The characteristics of digital transformation in financial management and its role in enhancing sustainable financial development: A study of Iraqi banks

The study aims to clarify the role of the characteristics of digital transformation in financial management in enhancing financial sustainability through a study of Iraqi banks. To achieve this goal, it is necessary to address the study's problem, which lies in the weak implementation of digital technologies in financial management and its negative impact on sustainable financial development. On the one hand, and to address this problem in the banks of the study area statistically, field visits were conducted to identify their strengths and weaknesses. On the other hand, a questionnaire was designed and distributed to 100 employees with special expertise in the banks. After collecting and analyzing the data using the statistical program (SPSS), a number of conclusions were drawn, the most important of which are: digital transformation has a significant impact on sustainable financial development, as digital transformation technologies explain a large portion of the changes in financial sustainability. The key recommendations were for the bank management to continue developing their digital infrastructure to achieve faster and more efficient digital transformation. Additionally, banks should focus on enhancing environmental governance and economic sustainability.