The Way Banks have Managed Their Business since the Emergence of Fintech P2PL in Indonesia

Abstract

This paper highlights the phenomenon since the emergence of Peer-to-Peer lending (P2PL) because the consequences of its emergence can disrupt banking development and can also capture the market. Banks must be prepared to compete with P2PL fintech and encouraged by the Covid-19 pandemic. Restrictions on mobilization are also an obstacle for banks, is going digital the solution? And when banking transforms into digital, it can lead to competition between the Bank and Fintech P2PL in the future. The research philosophy of this research will be carried out pragmatism. The authors will use qualitative research for the research methodology because it does not aim to test or prove the theory about P2PL and banking. After all, the theory has not been researched. Using a semi structured interview, starting with a list of predetermined themes and some key questions related to p2pl fintech and banking themes to guide each interview behavior. The contribution of this research will be divided into three, to serve as a reference in carrying out the business transformation from traditional to digital, to be a reference in making regulations, and as literature and reference for future research.

Keyword:disrupt, banking, p2pl