LENDING BANKING AND FINANCIAL TECHNOLOGY PEER-TO-PEER LENDING BETWEEN DISRUPT OR CREATIVITY
Keywords:
ppkm, p2pl, digital transformationAbstract
This study provides a conceptual model related to solving problems that have arisen since the emergence of financial technology (fintech) Peer-to-Peer Lending (P2PL) in Indonesia, where P2PL currently has disrupted bank lending. Meanwhile, the policies implemented by the Indonesian government have implemented Restrictions on Emergency Community Activities (PPKM) to deal with the COVID-19 pandemic, which has economic consequences. PPKM itself generally limits community mobility, reduces commodity distribution, and has implications for economic activities. Moreover, the still depressed macroeconomic conditions will put pressure on the financial sector's performance, including the banking sector. In addition, changes in social activities in a society where people are currently limited in all their activities have encouraged digital economic activities, and that is also why lending banks are rushing to enter the era of digital transformation. Our qualitative results confirm that lending banks can strike back at p2pl because they have competitive challenges.
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