are developing rapidly, driven in part by the sharing economy, regulations, and information technology. However, research in the field of fintech remains in its infancy. Fintech offers several services, such as funding, payment (including electronic wallets), e-aggregators, e-trading, and e-insurance, and cryptocurrencies such as Bitcoin. This provides an opportunity to more closely examine fintech’s research challenges and trends. This study aims to (1) determine the state of the art of financial technology research; (2) identify gaps in the financial technology research field; and (3) identify challenges and trends for future research potential. The novel proposal in this study includes theoretical contributions regarding financial technology. Using the systematic literature review approach of Kitchenham, in addition to thematic analysis, meta-analysis and observation to validate the quality of literature and analysis, the results of this study provide a theoretical basis fintech research from an information systems perspective, including the formulation of fintech technology concepts and their development.

show abstract

Section: Discussionmentioning

confidence: 99%

“…Fintech should no longer be considered a disruptive business. Good relationships are required between fellow financial service industries, such as banks [113], and good relationships between fintech and regulators significantly affect the continuation of fintech practices [109]. Fintech should be able to aid transition of the economy.…”

Section: Recommendationsmentioning

confidence: 99%

Challenges and Trends of Financial Technology (Fintech): A Systematic Literature Review

2020

Self Cite

View full text Add to dashboard Cite

show abstract

“…P2P lending provides facilities for fund owners to provide loans directly to debtors with higher returns, while fund borrowers can apply for credit directly to fund owners with easier terms and a faster process compared to conventional financial institutions ( Suryono et al., 2021 ). Investing in P2P lending is considered capable of providing a fairly high return, but investing in the platform must be in accordance with the profile, risk appetite of each and how to manage it ( Suryono et al., 2019 ; Liu et al., 2019 ; Suryono et al., 2021 ). Therefore, the very first step in the investment process in P2P lending is to understand the risks.…”

Section: Literature Reviewmentioning

confidence: 99%

A Bibliometric mapping of peer-to-peer lending research based on economic and business perspective

Kholidah

Hijriah²,

Mawardi³

et al. 2022

Heliyon

View full text Add to dashboard Cite

“…Variables Performance Expectancy, Social Influence, and Effort Expectancy can influence behavioral intention using a P2P lending platform ( Wang et al., 2019 ). Apart from being viewed from the adoption side, the fintech lending model has begun to develop into funding in various aspects of daily life, such as tourism travel and another long and short-term financing ( Suryono et al., 2019a ). To that end, measurements of the System Usability Scale (SUS), User Interface Satisfaction Questionnaires (QUIS), and Retrospective Think Aloud (RTA) of the p2p lending application have been measured ( Nugraha et al., 2019 ).…”

Section: Literature Reviewmentioning

confidence: 99%

“…Fintech-type P2P lending is a practice of lending and borrowing funds without a bank institution as an intermediary ( Yunus, 2019 ). P2P lending is an online loan platform that links lenders and individual borrowers and offers microcredit ( Suryono et al., 2019a ). This innovation is a solution that helps micro, small and medium enterprises gain access to capital ( Abubakar and Handayani, 2018 ).…”

Section: The Relationship Between the Findings And P2p Lending Practicesmentioning

confidence: 99%

Detection of fintech P2P lending issues in Indonesia

Suryono

Budi

Purwandari

2021

Heliyon

Self Cite

View full text Add to dashboard Cite

Financial technology (fintech) is a growing industry in Indonesia, supported by advances in the technological infrastructure. At the end of 2019, the Financial Services Authority (OJK), the financial authority in Indonesia, recorded 164 registered and licensed fintech (P2P lending) companies. However, since early 2018, the Investment Alert Task Force (SWI) and the Ministry of Communication and Information Technology have blocked 1,350 illegal fintech platforms. Illegal fintech lending practices have mechanisms beyond the responsibility and authority of the OJK, including the risk of collection and distribution of personal data. The essence of this study is to discuss the landscape of fintech P2P lending in Indonesia from Indonesian Online News data, explore cases of fintech p2p lending in Indonesia, and understand the rules and policies. Qualitative research with a case study approach and Focus Group Discussion techniques were used to obtain data from 4 stakeholders in the Fintech P2P Lending Industry in Indonesia. VOS Viewer software is used to build keywords from Indonesian Online News collections, NVIVO 12 qualitative software is used to assist data analysis. The research found the keyword clusters most frequently discussed in the Indonesian Online News collection and five case themes such as public awareness about P2P lending (user understanding), data leakage, and restriction of data access, including personal data protection, personal data fraud, illegal fintech lending, and Product marketing ethics.

show abstract

Challenges in P2P Lending Development: Collaboration with Tourism Commerce

Cited by 8 publications

References 11 publications

Challenges and Trends of Financial Technology (Fintech): A Systematic Literature Review

Challenges and Trends of Financial Technology (Fintech): A Systematic Literature Review

A Bibliometric mapping of peer-to-peer lending research based on economic and business perspective

Detection of fintech P2P lending issues in Indonesia

Contact Info

Product

Resources

About