The Role of Indonesian Government in Protecting Borrowers’ Data of P2P Fintech Lending Platform

Abstract

The responsibility of the government is to protect all activities of its citizens, including activities about technology that are growing so fast, one of the problems is the increasing public interest in Peer to Peer Online Financial technology which encourages the enhancement of financial inclusion in Indonesia. This study analyse government regulations on financial services authority regulation No. 77 / POJK.01/2016 concerning Information Technology-Based Lending and Borrowing Services, even though it has been regulated about lending and borrowing services, the government does not seem ready enough to faceagainst regulatory issues related to criminal acts related to the protection of personal data. Basically, the problems that arise require the consequences of inter-agency or ministerial relations, for example in the ministry of communication and information (kemkominfo) with financial service authority institutions. Through the method of statute approach, qualitatively, this study shows that the government needs to use the regulations of lexspecialis to protect customer data that is often misused by many loan service companies through online technology.