The Role of Financial Technology in Achieving Financial Stability

This study aims to support Iraqi banks in developing their banking services according to the latest financial and technological innovations, as well as to clarify the actual role that financial technology plays in achieving financial stability as one of the modern methods of banking operations. The study addressed two main variables: financial technology, which represents the independent variable due to its increasing significance in financial and banking institutions, and financial stability as the dependent variable. The study population included the Iraqi banking system, covering the period from 2017 to 2023, which marks the phase during which financial and banking institutions began to adopt electronic financial services as an alternative to traditional methods. The main hypotheses related to financial correlations and the impact of the studied variables were tested using financial indicators and statistical methods, with the application of the (SPSS) statistical program and financial ratios. The study reached significant findings, the most notable of which is that financial technology has a considerable impact on the financial stability of banks. Therefore, the banks included in the study should pay special attention to this factor. Moreover, the results emphasized that the design of banking financial services should be based on the extent of the benefit achieved, followed by service quality, and finally, ease of access.