182 Chapter IV Finding and Analysis This chapter presents the results of the mixed-method research conducted to examine the impact of fintech Peer-to-Peer Lending (P2PL) on traditional banks and the broader financial sector in Indonesia, as well as to explore the adaptive strategies and critical success factors for both fintech P2PL and traditional banks. The research was conducted in two phases, beginning with qualitative analysis through semi-structured interviews with industry experts and followed by quantitative analysis using Structural Equation Modelling (SEM) to validate the qualitative findings and test hypotheses. A pragmatic mixed-method approach was employed, combining qualitative and quantitative techniques to address the research questions comprehensively. The pragmatist philosophy emphasizes practicality and context-specific findings, ensuring that the research remains relevant and actionable for industry stakeholders. The qualitative phase aimed to explore the intricate dynamics and strategies of the P2PL and banking industries, while the quantitative phase sought to validate these insights using a structured, statistical approach. Research Objectives and Rationale The primary objectives of this research are as follows: 1. To analyse the potential disruption caused by fintech P2PL on traditional banks and its impact on Indonesia’s broader financial sector and economy. 2. To investigate the strategic responses of traditional banks to the rise of fintech P2PL. 3. To identify the critical success factors that influence the growth and sustainability of both fintech P2PL and traditional banks. These objectives align with the three core research questions proposed in the study: • RQ1: What will be the impact of fintech P2PL on traditional banks and the broader financial sector and economy in Indonesia. 183 • RQ2: What strategies are traditional banks employing to adapt to the rise of fintech P2PL in the competitive landscape. • RQ3: What are the critical success factors for both fintech P2PL and traditional banks. The research was conducted through multiple case studies, involving interviews with experienced practitioners in conventional banks, Sharia banks, rural banks, and fintech P2PL platforms. This chapter presents the findings derived from qualitative and quantitative data analysis, as well as the validation and testing of variables using statistical techniques. Table IV. 1 List of respondents No. Position Level Org. Data Coll.