The era of globalization is an era where the use of technology is easy and the use
of technology is one of the attractions of a country's progress. Technology was
created to provide positive benefits for human life. Many aspects of human life
have become easier because of this technological development, one of which is the
financial industry in Indonesia, which is commonly referred to as financial
technology (fintech). Many financial services are offered through the existence of
this financial technology, one of which is peer to peer (P2P) lending, which is a
method that can be used to obtain loans for individuals/businesses based on
information technology (online). The easy conditions for P2P lending transactions
increase the risk of loss for creditors. One of the solutions provided by the
platform is the provision of protection funds for creditors in the event of default.
Unfortunately, the provision of protection funds is contrary to POJK No.
10/POJK.05/2022 so that the platform is deemed to have violated the applicable
provisions.