Who Should Regulate The Industry of Financial Technology?
(1) President University
(2) Prasetiya University
Abstract
Financial technology (fintech) has outgrown its capacity. Industry supervision and consumer protection have become a challenge. Until now, the Indonesian Financial Services Authority (OJK) has been considered responsible for supervising the financial technology industry. The purpose of this research is to determine whether the Indonesian Financial Services Authority is capable of leading the fintech industry and whether a separate agency to oversee the fintech industry is necessary. This study employs a normative juridical methodology. This study examines the entire financial industry. According to this research, the Indonesian Financial Services Authority lacks the authority to regulate the fintech industry. The government should enact special legislation and regulations to govern the fintech industry. The regulator must consider creating a separate agency to supervise the fintech industry, similar to the Indonesian Financial Services Authority. This particular agency is comprised of individuals with ties to the financial sector, the telecommunications industry, and other law enforcement personnel.
Keywords
Full Text:
PDFReferences
Benuf, K., Njatrijani, R., Priyono, E. A., & Adhim, N. (2020a). Pengaturan Dan Pengawasan Bisnis Financial. Dialogia Iuridica: Jurnal Hukum Bisnis Dan Investasi, 11(2), 46–69.
Benuf, K., Priyono, E. A., Mahmudah, S., Badriyah, S. M., Rahmanda, B., & Soemarmi, A. (2020b). Efektifitas Pengaturan dan Pengawasan Bisnis Financial Technology (Peer to Peer Lending) di Indonesia. Pandecta: Research Law Journal, 15(2), 198–206. Retrieved from https://journal.unnes.ac.id/nju/index.php/pandecta/article/view/21777
Disemadi, H. S. (2021). Fenomena Predatory Lending: Suatu Kajian Penyelenggaraan Bisnis Fintech P2P Lending selama Pandemi COVID-19 di Indonesia. Pandecta Research Law Journal, 16(1), 55–67. Retrieved from https://journal.unnes.ac.id/nju/index.php/pandecta/article/view/26860
Emmanuela Issubagyo, Z., & Budi Kharisma, D. (2019). Tantangan Dan Hambatan Otoritas Jasa Keuangan Dalam Pengawasan Equity Crowdfunding. Jurnal Pasca Sarjana Hukum UNS, 7(2), 302–311. https://doi.org/10.20961/hpe.v7i2.43476
Ernama Santi, Budiharto, & Saptono, H. (2017). Pengawasan Otoritas Jasa Keuangan Terhadap Financial Technology ( Peraturan Otoritas Jasa Keuangan Nomor 77/Pojk.01/2016). Diponegoro Law Journal, 6(3), 1–20.
Faried, F. S., & Dewi, N. (2020). Peran Otoritas Jasa Keuangan Dalam Pengaturan Dan Pengawasan Jasa Layanan Keuangan Berbasis Teknologi (Financial Technology). Jurnal Supremasi Jurnal Ilmiah Ilmu Hukum, 10(1), 12–22.
Fauzia Mutia. (2021). Mengenal OJK Tujuan Pembentukan Tugas Fungsi dan Wewenangnya. Kompas.com.
Firanda, G. A., Prananningtyas, P., & Lestari, S. N. (2019). Nagih Utang (Debt Collector) Pinjaman Online Berbasis Financial Technology. Diponegoro Law Journal, 8(4), 2523–2538.
Fitriyani Pakpahan, E., Jessica, J., Winar, C., & Andriaman, A. (2020). Peran Otoritas Jasa Keuangan (OJK) dalam Mengawasi Maraknya Pelayanan Financial Technology (Fintech) di Indonesia. Jurnal Magister Hukum Udayana (Udayana Master Law Journal), 9(3), 559. https://doi.org/10.24843/jmhu.2020.v09.i03.p08
Franedya, R., & Bosnia, T. (2018). Ini Dia Empat Jenis Fintech di Indonesia. Retrieved from https://www.cnbcindonesia.com/tech/20180110145800-37-1126/ini-dia-empat-jenis-fintech-di-indonesia
Komisi XI Dewan Perwakilan Rakyat. (2021). Tidak Cukup Peraturan OJK, Perlu UU untuk Atur Fintech.
Kurniati, Rezki, J. (2016). Seminar Nasional Industri dan Teknologi (SNIT), Politeknik Negeri Bengkalis. Perancangan Aplikasi Antrian Pasien Di Rumah Sakit Menggunakan Metode Fast, 270–276.
Johan, S. (2020). Users’ acceptance of financial technology in an emerging market (An empirical study in Indonesia). Jurnal Ekonomi Dan Bisnis, 23(1), 173–188. https://doi.org/10.24914/jeb.v23i1.2813
Johan, S. (2021a). Peer-to-peer Lending’s Customer Profile: Empirical Research on Indonesia’s Financial Technology Market. Southeast Asian Journal of Economics, 9(1), 103–120.
Johan, S. (2021b). Knowing Company Secrets Through Employee Posts on Social Media. Diponegoro Law Review, 6(2), 203–216. https://doi.org/10.14710/dilrev.6.2.2021.203-216
Johan, S., & Vania, I. (2021). Application of Herfindahl-Hirschman Index in Measuring Concentration Level of Financial Technology Industry. 10th International Conference on Business Entrepreneurship and Management, 39.
Njatrijani, R. (2019). Perkembangan Regulasi Dan Pengawasan Financial Technology di Indonesia. Diponegoro Private Law Review, 4(1), 462–474. Retrieved from https://ejournal2.undip.ac.id/index.php/dplr/article/view/5109
Otoritas Jasa Keuangan. (2016). FAQ: Kategori Umum (Vol. 1, pp. 14–16). Vol. 1, pp. 14–16.
Pramana, I. W. B., Atmadja, I. B. P., & Sutama, I. B. P. (2014). Peranan Otoritas Jasa Keuangan Dalam Mengawasi Lembaga Keuangan Non Bank Berbasis Financial Technology Jenis Peer to Peer Lending. Kertha Semaya: Jurnal Ilmu Hukum, 2(14), 1–23.
POJK No. 77/POJK.01/2016 tentang Layanan Pinjam Meminjam Uang Berbasis Teknologi Informasi
Pranita, N. K. P., & Suardana, I. W. (2021). Perlindungan Hukum Terhadap Nasaba Pengguna Layanan Fintech (Financial Technology). Kertha Semaya: Jurnal Ilmu Hukum, 2013–2015.
Salvasani, A., & Kholil, M. (2020). Penanganan TerhadaP Financial Technology Peer-To-Peer lending Ilegal MelaluI OTOrITas Jasa Keuangan (studi Pada OJK Jakarta Pusat). Jurnal Privat Law, 8(2), 252. https://doi.org/10.20961/privat.v8i2.48417
Stefanie, E., & Suherman. (2020). Urgensitas Pengoptimalan Peraturan Otoritas Jasa Keuangan Terkait Financial Technology ( Urgensity Optimization Regulation of Financial Services Authority Related To Financial Technology ). 2nd National Conference on Law Studies: Legal Development Towards A Digital Society Era, 93–106.
Ulya, N., & Musyarri, F. (2020). Reformulasi Pengaturan Mengenai Financial Technology Dalam Hukum Positif Di Indonesia. Arena Hukum, 13(3), 479–500. https://doi.org/10.21776/ub.arenahukum.2020.01303.5
Undang Undang No. 21 Tahun 2011 tentang Otoritas Jasa Keuangan
Refbacks
- There are currently no refbacks.
