Financial Technology (FinTech): Karakteristik dan Kualitas Pinjaman pada Peer to Peer Lending di Indonesia

Abstract

Abstract. The business concept changes from conventional (off-line) to digital (on-line) to win the competition, including businesses in the financial sector through Financial Technology (FinTech). This study aims to analyze the characteristics and quality of loans in FinTech-Peer to Peer (P2P) Lending in Indonesia. The object of the research is the 72 companies of FinTech-P2P lending. The analysis tool uses loan quality ratio analysis and data trends from January to October 2018. The results of the study found that the number of borrower and lender accounts increased 10.8 times and 1.8 times compared to the previous year. P2P lending disburses loan funds amounting to Rp.15,990,143,141,355 as of October 2018, this number has grown dramatically 5.3 times compared to January 2018. Most of the loan funds in P2P lending are current loans with payments for no more than 30 days. The average loan quality in P2P lending is dominated by current loans of 97.09%, the remaining non-current loans (1.90%), and bad loans (1.03%) each month. The low non-Performing Loan shows the quality of good financial transactions and indicates a good prospect for investors to invest in FinTech-P2P lending in Indonesia. The limitation of this study is to use monthly data in one period to be analyzed. This research information is a matter of consideration for the community in using FinTech-P2P Lending to fund loans and invest. \n \nKeywords: Financial technology, P2P lending, characteristics, loan quality, Indonesia

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