Research team of Faculty of Economics and Business, Universitas Sebelas Maret (FEB UNS), organizes a public lecture entitled “FinTech and Financial System Stability” on Friday, 5 December 2025, at the Development Economics Study Program, Faculty of Economics, Universitas Negeri Semarang (UNNES). The activity is attended by more than 75 participants consisting of students and academic staff and is conducted in parallel sessions in Rooms 501 and 506 of the Faculty of Economics Building, UNNES.

This public lecture is part of the dissemination of research findings by the FEB UNS research team concerning developments in financial technology (FinTech) and their implications for national financial system stability.

In her presentation, Ayya Agmulia Asmarani Islam explains that the development of FinTech in Indonesia shows a notable increase, accompanied by the emergence of diverse digital financial service platforms. However, she notes that the contribution of FinTech lending transactions remains relatively limited when compared with the total volume of national banking credit transactions.

She further explains that the presence of FinTech offers several benefits to the financial stability ecosystem, including improved efficiency and transparency in digital financial transactions, transaction risk diversification, and expanded financial inclusion.

Nevertheless, FinTech also faces challenges, particularly related to data security vulnerabilities to cyber threats and digital financial governance practices that have not yet reached an optimal level. Therefore, FinTech development, according to the research team, should be positioned within a comprehensive framework of national financial system stability.

In the subsequent session, Malik Cahyadin presents the results of a FinTech user survey conducted in the Special Region of Yogyakarta, Central Java Province, and East Java Province. The survey is carried out from July to early August 2025 with support from the 2025 DIKTI Regular Research Grant. The research respondents consist of employees and micro-enterprise owners who use paylater services and peer-to-peer (P2P) lending platforms. The number of respondents reaches 351 individuals in the Special Region of Yogyakarta, 585 individuals in Central Java, and 738 individuals in East Java.

The survey results indicate varied respondent characteristics across provinces. In the Special Region of Yogyakarta, respondents are predominantly female (61.54%), Muslim (93.16%), with senior high school and undergraduate education backgrounds, and significant age groups in their thirties and fifties. In Central Java, respondents are also predominantly female (61.03%), mainly senior high school graduates (54.61%), predominantly Muslim (83.42%), and largely within the 18–22 age range. Meanwhile, respondents in East Java are predominantly female (65.45%), with education levels mainly at junior high school and undergraduate degree, predominantly Muslim (87.67%), and primarily within the 18–27 age range.

The research identifies several factors that significantly drive FinTech transactions across the three provinces, including technological adaptation and adoption capacity, positive perceptions of the impact of digital financial transactions for users, and the level of public trust in FinTech services.

Based on these findings, the FEB UNS research team recommends that financial authorities continue to promote financial literacy and inclusion, while FinTech service providers are expected to strengthen governance practices and the security of digital financial transactions.

From a global contribution perspective, the activity and its research outcomes align with the Sustainable Development Goals (SDGs), particularly SDG 8 (Decent Work and Economic Growth) through the strengthening of an inclusive financial ecosystem, and SDG 9 (Industry, Innovation, and Infrastructure) through the use of technological innovation in the financial sector.