Financial Technology Risk Analysis for Peer to Peer Lending Process: A Case Study of Sharia Aggregator Financial Technology

Abstract

Financial technology (Fintech) is an amalgamation of financial management using a technology system. Fintech has become a public concern because this service provides many service features to make it easier from the financial side, such as being used in cooperative financial institutions, banking and insurance. This paper will analyze the opportunities and challenges of Fintech sharia in Indonesia. By exploring the existing literature, this article will try to answer that question. This research is carried out using a literature review approach and comparative qualitative method which will determined the results of the SWOT analysis of sharia financial technology in indonesia. It is needed to mitigate risk of funding in a peer to peer method in overcoming the security of funds and data from investors, firstly companies can perform transparency on the clarity of investor funds. This is done as one of the facilities provided to investors in the Fintech application. In the future, it is hoped that in facing competition, sharia-based fintech companies must be able to provide targeted services through the socialization of sharia fintech to the public, both online and offline. Investors are expected to be more careful before investing in choosing Fintech Peer to Peer (P2P) Lending services by checking the list of Fintech lending and lending companies registered and found by the Financial Services Authority (OJK).