Evaluating the Impact of Financial Technology on Banking Sector Performance An Applied Study of a Sample of Iraqi Banks
Abstract
The current research aims to demonstrate the impact of financial technology on Iraqi banks, with dimensions including digital financial services, cybersecurity, and financial innovation, and its effect on the performance of the banking sector, encompassing profitability, operational efficiency, financial stability, and growth. In a sector where keeping pace with technology is one of the most critical elements for its sustainability and success, the research is based on the main hypothesis that "there is a significant and statistically significant impact relationship of financial technology requirements on banking performance." The descriptive, historical, analytical, quantitative, and statistical methods were used, with the questionnaire serving as the primary data collection tool. The sample consisted of 75 individuals in positions such as authorized manager, deputy authorized manager, department director, section director, deputy section director, branch officer, and unit officer. The SPSS statistical program was employed to calculate the mean, standard deviation, coefficient of variation, F-test, R2 determination coefficient, X2 test, and T-test. These results emphasize the importance of banks adopting financial technology in all its dimensions to achieve better banking performance, with a particular focus on financial innovation as a key factor in enhancing competitiveness. The research is divided into four sections: The first section focuses on the research methodology, while the second section covers the fundamental concepts of the research. The third section is dedicated to analyzing the research results and testing its hypotheses, and the fourth section highlights the most important conclusions and recommendations derived from the research.
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