<![CDATA[This study aims to analyze the impact of fintech lending collaboration, as a proxy for digitalization, and the effectiveness of cyber risk management on the financial performance of banks. This quantitative research uses panel data from 40 commercial banks in Indonesia over the 2019-2023 period. The analysis was conducted using Moderated Regression Analysis (MRA) with Return on Assets (ROA) as a dependent variable. The results show that: (1) fintech lending collaboration increases ROA by an average of 1.2 percentage points; (2) a one-unit increase in cyber risk management effectiveness (measured using a maturity index on a scale of 1–5) has a significant positive impact on ROA of 0.4 percentage points; and (3) the interaction between the two variables shows a positive and significant moderating effect (interaction coefficient of 0.15), indicating that banks with more mature cyber risk management are able to maximize the positive impact of fintech collaboration by up to 30%. These findings confirm that the competitive advantage of banking digitalization relies heavily on an effective cyber resilience foundation. The implication is that investment in cyber risk governance is not merely a defensive necessity, but also a critical moderating factor that enhances the strategic value of fintech innovation. While the findings are robust, this study acknowledges limitations related to disclosure-based measurement of cyber risk management, which may not fully capture actual cybersecurity effectiveness, as well as potential endogeneity issues inherent in panel data analysis. Robustness checks were conducted to ensure the consistency of the results.]]>
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