Understanding Fintech Lending

What is the primary definition of Fintech Lending?

• A method for stock trading

• A technology-based financial service for direct lending

• A service for traditional banking

• A type of insurance service

What is TKB90 level ?

• Indicator to measure the success rate of P2P company to collect the payment within 90days

• Indicator to measure the success rate of P2P company to register to OJK in 90days

• Indicator of a Legal P2P company in Indonesia

• Indicator to measure the interest rate of P2P in 90days

What is a requirement for a Fintech Lending provider in Indonesia?

• Must operate without a license

• Must have a minimum capital of Rp2.5 bio (old regulation) now 25bio

• Must have extensive experience in financial services

• Must not be a foreign company

Who can be a borrower in Fintech Lending?

• Only government entities

• Foreign investors

• Individuals and small businesses

• Only large corporations

What is one of the risks associated with Fintech Lending?

• Lenders receiving too much information

• Borrowers not repaying loans

• Excessive government regulation

• High interest rates

Which of the following is a basic enabler of Fintech?

• Physical cash transactions

• Manual record keeping

• Credit Information & Scoring

• Traditional banking systems

What is the role of the Fintech Lending platform?

• To issue government bonds

• To manage traditional investment portfolios

• To facilitate direct lending between lenders and borrowers

• To provide physical bank branches

What should borrowers understand before taking a loan?

• The history of the lending platform

• The lender's personal background

• The interest rate and repayment ability

• The lender's financial status

What is a prohibited activity for Fintech Lending providers?

• Collecting user data

• Facilitating peer-to-peer lending

• Offering loans in foreign currencies

• Providing financial advice

What is the purpose of E-KYC in Fintech?

• To provide loans without documentation

• To manage cash transactions

• To verify customer identities digitally

• To enhance physical banking services