Peer to Peer (P2P) Lending Problems and Potential Solutions: A Systematic Literature Review

Suryono, Ryan Randy; Purwandari, Betty; Budi, Indra

doi:10.1016/j.procs.2019.11.116

Cited by 100 publications

(90 citation statements)

References 52 publications

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“…The growing convergence of information technology and financial services in the developing world has led to new research on the fast-moving development of financial technologies such as online lending. Scholars have focused on the interplay of financial products and services, technologies, risks, and institutions, and how they shape outcomes such as financial inclusion and poverty reduction in various national contexts 1 1 USD = 14,363.07 IDR (May 2019) (Shen, 2015;Buckley & Webster, 2016;Stern et al 2017;Tsai 2017;Claessens et al 2018;Malady et al 2018;Bateman et al 2019;Clarke 2019;Singh 2019;Suryono et al 2019;Lai and Samers 2020;Ehrentraud et al 2020;Thakor 2020;Wang et al 2020). Recent reports also examined the potential outcomes of a larger share of fintech-facilitated credit in the economy, finding that while it could increase financial stability by providing access to alternative funding sources and creating efficiency pressures on incumbent banks, it might also weaken lending standards and introduce more procyclical credit provision in the economy (FSB 2017).…”

Section: Literature Reviewmentioning

confidence: 99%

Governing the gold rush into emerging markets: a case study of Indonesia’s regulatory responses to the expansion of Chinese-backed online P2P lending

Tritto

Junaedi

2020

Financ Innov

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Peer-to-peer (P2P) lending has the potential to boost financial inclusion in emerging markets. This paper contributes to the literature on fintech governance in emerging Asian markets. It examines the case of the Indonesian government’s approach in regulating the P2P lending sector using both primary interviews and secondary firm-level data. Driven by regulation tightening in China and regulatory gaps in Indonesia, Chinese investments became the largest in this sector contributing, however, to growing risks from illegal business practices. The Indonesian government responded by creating new regulations and institutions, mitigating risks without stifling the potential for financial inclusion. We conclude a proactive approach towards monitoring and regulating emerging high-tech industries should be sought by strengthening links with industry and civil society, and through international cooperation for policy and knowledge sharing.

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Section: Literature Reviewmentioning

confidence: 99%

Governing the gold rush into emerging markets: a case study of Indonesia’s regulatory responses to the expansion of Chinese-backed online P2P lending

Tritto

Junaedi

2020

Financ Innov

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“…The P2P lending face security-related issue such as the risk of securing the identity, financial information of investors as well as preventing money laundering and cyberattacks (Suryono, Purwandari & Budi, 2019). These kinds of concerns especially arise in developing countries due to the lack of transparency and regulation by the government on the online transaction and investor protection compare to the traditional banking system.…”

Section: Securitymentioning

confidence: 99%

Determination of the Benefits and Risks of Peer-to-Peer (P2p) Lending: A Social Network Teory Approach

Purkayastha

Tuzlukaya

2021

CJFA

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Peer-to-Peer lending which is also known as P2P is an online financial investment platform where individual investors finance projects by lending money to individual borrowers through social networks. P2P models usually contributing to less privileged people especially entrepreneurs and frontier groups who do not have access to formal financial services. However, due to the economic conditions and lack of government support, P2P lending platforms in developing countries often fail to reveal the 'credit history' and 'indebtedness' of individual borrowers which have an expressive impact on loan performance. The objective of this study is to demonstrate theoretically the factors those influence the lenders to participate in the P2P lending platform in Nadia Nahar Purkayastha, Şule Erdem Tuzlukaya 132 developing countries and the associated risks. For this purpose, two propositions are developed to examine the factors to demonstrate the role of the social network is also combined to further explain the P2P lending.

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“…Namun pada sisi lain beberapa penelitian terdahulu menjelaskan bahwa berdasarkan data pada 2019, perusahaan P2P di Cina memiliki tingkat kegagalan mencapai 87,2 % (M. Gao et al, 2020). Oleh karena itu, investor P2P berinvestasi lebih banyak pada pinjaman peminjam yang mereka kenal secara pribadi (Galema, 2020) (Suryono et al, 2019).…”

Section: P2p Lending Atau Lembaga Pinjam Meminjam Berbasis Teknologi unclassified

“…Beberapa negara Asia seperti Korea, China dan Indonesia menunjukkan bahwa P2P Lending merupakan sektor FinTech yang berkembang pesat dari sektor lain (Lee, 2017;Stern et al, 2017;Suryono et al, 2019). Adapun salah satu proses penyaluran pinjaman dari pihak pemberi pinjaman (lender) kepada pihak yang menerima pinjaman (borrower) pada p2p lending adalah sebagai berikut.…”

Section: P2p Lending Atau Lembaga Pinjam Meminjam Berbasis Teknologi unclassified

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Cause and Effect Analysis Penyaluran Kredit P2p Lending Pada Umkm Di Indonesia

Zusryn

2021

JOBS

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Pertumbuhan ekonomi nasional dipengaruhi oleh berkembangnya Usaha Mikro, Kecil, dan Menengah (UMKM). P2P Lending merupakan salah satu bentuk solusi pembiayaan berbasiskan teknologi bagi UMKM. Tujuan pada penelitian ini adalah menganalisis sebab dan dampak penyaluran kredit P2P lending pada UMKM. Analisis data pada penelitian ini menggunakan content analysis. Selain itu, pada penelitian ini melibatkan diagram “fishbone” untuk mendeskripsikan sebab dan dampak pada penyaluran kredit P2P lending. Hasil pada penelitian ini menunjukkan bahwa faktor-faktor yang menyebabkan lambatnya perkembangan kredit P2P lending pada UMKM di Indonesia adanya adanya risiko gagal bayar tinggi pada kredit P2P lending, masih banyak pelaku usaha yang unbankable, masih kurangnya kepercayaan investor, kurangnya kesiapan regulasi, dan kurangnya sosialisasi terkait lembaga penjaminan kredit. Oleh karena itu, solusi pada permasalahan tersebut adalah pembentukan kelompok peminjam dan adanya sistem simpanan rutin untuk membantu jika ada peserta yang gagal bayar. Selain itu diperlukan koordinasi antar lembaga pemerintahan dalam mempersiapkan regulasi terkait keamanan kegiatan bisnis P2P lending dan kerahasiaan data baik pada investor maupun peminjam.

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Peer to Peer (P2P) Lending Problems and Potential Solutions: A Systematic Literature Review

Cited by 100 publications

References 52 publications

Governing the gold rush into emerging markets: a case study of Indonesia’s regulatory responses to the expansion of Chinese-backed online P2P lending

Governing the gold rush into emerging markets: a case study of Indonesia’s regulatory responses to the expansion of Chinese-backed online P2P lending

Determination of the Benefits and Risks of Peer-to-Peer (P2p) Lending: A Social Network Teory Approach

Cause and Effect Analysis Penyaluran Kredit P2p Lending Pada Umkm Di Indonesia

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