Purpose: Recently, serious
discussions are argued concerning the qualification of financial technological
techniques in Iraqi banking industry in specific, due to the lack of
requirements and lack of adopting certain technical infrastructures in addition
to the lack of knowledge either for those employees or for clients. Iraqi
baking industry still cannot improve their performance as qualified as
expected. Design-Methodology-Approach: The current paper
tries to investigate the role of adopting financial technology in banking
activities through addressing a descriptive analytical method of relevant
articles, essays, and studies with reference to novel financial techniques. Findings: It is obvious that adopting financial technology has a positive role in
enhancing the banking performance and increasing the population of financial
banking technology usages; especially for those who cannot reach their
branches; and increasing the profitability of financial transactions due to
decreasing the efforts and time of financial processes through traditional
ways. ResearchLimitation-Implication: Accepting the idea of
automatizing every financial transaction is still not clear enough to most of
Iraqi banks’ clients, further some of clients doubt the abilities of these
financial technologies to serve their needs. PracticalImplication: Unfortunately, most of Iraqi private banks follow the traditional
applications of financial transactions rather than using the novel
technologies, due to the lack of awareness towards its importance. So, the
current paper confined to analyze only two Iraqi private banks (AshurInternationalBank& NationalBankofIraq). SocialImplication:
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