The Role of the Central Bank of Iraq in Promoting Digital Transformation and the Use of Financial Technology in Iraq for the Period 2017-2023
DOI:
https://doi.org/10.31272/jae.i145.1290Keywords:
Digital transformation, financial technology, Central Bank of IraqAbstract
To enhance the pioneering role played by the Central Bank of Iraq in leading the financial inclusion process and developing banking infrastructure and electronic payment systems, advanced methodologies must be developed that contribute to moving towards achieving digital transformation in the Central Bank of Iraq and the banking sector and through the gradual shift to adopting digitisation and adopting concepts. The technical dimension is based on electronic governance to organise work and manage tasks, jobs and events with quality, efficiency and speed through the use of advanced financial technology indicators, that is, digital. The research problem was: What is the role of the Central Bank of Iraq in transforming the banking sector and non-banking financial institutions towards the digital economy? As for the research goal, it became clear through the contribution of the Central Bank of Iraq to digital transformation and financial technology. As for the research hypothesis launched: Is there a relationship between digital transformation and digital financial technology in the Iraqi banking sector? The research reached a set of conclusions, the most prominent of which was that the indicators of digital transformation in Iraq need to be stronger. This affected keeping pace with developments in financial technology indicators in Iraq, and the most prominent recommendations were the necessity of work by the Central Bank of Iraq towards broader trends towards digital transformation through a policy emphasising the banking and non-banking sectors.
Downloads
References
Ali, S. H. A. (2020). Digital transformation of banking operations as a tool for developing financial performance: An applied study of a sample of private commercial banks in Iraq for the period 2012-2019.
[2] Al-Maturi, A. A. S. (2022). Digital transformation and its impact on human resource resilience: An exploratory study of a sample of employees at the General Company for Gas Filling and Services - Basra Branch. Al-Ghary Journal of Economic and Administrative Sciences, Special Issue: Proceedings of the International Scientific Conference of the College of Administration and Economics, University of Kufa. https://doi.org/10.36325/ghjec.v18i00.14528 DOI: https://doi.org/10.36325/ghjec.v18i00.14528
[3] Hadi, H. S. M. (2023). Digital transformation of banking operations and its impact on certain financial soundness indicators: A study of a sample of Iraqi banks for the period 2012-2021.
[4] Jabbar, A. F. A. (2024). The labor market in Iraq between the requirements of adapting to global digital transformations and economic reform.
[5] Amid, K. H. (2023). The role of financial technology in achieving financial stability: An analytical study in the Iraqi financial sector.
[6] Khudair, R. K. (2022). The impact of financial technology on the dimensions of the banking business environment: An analytical exploratory study of a selected sample of Iraqi banks.
[7] Mahmoud, H. M. (2021). The role of financial technology in enhancing financing models in Islamic banks in Iraq and Jordan: A comparative analytical study for the period 2010-2019.
[8] Khalil, A. A. (2019). The role of digital mobile wallets in enhancing e-commerce volume: An analytical study - Iraq as a model. Journal of Administration and Economics, 8(30). IASJ ID: 171336
[9] United Nations. (2022). E-Government survey 2022: The future of digital government. Department of Economic and Social Affairs. DOI: 10.18356/9789210018159 DOI: https://doi.org/10.18356/9789210018159
[10] Al-Yasiri, N. Q. M. (2023). The role of financial technology in enhancing financial inclusion in Arab countries with special reference to Iraq.
[11] Hussein, S. A. (2021). The impact of financial technology in enhancing financial inclusion for the Iraqi environment: An applied research in the Iraqi banking system.
[12] World Bank Group (2020). Doing Business 2020. DOI: 10.1596/978-1-4648-1440-2 DOI: https://doi.org/10.1596/978-1-4648-1440-2
Downloads
Published
Issue
Section
License
Copyright (c) 2024 Mustafa Muhammad Ibrahim, Suhaib Obaid Issa
This work is licensed under a Creative Commons Attribution 4.0 International License.
The journal of Administration and Economics is an open- access journal that all contents are free of charge. Articles of this journal are licensed under the terms of the Creative Commons Attribution International Public License CC-BY 4.0 (https://creativecommons.org/licenses/by/4.0/legalcode) that licensees are unrestrictly allowedto search, download, share, distribute, print, or link to the full text of the articles, crawl them for indexing and reproduce any medium of the articles provided that they give the author(s) proper credits (citation). The journal allows the author(s) to retain the copyright of their published article.
Creative Commons-Attribution (BY) 
