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RISK MANAGEMENT IN FINTECH LENDING
Trisadini Prasastinah Usanti, Anindya Prastiwi Setiawati, Nur Utari Setiawati

Departement of Private Law
Faculty of Law - Airlangga University
Jl. Darmawangsa Dalam Selatan, Indonesia. 60286


Abstract

In this global era, fintech offers a fast and easy lending service for people anytime. However, the easy process can cause various problems such as late payment and default in payment. Fintech will suffer from those risks and it can jeopardise the business. Moreover, most of the platforms do not ask for collateral as a requirement. So, in this article, the authors will discuss how fintech should manage their risks in lending using statute and conceptual approach. The results show that fintech should adopt the 5Cs credit analysis (character, capital, capacity, collateral, condition) as a way to minimise their risks. The Financial Services Authority (OJK) has not regulated risk management for fintech. Thus, fintech should follow the existing model from banking institution to manage their risks.

Keywords: management, finance risk, fintech lending

Topic: Trade and Business

Link: https://ifory.id/abstract/WjdGZR729fED

Conference: The 1st International Conference on Trade, Business, Human Rights, and Globalization (ICTBHRsG 2019)

Plain Format | Corresponding Author (Trisadini Usanti)

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