Compare with the Conditions of Increasing Fintech in the Pandemic Era

Abstract

Technological developments affect all fields including the economic sector and in the current pandemic era, it is said to be a fast solution for people in search of technology. One of the most popular technologies is financial technology (fintech). Fintech is a financial services company that combines technology in providing services, the existence of fintech is not only running but a complaint for the public, especially peer to peer lending fintech, whose interest is too high so that members of the public. The formulation of the problem in the research is, first, how is the urgency of regulations related to peer-to-peer lending interest rates? Second, what is the situation related to the development of peer-to-peer lending fintech during the Covid 19 pandemic and its impact on society? This study uses a normative legal research method with an invitation visit approach and a conceptual approach. The method of thinking that the writer uses is the method of inductive thinking with qualitative analysis. From these results, first, there must be a regulation governing the law to accommodate interest rate issues, the substance of which is in the form of preventive action and representation from the government, namely stipulating P2P lending interest rate intervals and classification information. Regarding loans and not only contains material provisions on the threat of sanctions, but also sanctions as formal content. Other than that. Second, the impact of the current Covid-19 pandemic on the development of peer-to-peer lending technology and the impact of problems that arise in society.