TY - JOUR
T1 - Peer to peer (P2P) lending problems and potential solutions
T2 - 5th Information Systems International Conference, ISICO 2019
AU - Suryono, Ryan Randy
AU - Purwandari, Betty
AU - Budi, Indra
N1 - Funding Information:
This study was funded by the PIT 9 grant from the University of Indonesia (NKB-0006/UN2.R3.1/HKP.05.00/ 2019).
Publisher Copyright:
© 2019 The Authors.
PY - 2019/1/1
Y1 - 2019/1/1
N2 - There is a growing Financial Technology (Fintech) business model, such as Peer to Peer (P2P) Lending. P2P Lending allows individuals and businesses to borrow and lend money to each other. In its development, China has become the market with the most P2P lending platforms. However, there is a moral hazard that makes this business need to be monitored. This threat begins with verification of the borrower's data that is not appropriate. Whereas in Indonesia Fintech P2P Lending has received special attention, because its regulations and policies have not matured yet. Besides, P2P Lending is considered as a new business to flourish. Consequently, it requires investigation on problems from the implementation of the P2P Lending. This study aims to identify problems in P2P Lending and present alternative technical and non-technical solutions to the problems. By implementing the Kitchenham Systematic Literature Review (SLR) approach from the ACM, AIS, IEEE, SCOPUS, and Science Direct databases, this research finds a rich picture, creates a table of problem identification and alternative solutions.
AB - There is a growing Financial Technology (Fintech) business model, such as Peer to Peer (P2P) Lending. P2P Lending allows individuals and businesses to borrow and lend money to each other. In its development, China has become the market with the most P2P lending platforms. However, there is a moral hazard that makes this business need to be monitored. This threat begins with verification of the borrower's data that is not appropriate. Whereas in Indonesia Fintech P2P Lending has received special attention, because its regulations and policies have not matured yet. Besides, P2P Lending is considered as a new business to flourish. Consequently, it requires investigation on problems from the implementation of the P2P Lending. This study aims to identify problems in P2P Lending and present alternative technical and non-technical solutions to the problems. By implementing the Kitchenham Systematic Literature Review (SLR) approach from the ACM, AIS, IEEE, SCOPUS, and Science Direct databases, this research finds a rich picture, creates a table of problem identification and alternative solutions.
KW - Fintech
KW - P2P lending
KW - Systematic literature review
UR - http://www.scopus.com/inward/record.url?scp=85078923597&partnerID=8YFLogxK
U2 - 10.1016/j.procs.2019.11.116
DO - 10.1016/j.procs.2019.11.116
M3 - Conference article
AN - SCOPUS:85078923597
VL - 161
SP - 204
EP - 214
JO - Procedia Computer Science
JF - Procedia Computer Science
SN - 1877-0509
Y2 - 23 July 2019 through 24 July 2019
ER -