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What is Pusdafil in Fintech P2P Lending?
Published on 26 Jun 2023
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What is Pusdafil in Fintech P2P Lending?
In this digital era, Fintech or Financial Technology has drastically changed the face of the financial industry. Technological advancements have fuelled the growth of Fintech, which encompasses a wide range of innovative and new financial services. However, to run its operations well, Fintech needs a solid and secure technology infrastructure. This is where Pusdafil, which stands for Fintech Data Centre (FDC), comes in as a robust solution.
What is Pusdafil or Fintech Data Centre (FDC)?
Fintech Lending Data Centre, abbreviated as Pusdafil. In simple terms, Pusdafil is a data repository for information and systems that support various Fintech services. According to OJK, to date, a total of 102 Fintech Lenders have integrated with the Fintech Lending Data Centre System. This FDC plays an important role in ensuring the security, Reliability, and optimal performance of various Fintech applications and platforms.
Functions and Features of Pusdafil or Fintech Data Centre
With Pusdafil (Fintech Lending Data Centre), fintech P2P lending providers can easily access the history of prospective borrowers and perform credit scoring to prevent bad debts. This allows fintech platforms to verify loans more thoroughly if they encounter debtors with problematic track records.
Pusdafil has several important functions in assisting fintech operations, including:
Borrower History Identification
Pusdafil helps in identifying the history of potential borrowers, including whether they have experienced payment problems or have a smooth payment record. This information is crucial to prevent the possibility of non-performing loans in the future.
Prevent Repeat Borrowing
Pusdafil helps prevent cases of multiple lending, where a borrower borrows from multiple fintech platforms simultaneously. With access to centralised borrower data, Pusdafil can identify and prevent this practice, thereby preventing 'digging a hole loans or loan defaults.
Deterrent Effect on Problem Borrowers
Pusdafil provides a deterrent effect for borrowers with poor payment histories. With the information recorded in Pusdafil, such borrowers will not be able to apply for loans on other fintech platforms. This encourages borrowers to reconsider their financial behaviour and repay loan obligations more responsibly.
With Pusdafil, fintech P2P lenders can have better visibility into the credit history and quality of potential borrowers. Pusdafil helps prevent bad credit risk, reduce fraud, and strengthen integrity and trust in the fintech industry.
Also Read: P2P Default, What is the Solution?
Pusdafil or Fintech Data Centre as a Strengthener of the Fintech Ecosystem
The role of Pusdafil or Fintech Data Centre is crucial in strengthening the Fintech ecosystem. By providing a robust technology infrastructure, Pusdafil helps maintain the stability, security, and overall performance of the Fintech system. Some of the main benefits of Pusdafil as a Fintech ecosystem booster are as follows:
a. Reliability
In Fintech operations, system reliability is crucial. Pusdafil ensures that the Fintech system operates consistently and is available to Fintech Lending service providers.
b. Scalability
Pusdafil allows Fintech to adjust capacity and processing power according to business growth. Thus, Fintech can expand its services and increase the number of users without experiencing any disruption in system performance.
c. Speed and Efficiency
In the fast-paced world of Fintech, speed and efficiency are key. Pusdafil provides connectivity and infrastructure that supports fast financial transactions, real-time data processing, and instant system response.
Conclusion
Pusdafil, or Fintech Data Center (FDC), is a data centre specifically designed to support Fintech technology infrastructure. With its superior functions and features, Pusdafil is the main support in maintaining the security, Reliability, and performance of Fintech systems. As a reinforcement of the Fintech ecosystem, Pusdafil makes an important contribution to accelerating innovation and growth of the digital financial sector. Thus, Pusdafil serves as a solid foundation for the Fintech industry to thrive in this digital era.
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1. Tech-based Islamic Financing service (P2P Financing) is a civil agreement between Funder and Beneficiary, in which all risks are charged to all parties.
2. Payment failure is charged to the Funder, except for fraud case and mismanagement. Beneficiaries are imposed if fraud and mismanagement happens as in Risk Sharing terms based on Islamic Principles. There is no national institution or authority that is responsible to financing risk or payment failure or compensating on any parties including loss, failures, fees or consequences after.
3. The platform with agreement from all respective users (funders and/or beneficiaries) accesses, gains, stores, manages and/or uses users’ personal data (Data Utilization) on or in the objects, electronic devices (including smartphones or cellular phones), hardwares or softwares, electronic documents, applications or electronic systems belong to Users or managed by Users, upon the information of aims, limitations and mechanism of Data Utilization to the Users before the approvals.
4. Funders with limited knowledge on this financing are suggested not to use this service.
5. Beneficiaries are obliged to consider return rates/margin/service fee and other fees according to the ability to repay the financing.
6. Each fraud is recorded electronically in cyberspace and easily recognized by public through social media.
7. Users should read and understand this information before deciding to be a Funder or Beneficiary.
8. Government as in this case is Otoritas Jasa Keuangan (OJK) / Financial Services Authority is not responsible for violation or disobedience of users, Funder and Beneficiary (intentionally or unintentionally) against terms and conditions or agreement or attachment between the platform and Funder and/or Beneficiary.
9. Each transaction and financing activities, funding, financing or enforcement agreement regarding financing between or involves the Platform, Funder, Field Partner and/or Beneficiary should happen through escrow account and virtual account as stated in OJK regulation No. 77/POJK.01/2016 about Tech-Based Financing Services.
