The Existence of Regulatory Sandbox to Encourage the Growth of Financial Technology in Indonesia

Hapsari, Recca Ayu; Maroni, Maroni; Satria, Indah; Ariyani, Nenni Dwi

doi:10.25041/fiatjustisia.v13no3.1739

Cited by 8 publications

(7 citation statements)

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“…By providing applications of this service, people who need funds can simply create an account on the provider of loan and funding services for the participation and download of information on the amount of the funds necessary for the use of funds and other relevant information." 3 Pengembangan Fintech di Indonesia telah menghasilkan peningkatan jumlah pengguna internet dan smartphone di Indonesia. Menurut hasil survei Asosiasi Layanan Internet Indonesia (APJII) untuk periode trisemester II/2020, total pengguna internet di Indonesia adalah 196,7 juta.…”

Section: Pendahuluan Latar Belakangmentioning

confidence: 99%

Perlindungan Data Konsumen Pengguna Fintech Terhadap Penyalahgunaan Data Baik Sengaja Maupun Tidak Sengaja Terhadap Serangan Hacker dan Malware (Studi Pada Lembaga Perlindungan Konsumen di Lampung)

Negara

Rusli

Hapsari

2023

jbh

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Perlindungan konsumen yaitu semua upaya yang menjamin keberadaan kepastian hukum dan untuk memberi perlindungan bagi konsumen. Penelitian ini guna untuk mengetahui perlindungan dan pertanggungjawaban hukum terhadap penyalahgunaan data konsumen pengguna fintech terhadap serangan hacker dan malware. Tata cara riset ini dilakukan dengan menggunakan pendekatan yuridis normatif yuridis empiris dengan data sekunder serta data primer. Analisis yang digunakan adalah analisis kualitatif. Hasil dari penelitian ini disimpulkan bahwa perlindungan hukum terhadap penyalahgunaan data konsumen fintech saat ini diatur dalam PP No. 71 Tahun 2019 tentang Penyelenggaraan Sistem Transaksi Elektronik, dalam Pasal 14 ayat (1) tentang Penyelenggaraan Sistem Elektronik (PSE). Pertanggungjawaban terhadap penyalahgunaan data pribadi konsumen fintech adalah para pihak penyelenggara berhak bertanggungjawab atas penyalahgunaan data konsumen fintech, menurut beberapa peraturan pihak penyelenggara dikenakan sanksi yaitu, berupa teguran tertulis denda administratif seperti: penghentian sementara, pemutusan akses, dan dikeluarkan dari daftar.

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Section: Pendahuluan Latar Belakangmentioning

confidence: 99%

Perlindungan Data Konsumen Pengguna Fintech Terhadap Penyalahgunaan Data Baik Sengaja Maupun Tidak Sengaja Terhadap Serangan Hacker dan Malware (Studi Pada Lembaga Perlindungan Konsumen di Lampung)

Negara

Rusli

Hapsari

2023

jbh

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“…Furthermore, judicial institutions will need to balance and strengthen legal instruments, to preserve the quality of public confidence in the rule of law. The government will balance national interests and business players' interests with the comprehensiveness of legal instruments (Hapsari et al, 2019). The government should act as a regulator and facilitator, fostering an environment in Indonesia that is conducive to fintech growth.…”

Section: Hypothesis Testmentioning

confidence: 99%

Factors Influencing the Consumer’s Decision Using Financial Technology: Case Study in Jakarta

Risqiani

Ginting²

2022

j. ekonomi & kebijak. publik

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Economic evolution started with the first wave of the industrial revolution. Economic evolution brought about changes in the economy. One of these effects is the advancement of technology, which has increased the use of Financial Technology (Fintech) in Indonesia. Fintech usage has risen in Indonesia, particularly in Jakarta. The study’s goal is to look at the elements that influence people’s decision to keep using fintech services. The study used non-probability sampling methods to obtain data from fintech users in Jakarta aged 17 to 35 years old over the research period of March to May 2020. The data was analyzed by using Structural Equation Model (SEM) with the AMOS software program. This study found that competitive pressures in technology services and the ease of digital technology offer consumers a wide range of options. Customers easily switch to other technology services at a reasonably affordable price. The study also found that variable consumer perceptions of benefits and trust variables in fintech services influence consumer attitudes. However, these two variables have no direct effect on the desire to continue using fintech services. Variable risk perception does not affect the attitude and desire of consumers to continue using fintech services. Variable attitudes affect the desire to continue using fintech services. The study results showed that increasing the penetration of fintech and continue consumers to continue to use fintech. It is necessary to improve risk perception to fintech used by consumers.Keywords: fintech, benefit and risk perception, Structural Equation Model AbstrakPerkembangan evolusi perekonomian dimulai dari gelombang pertama hingga masuk revolusi industri membawa perubahan terhadap perekonomian. Salah satu dampak tersebut adalah semakin berkembangnya teknologi. Perkembangan teknologi membawa dampak terhadap peningkatan Financial Technology (Fintech) di Indonesia. Penggunaan fintech di Indonesia mengalami peningkatan khususnya penggunaan fintech di Jakarta. Penelitian ini bertujuan untuk menganalisis faktor-faktor yang memengaruhi niat untuk terus memanfaatkan layanan fintech. Studi ini mengumpulkan data dari pengguna fintech di Jakarta yang berusia 17 hingga 35 tahun menggunakan metode non-probability sampling dengan periode penelitian dari bulan Maret – Mei tahun 2020. Analisis data menggunakan Structural Equation Model (SEM) dengan program software AMOS. Studi ini menemukan bahwa tekanan persaingan dalam layanan teknologi dan kemudahan teknologi digital menawarkan konsumen berbagai pilihan. Konsumen dengan mudah beralih ke layanan teknologi lain dengan harga yang cukup terjangkau. Penelitian ini juga menemukan bahwa variabel persepsi konsumen terhadap manfaat dan variabel kepercayaan terhadap layanan fintech berpengaruh terhadap sikap konsumen. Namun, kedua variabel tersebut tidak berpengaruh langsung terhadap keinginan untuk terus menggunakan layanan fintech. Variabel persepsi risiko tidak memengaruhi sikap dan keinginan konsumen untuk tetap menggunakan layanan fintech. Variabel sikap memengaruhi keinginan untuk terus menggunakan layanan fintech. Hasil studi menunjukkan bahwa penetrasi fintech meningkat dan konsumen terus menggunakan fintech. Persepsi risiko terhadap fintech yang digunakan konsumen perlu ditingkatkan.Kata kunci: fintech, manfaat dan persepsi risiko, Structural Equation Model

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“…However, the difference in authority between the two lies in the scope of supervision, OJK Regulatory Sandbox focuses on financial services such as crowdfunding and P2P lending. Whereas BI Regulatory Sandbox handles product related to payment services such as GoPay and OVO (Hapsari, et al, 2019).…”

Section: Regulatory Authoritiesmentioning

confidence: 99%

Financial Technology Regulation in Malaysia and Indonesia: A Comparative Study

Diniyya

Aulia

Wahyudi

2021

IJIEFB

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Introduction to The Problem: The era of innovation in information technology has emerged to ease daily commercial transactions. The innovation in financial technology has created numerous new business model to cater the customers’ need. This development needs a regulation and supervision to avoid chaos in the financial system. Particularly in Indonesia and Malaysia, which both countries were recorded by CCAF to be among the top countries in the ASEAN region by the number of fintech firms.Purpose/Objective Study: This study is aimed to analyze the financial technology regulation and supervision in Indonesia and Malaysia.Design/Methodology/Approach: The comparative study is conducted to compare the regulatory environment related to Digital payment, Equity Crowdfunding, P2P lending, Crypto Asset, Consumer protection, cybersecurity law and Islamic fintech in both countriesFindings: The study found that compared to Malaysia, Indonesia has lack of jurisdiction that protecting the customer from the cyber-attack which highly threatening the fintech industry. Both countries also treat ICO differently. Malaysia treats it under RMO guidelines, while Indonesia banned it as the method of payment but still allows the trading of ICO as a commodity under Commodity Futures Regulatory Agency.

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The Existence of Regulatory Sandbox to Encourage the Growth of Financial Technology in Indonesia

Cited by 8 publications

References 0 publications

Perlindungan Data Konsumen Pengguna Fintech Terhadap Penyalahgunaan Data Baik Sengaja Maupun Tidak Sengaja Terhadap Serangan Hacker dan Malware (Studi Pada Lembaga Perlindungan Konsumen di Lampung)

Perlindungan Data Konsumen Pengguna Fintech Terhadap Penyalahgunaan Data Baik Sengaja Maupun Tidak Sengaja Terhadap Serangan Hacker dan Malware (Studi Pada Lembaga Perlindungan Konsumen di Lampung)

Factors Influencing the Consumer’s Decision Using Financial Technology: Case Study in Jakarta

Financial Technology Regulation in Malaysia and Indonesia: A Comparative Study

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