Government Affiliation and Fintech Industry: The Peer-to-Peer Lending Platforms in China

Jiang, Jinglin; Liao, Lizi; Wang, Zhengwei; Zhang, Xiaoyan

doi:10.2139/ssrn.3116516

Cited by 11 publications

(7 citation statements)

References 25 publications

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“…At the point when technology and innovation put its fingers in the financial services, FinTech has been conceived, as a major trend of financial innovation. Presently, with this word allude to e-payment, e-transfers, crowdfunding (Chishti, 2016;Jiang et al, 2018;Hendriyani & Raharja, 2019), crowdsource (Kunz & Muralidhar, 2017;Camacho et al, 2019;Sul, 2020), peer-to-peer system (Chishti, 2016;Puschmann, 2017;Mahardhika & Inggis, 2017;Guild, 2017;Jiang et al, 2018;Goldstein et al, 2019) and cryptocurrencies (Goldstein et al, 2019) refer to FinTech. Besides, Pavarotti et al (2018) and Thakor (2020) address financial innovations in terms of incremental strains and intensified competition, the retail payments market remains a vital driver for the entire banking sector.…”

Section: Fintech: Overviewmentioning

confidence: 99%

The Dynamic Relationship between FinTech and Social Distancing under COVID-19 Pandemic: Digital Payments Evidence

Alber¹,

Dabour²

2020

IJEF

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This paper investigats the opportunities of growth under restrictions of social distancing for FinTech. This has been conducted on 10 countries (United States, United Kingdom, Egypt, United Arab Emirates, Saudi Arabia, Japan, South Korea, Italy, India and Nigeria) during the period from March to June 2020. Results indicate that social distancing may affect digital payments. This has been supported for retail and recreation (X1), grocery and pharmacy (X2), transit stations (X4) and workplaces (X5), whithout any evidence about significant effects for parks (X3) and residentials (X6).    

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Section: Fintech: Overviewmentioning

confidence: 99%

The Dynamic Relationship between FinTech and Social Distancing under COVID-19 Pandemic: Digital Payments Evidence

Alber¹,

Dabour²

2020

IJEF

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“…However, that research was also not validated by the traditional peer-review process. As China's Internet-based consumer finance companies have been developing very fast recently, a few studies have begun to focus on one niche area, P2P lending, examining the relations between government affiliation and the development of China's P2P lending platforms (Jiang et al 2018); the risks associated with P2P lending platforms (Li et al 2016); punctuation's effect on readability in the P2P lending market (Chen et al 2018); and the reputation mechanism in P2P lending (Ding et al 2019).…”

Section: September 2018mentioning

confidence: 99%

Chinese consumer finance: a primer

Liu¹

2020

Front. Bus. Res. China

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Chinese consumer finance has been booming recently, especially since 2014. However, research on this topic is scant. This study presents an updated analysis, providing original, significant contributions for academics, investors, and policymakers. We explore five perspectives: (1) macroeconomics: policies adopted by the Chinese government to enhance economic growth through promoting personal consumption; (2) financial market: China's different types of consumer finance institutions and their financing; (3) consumers: improvements in financial inclusion and consumer protections; (4) regulations in the context of supply-side structural reforms; and (5) potential areas for future academic research.

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“…P2P markets first emerged in developed countries with more efficient financial sectors, mature credit core systems, and more effective law enforcement than emerging markets ( Jiang et al., 2018 ). In Indonesia, the solution to meet people's needs for financial services is to use P2P Lending services.…”

Section: Literature Reviewmentioning

confidence: 99%

Detection of fintech P2P lending issues in Indonesia

Suryono

Budi

Purwandari

2021

Heliyon

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Financial technology (fintech) is a growing industry in Indonesia, supported by advances in the technological infrastructure. At the end of 2019, the Financial Services Authority (OJK), the financial authority in Indonesia, recorded 164 registered and licensed fintech (P2P lending) companies. However, since early 2018, the Investment Alert Task Force (SWI) and the Ministry of Communication and Information Technology have blocked 1,350 illegal fintech platforms. Illegal fintech lending practices have mechanisms beyond the responsibility and authority of the OJK, including the risk of collection and distribution of personal data. The essence of this study is to discuss the landscape of fintech P2P lending in Indonesia from Indonesian Online News data, explore cases of fintech p2p lending in Indonesia, and understand the rules and policies. Qualitative research with a case study approach and Focus Group Discussion techniques were used to obtain data from 4 stakeholders in the Fintech P2P Lending Industry in Indonesia. VOS Viewer software is used to build keywords from Indonesian Online News collections, NVIVO 12 qualitative software is used to assist data analysis. The research found the keyword clusters most frequently discussed in the Indonesian Online News collection and five case themes such as public awareness about P2P lending (user understanding), data leakage, and restriction of data access, including personal data protection, personal data fraud, illegal fintech lending, and Product marketing ethics.

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Government Affiliation and Fintech Industry: The Peer-to-Peer Lending Platforms in China

Cited by 11 publications

References 25 publications

The Dynamic Relationship between FinTech and Social Distancing under COVID-19 Pandemic: Digital Payments Evidence

The Dynamic Relationship between FinTech and Social Distancing under COVID-19 Pandemic: Digital Payments Evidence

Chinese consumer finance: a primer

Detection of fintech P2P lending issues in Indonesia

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